Please find attached information from the Board of Directors of MT Højgaard A/S according to which the board has lowered its outlook for 2018.
MTH GROUP previously expected full-year 2018 revenue of around DKK 6.8 billion, and operating profit before special items in the range of DKK 140 - 180 million.
This has now been adjusted to an EBIT in the range of DKK 0 - 50 million. Expected revenue is unchanged compared to earlier.
For 2018, in addition to Monberg & Thorsen’s 46% share of MTH GROUP’s result after tax and non-controlling interests, we still expect our operating expenses to be around DKK 4 million, to which should be added any further expenses in connection with the indemnities and guarantees provided in connection with the divestment of Dyrup A/S.
As previously announced will the board of directors of Monberg & Thorsen A/S consider the interim report for the period 1 January to 30 June 2018 tomorrow, 16 August 2018, which will subsequently be published together with the interim report of MT Højgaard A/S.
As a result of the company’s financial performance, the board of directors of MT Højgaard A/S has announced that CEO Torben Biilmann, will retire from his position as of 16 August. The board of directors appreciates Torben Biilmann’s performance in the company during the past six years and thanks him for his efforts.
Until a new CEO can take up the position, the chairmanship of MT Højgaard A/S will be responsible for the daily management in close collaboration with Group Management.
Questions relating to this announcement should be directed to Anders Heine Jensen, Chairman, on telephone +45 2048 8563.
The announcement can also be viewed at www.monthor.com
This announcement is available in Danish and English. In case of doubt, the Danish version shall prevail.
MONBERG & THORSEN A/S
CVR 12 61 79 17
LEI 529900NA1V21KR5S7498
Ringager 4C, 2nd Floor, Right
DK - 2605 Brøndby
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