MT Højgaard Holding: Last quarter with International dragging down earnings - ABG

Revenues and EBIT of Danish operations growth by 23% and 89%
Delays meant that order intake dropped by 56%
Focus on profitable growth going forward


Final quarter including international operations

MT Højgaard Holding (MTHH) has today released its Q3'23 earnings report as well as hosted a conference call. Q3'23 will be the last quarter to include the results from the International division. MTHH has decided to keep its harbour operations in the Maldives (harbour is a legacy competence of the firm) and the technical installation business in Greenland, the management of which will be handled by MTH Denmark. The company has not disclosed the amount of sales and earnings pertaining to these to units.

Länk till analysen i sin helhet: https://cr.abgsc.com/foretag/mt-hojgaard-holding/Equity-research/2023/11/mt-hojgaard-holding---last-quarter-with-international-dragging-down-earnings/