Today, the Board of Directors of
The annual report in brief
- A very impressive year with revenue increase and high earnings.
-
Revenue increased by 11.7% to
DKK 20.2 billion . -
EBIT amounted to
DKK 1,078 million , corresponding to an EBIT margin of 5.3%. - Return on invested capital after tax (ROIC) was 15.0%.
-
Satisfactory order intake of
DKK 19.6 billion and a good order backlog ofDKK 22.2 billion . -
Cash flow from operating activities came to
DKK 1,102 million but was negatively affected byDKK 853 million from an increasing working capital due to the high level of activity and agreed terms of payment for a few projectsin Construction . -
The proposed dividend for the financial year is
DKK 10 per share of a nominal value ofDKK 2 .
Aarsleff’s overall expectations for 2023/24
- Revenue growth of -4 to 1%, corresponding to revenue of
DKK 19.5 to 20.5 billion. -
EBIT in the range of
DKK 900 to 1,000 million. -
Investments in property, plant and equipment exclusive of leased assets are expected to be in the range of
DKK 700 to 750 million. - The usual share of the order backlog for execution in the financial year.
- Working capital is expected to decrease significantly.
The segments expectations for 2023/24
Construction
Construction expects a continued good level of activity especially within harbour projects and projects driven by the green transition. The building activities, however, are decreasing as several large
Technical Solutions
Technical Solutions expects a high level of activity in connection with the building of the
Rail
Rail expects lower level of activity primarily due to a more selective order selection in
Ground Engineering
Ground Engineering expects revenue growth due to a strong construction market, increasingly driven by infrastructure and energy projects resulting from the green transition. However, there is a slowdown in residential building activities in all markets. EBIT is expected to amount to
Pipe Technologies
Pipe Technologies expects a good level of activity in all significant markets, but there is uncertainty as to allocation of funds for especially pipe renewal in the public sector. EBIT is expected to amount to
CEO of Aarsleff,
"
The annual report is published via
Contacts
Jesper Kristian Jacobsen , Administrerende direktør / CEO, +45 8744 2222
About Per Aarsleff Holding A/S
Attachments
- Aarsleff_AR-2022-23_UK_FINAL.pdf
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