Interim report for 1 January to 30 September 2015 (3rd 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 30 September 2015.

• The group’s revenue was DKK 50 million against DKK 53 million for the same period last year.
• The group recorded a profit before tax of DKK 181 million, compared to a loss of DKK 204 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 267 million, compared to a profit of DKK 88 million for the same period in the previous year. Results for the first to the third quarter 2014 were affected by special items amounting to DKK -408 million as a consequence of old offshore disputes. 3^rd quarter 2015 has been positively impacted by taking to income under special items DKK 195 million regarding the final settlement of the offshore dispute case Robin Rigg.The profit after tax (before minority interests) was a profit of DKK 423 million for the period, compared to a loss of DKK 339 million for the same period last year.
• The MT Højgaard group now adjusts expectations for a revenue for the full year to DKK 6.5-7.0 billion, compared to a previous outlook for DKK 7 billion. An operating profit before special items of DKK 325-375 million is maintained. The forecast for an operating margin before special items of approx. 5% is maintained. Special items are expected to amount to DKK 195 million after the final settlement of the offshore dispute case Robin Rigg.

• 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