Interim report for 1 January to 31 March 2015 (1st quarter 2015)

The board of directors of Højgaard Holding A/S has today considered and approved this interim­ report for the period from 1 January to 31 March 2015.

• The group’s revenue was DKK 18.4 million against DKK 19.6 million for the same period last year.
• The group recorded a profit before tax of DKK 15.9 million, compared to a loss of DKK 124.2 million for the same period last year.
• The jointly controlled enterprise MT Højgaard (in which Højgaard Holding A/S holds a share of 54%), recorded an operating profit before special items for the period of DKK 50 million, compared to a loss of DKK 30 million for the same period last year. Special items amounted to a loss of DKK 195 million in the first quarter 2014, which was the effect of settled offshore dispute cases. The profit after tax (before minority interests) was a profit of DKK 62 million for the period, compared to a loss of DKK 216 million for the same period last year.
• The MT Højgaard group still expects revenue at the level of DKK 7.0 to 7.5 billion and an operating profit before special items of DKK 300-375 million, which corresponds to an operating margin before special items of 4-5%. As mentioned in the stock exchange announcement of 30 April 2015, the appeal of an old offshore case brought by MT Højgaard was upheld. Provided that an appeal is not filed against this ruling, special items will amount to an income of approx. DKK 195 million.
• For 2015, in addition to our share of 54% in the MT Højgaard group’s profit after tax and minority interests, the Højgaard Holding group still expects a small positive result before tax.

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