MT Højgaard Holding - FY’22 guidance reiterated - ABG

Q1’22 revenues up 25% (ABGSCe 33%) Strong order intake, despite volatile environment Diversified order backlog provide comfort Continued EBIT improvements in Q1 Q1 saw revenues of DKK 1888m (-8% vs. ABGSCe at DKK 2063m), gross profit of DKK 127m (-28% vs. ABGSCe at DKK 177m), EBIT (b.s.i) of DKK 31m (-54% vs. ABGSCe at DKK 68m) and order intakes of DKK 1923m (-7% vs. ABGSCe at DKK 2063m). The performance in Q1 shows a continued progress in improved sales and EBIT margin, which is up 0.6pp y-o-y, reaching 1.6%. FY’22 guidance reiterated FY’22 guidance is reiterated at revenues of DKK 8.0-8.2bn (ABGSCe 8.094) and EBIT (b.s.i) of DKK 250-275m (ABGSCe 256m). This is with the note that the negative pressure seen from external price increases and supply disruptions is increasing. However, we note that the company are continuing to deliver on, ongoing projects and are seeing solid order intakes as well. Volatile macro environment increases uncertainties With the ongoing risk associated with the volatility seen from the macro environment, we find comfort in the fact that MTHH has a diversified backlog, no cancelled orders as of yet and a solid pipeline of new orders to be won throughout the year. Läs mer på ABG Sundal Collier

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