October 22, 2014 6:44 PM ET

Construction and Engineering

Company Overview of Mt Højgaard A/S

Company Overview

MT Højgaard A/S provides construction and civil engineering services in Denmark and rest of the Nordic countries. The company is involved in various civil works comprising concrete, concrete renovation, drainlaying, drilling and cutting, earthworks and roads, facade insulation and moisture barrier installation, infrastructure, marine works, piling, utility service infrastructure, and water supply and water treatment works. It also offers commercial construction and refurbishment services for domiciles; hotels; warehouses; multi-storey car parks; pharmaceutical and biotech facilities; production, storage and transportation facilities; and shops, shopping centers, and hotels, as well as design...

Knud Højgaards Vej 9

Søborg,  2860

Denmark

Founded in 1918

3,978 Employees

Phone:

45 70 12 24 00

Fax:

45 70 13 24 21

Key Executives for Mt Højgaard A/S

Chief Executive Officer
Age: 58
Chief Financial Officer and Member of Executive Board
Age: 49
Chief Executive Officer of Hojgaard Holding A/S
Executive Vice President
Age: 56
Executive Vice President
Compensation as of Fiscal Year 2014.

Mt Højgaard A/S Key Developments

Mt Højgaard A/S Reaffirms Earnings Guidance for 2014

Mt Højgaard A/S announced that it still expects an operating result (EBIT) of DKK 150 million to DKK 225 million before above special items for 2014.

Mt Højgaard A/S Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for 2014

Mt Højgaard A/S reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of DKK 1,685.3 million compared to DKK 1,805.3 million a year ago. Profit before share of loss of joint ventures was DKK 49.6 million compared to DKK 45.5 million a year ago. Operating profit before special items was DKK 45.6 million compared to DKK 41.8 million a year ago. Operating profit was DKK 45.6 million compared to DKK 41.8 million a year ago. Profit before tax was DKK 34.5 million compared to DKK 6.4 million a year ago. Profit after tax attributable to the shareholders of the company was DKK 16.8 million compared to loss of DKK 11.3 million a year ago. Cash flows from operating activities were DKK 16.6 million against cash flows used in operating activities of DKK 116.1 million a year ago. Purchase of property, plant and equipment was DKK 43.8 million compared to DKK 44.6 million a year ago. For the six months, the company reported revenue of DKK 3,218.1 million compared to DKK 3,348.3 million a year ago. Profit before share of loss of joint ventures was DKK 24.1 million compared to loss of DKK 9.3 million a year ago. Operating profit before special items was DKK 15.8 million compared to loss of DKK 17.5 million a year ago. Operating loss was DKK 179.2 million compared to DKK 17.5 million a year ago. Loss before tax was DKK 179.4 million compared to DKK 23.6 million a year ago. Loss after tax attributable to the shareholders of the company was DKK 217.6 million compared to DKK 67.5 million a year ago. Cash flows from operating activities were DKK 167.3 million against cash flows used in operating activities of DKK 160.0 million a year ago. Purchase of property, plant and equipment was DKK 76.6 million compared to DKK 74.6 million a year ago. Net interest-bearing deposits were DKK 221 million against net interest-bearing debt of DKK 80 million a year ago. Negative return on equity was 21.3% against 3.6% a year ago. For 2014, the company maintained its forecast for revenue at the level of DKK 7.0 billion to DKK 7.5 billion. Operating profit before special items for 2014 will be at level of DKK 150 million to DKK 225 million.

MT Højgaard A/S Announces Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for 2014

Mt Højgaard A/S announced earnings results for the first quarter ended March 31, 2014. The company recorded an operating loss before special items for the period of DKK 30 million, compared to a loss of DKK 59 million for the same period in the previous year. Special items for the period amounted to a loss of DKK 195 million and relate to the provision for the lost offshore dispute case Robin Rigg. The profit after tax (before minority interests) was a loss of DKK 216 million for the period, compared to a loss of DKK 42 million for the same period last year. MT Højgaard maintains its forecast for a revenue at the level of DKK 7.0 to DKK 7.5 billion for 2014. An operating profit before special items for the year at the level of DKK 150 to DKK 225 million is still expected, which corresponds to a margin of 2% to 3%.

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