SECOND-QUARTER RESULTS
(Comparative figures for the second quarter of 2024 are shown in brackets)
The second quarter was characterised by high production and a significant intake of new orders. Revenue and operating profit developed in line with the full-year expectations, and profit after tax improved following the winding-up of loss-making international activities.
- Revenue amounted to DKK 2,675 million (DKK 2,665 million), Enemærke & Petersen recorded growth, while MT Højgaard Danmark experienced a slight decline in activity due to quarter-on-quarter fluctuations.
- The gross margin improved, driven by MT Højgaard Danmark, while a number of projects continued to weigh on Enemærke & Petersen’s margin. The operating profit (EBIT) of DKK 100 million (DKK 124 million) was affected by investments in capacity building and losses in joint ventures.
- The continuing operations produced a profit after tax of DKK 75 million (DKK 81 million).
- Profit after tax was DKK 68 million (2023: DKK 52 million). The improvement was attributable to a lower loss from discontinued operations after divestment and winding-up of most of the international activities.
- Return on invested capital (ROIC) was 50% after stable earnings and invested capital.
- Cash flows from operating activities improved …