Per Aarsleff Holding Earnings Call Transcripts
Fiscal Year 2026
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Q1 saw 12% revenue growth and a record order backlog, with strong performance in most segments and major acquisitions expanding capacity and competencies. Guidance is unchanged, and management expects margin improvements in new acquisitions within a few years.
Fiscal Year 2025
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Turnover rose 4% to DKK 22.6 billion with EBIT up to DKK 1.177 billion (5.2% margin). Order backlog and intake reached record highs, and guidance for 2025/26 anticipates 6%-11% revenue growth. Ground engineering remains the most uncertain segment.
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Revenue and EBIT for the first nine months met expectations, with strong performance in Construction, Technical Solutions, and Pipe Technologies. Ground Engineering faced challenges from low demand and project delays but is expected to improve in Q4. Order backlog and pipeline remain robust.
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Turnover grew 3% to DKK 10.8 billion with EBIT margin steady at 4.3%. Order backlog reached a record DKK 25.2 billion, and full-year guidance was raised on strong infrastructure and energy transition demand. Ground engineering remains a risk due to project delays.
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Q1 saw 4% revenue growth and stable EBIT margin, with strong performance in pipe technologies and technical solutions, but ground engineering lagged due to low demand and project delays. Guidance for the year is unchanged, and the order pipeline remains robust, especially in energy and infrastructure.