MT Højgaard Holding A/S: Consolidation creates a strong foundation

Full-Year Results - The MT Højgaard Holding Group achieved stable operations and production in 2025, aligning with full-year expectations [1] Order Intake and Order Portfolio - In 2025, order intake increased due to improvements in both business units and across the Group's strategic focus areas, covering a range from small tasks to large, complex projects [2] - The total order book rose by 24% to a record DKK 24.2 billion, consisting of final unconditional orders worth DKK 11.9 billion, awarded but not yet contracted orders of DKK 8.5 billion, future projects valued at DKK 3.3 billion, and joint ventures worth DKK 0.5 billion [7] Financial Performance - Revenue decreased by 4% to DKK 10.2 billion, below expectations of DKK 10-10.5 billion, primarily due to the completion of major projects and low revenue from new multi-year projects [7] - Operating profit (EBIT) fell by 12% to DKK 429 million, with stable earnings from ongoing projects, influenced by one-time profits from land sales in 2024 [7] - Profit after tax from continuing operations was DKK 313 million, down from DKK 357 million in 2024, while net profit increased by 42% to DKK 268 million due to reduced losses in discontinued operations [7] - Cash flows from operating activities improved significantly to an inflow of DKK 181 million, compared to DKK 25 million in 2024 [7] Outlook for 2026 - The Group anticipates revenue and operating profit in 2026 to be on par with 2025 results, as several large phased projects will only contribute significantly from 2027-28 [3] - The Board of Directors proposed a dividend of DKK 10 per share, representing 29% of the annual profit, reflecting strong performance and improved solvency [7] Strategic Focus - The company concluded its "Building on" strategy with solid organic growth and portfolio adjustments, aiming to continue building from 2026 to 2028 while capitalizing on market opportunities [4]