Q2 2026 Per Aarsleff Holding A/S Earnings Call Transcript
Key Points
- Per Aarsleff Holding AS (STU:PE9) reported a turnover of DKK12.2 billion, marking a growth of approximately 14% compared to the same period last year.
- The company experienced high activity levels in the construction and technical solutions segments, driven by large infrastructure projects and the green transition markets.
- The acquisition of CGNS and Asabella Knusen has been approved, which is expected to contribute to future growth.
- The pipe technologies segment reported a revenue increase of 17% compared to the same period last year, with an EBIT margin of 8.6%, indicating strong performance.
- Order backlog remains robust at DKK26.5 billion, reflecting a strong pipeline of future projects.
- The EBIT margin for the construction segment decreased slightly to 3.7% compared to the same period last year, indicating pressure on profitability.
- The ground engineering segment continues to face challenging market conditions, particularly in Denmark and Germany, with a relatively low demand for precast concrete piles.
- Depreciation, amortization, and impairments increased by 29% year-on-year in Q2, impacting financial results.
- The company anticipates a dilution in EBIT percentage due to the recent acquisitions, which will affect profitability over the next 18 months.
- Energy price increases, particularly in fuel, are expected to impact costs, although the company expects to mitigate this through contract indexation over time.
Welcome and thank you for joining this Per Aarsleff Holding Q2 conference call. With me today I have CEO Jesper Christian Jakobsen; and Group CFO Morgens Hestabaek. After the presentation we will continue to the Q&A session where all speakers will be available for questions. Today's Q&A session will be conducted by phone.
(Operator Instructions)
The conference call will be recorded and published on auslift.com. This call is scheduled to last 45 minutes. Please be aware that the presentation contains forward-looking statements subject to uncertainties.
Over to you, Jesper.
/-
Thank you. And on behalf of Morgens and myself, welcome to all of you to this half-year presentation for the financial year '25, '26. Overall figures turnover DKK12.2 billion dailies, a growth of approximately 14% compared to the same period last year. And EBITA of exactly DKK500 million [half a billion] compared to 4.1%. So an absolute amount, an
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