MT Højgaard Holding: Finally decides to divest Scandi Byg

MTHH has decided to initiate a sales process for Scandi Byg

Market has increasingly been questioning its fit within MTHH

Today's announcement should therefore be well received


Interesting profile but volatile performance has been a drag

MT Højgaard Holding (MTHH) has today announced that the company's board of directors has decided to initiate a sales process for Scandi Byg. Scandi Byg was acquired by MTHH's predecessor company Højgaard & Schultz back in 1984 and has a long-standing legacy within MTTH. While having an interesting strategic profile as a front-runner within sustainable, modular wood-based buildings, Scandi Byg's financial development during the past 7-8 has been volatile (see chart) below and despite comprising only ~5% of group sales, the volatile performance has during the past many quarters been a drag on the otherwise healthy performance of the group. This has also prompted the market (investors, analysts, etc.) to question whether Scandi Byg continues to be a right fit for MTHH. As such today's announcement should be interpreted positively by the market.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/mt-hojgaard-holding/Equity-research/2022/12/mt-hojgaard-holding---finally-decides-to-divest-scandi-byg/