Interim report for 1 January to 30 June 2015 (1st half 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 30 June 2015.

• The group’s revenue was DKK 34 million against DKK 36 million for the same period last year.
• The group recorded a profit before tax of DKK 35 million, compared to a loss of DKK 113 million for the same period in the previous 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 122 million, compared to a profit of DKK 16 million for the same period in the previous year. Special items amounted to a loss of DKK 195 million in the first half year 2014, which was the effect of settled offshore dispute cases. The profit after tax (before minority interests) was a profit of DKK 117 million for the period, compared to a loss of DKK 182 million for the same period last year.
• MT Højgaard group now expects revenue at the level of DKK 7 billion, compared to a previous outlook at the level of DKK 7.0-7.5 billion, and an operating profit before special items of DKK 325-375 million, compared to a previous outlook for DKK 300-375 million, which, accordingly, corresponds to an operating margin before special items of approx. 5% compared to a previous outlook for 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. In May, the opposing party applied for permission to appeal this ruling. Provided that the appeal is not upheld, special items will be positively affected by 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