MT Højgaard Holding A/S: MT Højgaard Holding sells Arssarnerit

Core Viewpoint - MT Højgaard Holding is selling its last business activity in Greenland, the technical contracting and service company Arssarnerit, with the sale expected to complete in Q2 2026, pending competition authority approval [1]. Group 1: Sale Details - The buyer, VVS & El Firmaet A/S, will acquire all activities of Arssarnerit, including operating assets, inventory, ongoing projects, employees, and guarantees for completed projects up to a certain limit [2]. - The sale price corresponds to the book value of the sold assets and liabilities [2]. Group 2: Strategic Focus - Prior to this agreement, MT Højgaard Holding divested its HVAC service business and all activities outside Nuuk to concentrate Arssarnerit on its core technical contracting activities in the Nuuk area [3]. - The sale of Arssarnerit marks the final step in winding down MT Højgaard Holding's international operations, which began in October 2023, leaving only minor operating assets in Greenland [4]. Group 3: Financial Outlook - The agreement does not impact MT Højgaard Holding's 2025 outlook, which remains unchanged with expected revenue between DKK 10-10.5 billion and an operating profit (EBIT) of DKK 400-450 million [5].