Enclosed please find MT Højgaard A/S’s announcement of 5 November 2015 regarding that The Supreme Court has rejected the opposing party's application to appeal against a ruling in an old offshore dispute from April 2015, which was in favour of MT Højgaard. As a result, MT Højgaard will recognise DKK 195 million as income under Special items. Højgaard Holding A/S share hereof will be 54 % corresponding to the ownership interest of 54 %.
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.
The group will 12 November 2015 publish the Interim report for 1 January to 30 September 2015.
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.
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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
