Højgaard Holding A/S annual report 2015

The board of directors of Højgaard Holding A/S has today considered and approved the annual report for 2015, which follows below in its entirety and with the following summary.

Summary

• In 2015, the Højgaard Holding group realised a revenue of DKK 58 million and an operating profit of DKK 7 million, which is on a level with 2014.
• The Højgaard Holding group recorded a profit before tax of DKK 104 million, which is approx. DKK 280 million up on last year’s loss of DKK 174 million. Results before tax are positively affected in particular by the improved results in the MT Højgaard group.
• The Højgaard Holding group recorded a profit after tax of DKK 103 million compared to a loss of DKK 176 million in 2014.
• The jointly controlled enterprise MT Højgaard (in which Højgaard Holding A/S holds a share of 54 %) recorded an operating profit before special items of DKK 352 million, compared to a profit of DKK 207 million for 2014. In 2015, special items amounted to DKK 0, whereas they amounted to a loss of DKK 408 million in 2014. Results after tax (before minority interests) amounted to a profit of DKK 290 million for the year, compared to a loss of DKK 252 million for 2014.
• For 2016, the MT Højgaard group expects revenue at the level of DKK 7 billion and an operating profit (before any special items) at the level of DKK 300 million. This results in an EBIT margin slightly below the desired 5 %.
• For 2016, in addition to our share in the MT Højgaard group’s profit after tax and minority interests of 54 % the Højgaard Holding group expects a small positive result before tax.
• No distribution of dividends for 2015 will be proposed.

The annual report for 2015 of MT Højgaard A/S, which we have just published, and the annual report for 2015 of Højgaard Holding A/S are available for download at the company's website www.hojgaard.dk

         Contacts: Torben Biilmann, president and CEO, MT Højgaard, tel. +45 2270 9020
         Ditlev Fløistrup, CEO, Højgaard Holding, tel. +45 4520 1500
         Søren Bjerre-Nielsen, chairman of the board, Højgaard Holding, tel. +45 4520 1500

Vedhæftede filer:

2016-02-25 Højgaard Holding annual report 2015.pdf