1/1 – 30/6 2007
Sustained satisfactory earnings performance
- First-half revenue was DKK 5.4 billion, down 9% on the same period last year.
- The result before tax for the first half of 2008 was a profit of DKK 176 million, up DKK 73 million on last year, despite the decline in the level of activity. The pre-tax margin was 3.3% compared with 1.7% for the first half of 2007.
- The first-half 2008 results benefited from a satisfactory performance by the parent company, with the business areas and business units realising profits matching expectations. The subsidiaries also delivered satisfactory results, albeit slightly lower than last year.
- Operating activities generated an inflow of DKK 354 million, a substantial improvement of DKK 464 million on the first half of 2007.
Outlook for 2008 reaffirmed
- The order book stood at DKK 10.7 billion at the end of the second quarter, on a par with the start-of-year order book.
- Full-year 2008 revenue is expected to amount to about DKK 11 billion, and pre-tax profit is expected to be in the region of DKK 300 million, affirming the outlook expressed in the 2007 annual report.
- The Group’s effective tax rate is expected to be on a par with the Danish tax rate.
