Copenhagen, 2011-08-31 13:11 CEST (GLOBE NEWSWIRE) -- Today, the Board of Directors of Per Aarsleff A/S have discussed and approved the Interim Report for the first nine months of the financial year 2010/2011. The Interim Report has not been audited or reviewed by the company’s auditors.
Results of the first nine months:
- Profit before tax came to DKK 88 million and is slightly below expectations.
- Consolidated revenue came to DKK 4,369 million.
- In Construction, profit before interest came to DKK 15 million.
- In Pipe Technologies, profit before interest came to DKK 33 million.
- In Piling, profit before interest came to DKK 52 million.
- The free cash flow of the Group was negative at DKK 185 million.
Outlook for the financial year 2010/2011:
- The company maintains its expectations for a profit before tax of DKK 120 million for the financial year 2010/2011.
- Revenue is expected to be significantly higher than the 2009/2010 level.
- At 30 June 2011, 22 out of a total of 177 foundations have been installed for the London Array Offshore Wind Farm, and the project's contribution to the expected results continues to be conservatively assessed.
Further information:
General Manager Ebbe Malte Iversen, Per Aarsleff A/S, tel. +45 8744 2222.
