Interim report for 1 January to 30 June 2016 (first half 2016)

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 2016.

• The group’s revenue was DKK 39 million against DKK 34 million for the same period last year.
• The group recorded a loss before tax of DKK 12 million, compared to a profit of DKK 35 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 loss before special­ items for the period of DKK 19 million, compared to a profit of DKK 122 million for the same period in the previous year. The development can be attributed to a relatively low level of activity in the period and lower earnings from the operating activities at Thule Air Base as well as the impact of an impairment loss on an infrastructure project. Results after tax (before minority interests) amounted to a loss of DKK 18 million for the period, compared to a profit of DKK 117 million for the same period last year.
• Whereas the MT Højgaard group previously had an outlook for revenue at the level of DKK 7.0 billion and an operating profit (before any special items) at the level of DKK 300 million, this has now been adjusted to an outlook for revenue at the level of DKK 6.8 billion and an operating profit (before any special items) at the level of DKK 225 million.
• For 2016, in addition to our share in the MT Højgaard group’s profit after tax and minority interests of 54 %, 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