MT Højgaard wins appeal in old offshore dispute


Enclosed please find MT Højgaard A/S’s release of 30 April 2015 regarding the MT Højgaard group is not liable for the costs regarding the grouted connections on the Robin Rigg offshore wind farm project. If the opposing party does not file an appeal against the ruling, special items will amount to an income of approximately DKK 195 million.

For 2015, the MT Højgaard group still expects an operating profit of DKK 300-375 million before special items, corresponding to an EBIT margin of 4-5%. If the case is not appealed by the opposing party, special items will amount to an income of approximately DKK 195 million.

For 2015, in addition to our 54 % share of the MT Højgaard group’s profit after tax and minority interests the Højgaard Holding group still expects a small positive result before tax.

Højgaard Holding A/S holds an ownership interest of 54 % in MT Højgaard.

The projections concerning future financial performance are subject to uncertainties and risks that may result in a development that deviates substantially from what is expected.

 

Best regards,
Højgaard Holding A/S
 
 
Ditlev Fløistrup
CEO
 

 

         Contacts: Torben Biilmann, 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


Attachments

2015-04-30 MT Højgaard wins appeal in old offshore dispute.pdf