Per Aarsleff Holding A/S

PAAL B

DK0060700516

Construction & Engineering

Market Closed - Nasdaq Copenhagen Other stock markets 10:59:55 2024-04-26 am EDT			5-day change	1st Jan Change
321.5 ^DKK	+0.78%		+0.47%	-0.31%

Feb. 27	Per Aarsleff Holding A/S Provides Earnings Guidance for 2023-24	CI
Feb. 27	Per Aarsleff Holding A/S Reports Earnings Results for the First Quarter Ended December 31, 2023	CI

AARSLEFF AWARDED LARGE DISTRICT HEATING CONTRACT IN FURESO, EGEDAL AND FREDERIKSSUND

September 26, 2023 at 10:27 am EDT

The company I/S Vestforbraending has awarded a contract to Per Aarsleff A/S for the extension of the district heating network in the municipalities of Fureso, Egedal and Frederikssund.

The contract is a part of phase 1 of the plan 'Varmeplan 2030' which will provide house owners with the opportunity to phase out and replace their oil and gas furnaces with district heating which is more sustainable.

The contract is a design & build contract, and Aarsleff's work comprises design and installation of almost 75 kilometres of main pipelines and distribution pipelines which will be buried in the industrial district in Frederikssund and in the streets of the municipalities Fureso and Frederikssund, allowing almost 3,400 house owners to convert to district heating. In addition, we will install new main pipelines between the towns Malov and Stenlose as well as between Olstykke and Frederikssund.

'We are pleased that the Aarsleff Group can contribute to providing more house owners with the opportunity to convert to a more sustainable energy source. The execution of district heating pipelines is one of our core skills, and we will do our utmost to give the many customers a good experience during the important and necessary green transition,' says Jesper Kristian Jacobsen, CEO of Aarsleff.

The design work will begin in October, and the installation work will take place from April 2024 to December 2028. In addition to Per Aarsleff A/S, the Group's technical contractor, Wicotec Kirkebjerg A/S, will be involved in the contract as they will carry out the welding work and the installations at the customers. In addition, COWI A/S will participate as consulting engineer.

The total value of the contract is DKK 2 billion. The award of the contract is subject to approval from the board of directors of I/S Vestforbraending and the usual standstill period of 10 days.

The contract does not affect Aarsleff's earnings expectations for the financial year 2022/23.

Contact:

Tel: +45 8744 2311

Latest news about Per Aarsleff Holding A/S

Per Aarsleff Holding A/S Provides Earnings Guidance for 2023-24	Feb. 27	CI
Per Aarsleff Holding A/S Reports Earnings Results for the First Quarter Ended December 31, 2023	Feb. 27	CI
Per Aarsleff Holding A/S Reports Earnings Results for the Full Year Ended September 30, 2023	Dec. 19	CI
Per Aarsleff A/S Enters into Contract with By & Havn A/S for the Construction of the Second Phase of Lynetteholm	23-10-10	CI
Per Aarsleff A/S Wins Large District Heating Contract in Furesø, Egedal and Frederikssund	23-09-25	CI
Per Aarsleff Holding A/S Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2023	23-08-30	CI
Per Aarsleff Holding A/S Upgrades the Full-Year Expectations for the Financial Year 2022/23	23-08-15	CI
Per Aarsleff Holding A/S Upgrades the Full-Year Expectations for the Financial Year 2022/23	23-05-15	CI
Per Aarsleff Holding A/S Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2023	23-04-14	CI
An unknown buyer completed the acquisition of Russian business from Per Aarsleff Holding A/S (CPSE:PAAL B).	23-03-27	CI
Per Aarsleff Holding A/S’s Equity Buyback announced on September 10, 2018, has expired.	23-02-28	CI
Tranche Update on Per Aarsleff Holding A/S (CPSE:PAAL B)'s Equity Buyback Plan announced on September 10, 2018.	23-02-27	CI
Per Aarsleff Holding A/S Reports Earnings Results for the First Quarter Ended December 31, 2022	23-02-24	CI
Per Aarsleff Holding A/S Provides Earnings Guidance for the Year 2022-23	23-02-24	CI
Per Aarsleff Holding A/S Approves Board Changes	23-01-26	CI
Per Aarsleff Holding A/S Approves Dividend	23-01-26	CI
Tranche Update on Per Aarsleff Holding A/S (CPSE:PAAL B)'s Equity Buyback Plan announced on June 8, 2020.	22-12-16	CI
Tranche Update on Per Aarsleff Holding A/S (CPSE:PAAL B)'s Equity Buyback Plan announced on September 10, 2018.	22-12-16	CI
Per Aarsleff Holding A/S Proposes Dividend for the Financial Year 2021-2022	22-12-16	CI
Per Aarsleff Holding A/S Reports Earnings Results for the Full Year Ended September 30, 2022	22-12-16	CI
Per Aarsleff Holding A/S Provides Earnings Guidance for the Financial Year 2022-2023	22-12-16	CI
Meta halts construction of two data centres in Denmark	22-12-15	RE
Per Aarsleff Holding A/S Provides Outlook for the Full Year 2022	22-08-26	CI
Per Aarsleff Holding A/S Reports Earnings Results for the Third Quarter and Nine Months Ended June 30, 2022	22-08-26	CI
Aarsleff Enters into A Contract for the Next Phase of Data Centre in Odense	22-08-03	CI

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Company Profile

Per Aarsleff Holding A/S is a Denmark-based general infrastructure contractor. The Company operates in three main segments: Construction, Piling and Pipe Technologies. The Companyâs Construction activities include construction of roads, bridges, tunnels, airports, sewerage systems with reservoirs, energy supply systems, communications networks and total technical contracts, among others. The Piling segment covers the activities related to the system of precast concrete piles, as well as geotechnical services and project-based activities involving foundation work. The Pipe Technologies segment is engaged in trenchless pipe renewal. The Company wholly owns over 30 direct and indirect subsidiaries, such as Dan Jord A/S, Petri & Haugsted as and Wicotec A/S, among others. The Company is active in Denmark, the United Kingdom, Germany, Poland and Sweden, as well as in other countries. In June 2013, it became the sole shareholder in Insituform Rohrsanierungstechniken GmbH.

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Construction & Engineering

Calendar

2024-05-27 - Q2 2024 Earnings Release

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B-

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BUY

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321.5 DKK

Average target price

435 DKK

Spread / Average Target

+35.30%

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PAAL B

DK0060700516

Construction & Engineering

AARSLEFF AWARDED LARGE DISTRICT HEATING CONTRACT IN FURESO, EGEDAL AND FREDERIKSSUND

Latest news about Per Aarsleff Holding A/S

Chart Per Aarsleff Holding A/S

Company Profile

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Ratings for Per Aarsleff Holding A/S

Analysts' Consensus

EPS Revisions

Quarterly revenue - Rate of surprise

Sector Other Construction & Engineering