Højgaard Holding adjusts expectations for 2012 downwards due to downward adjustment in MT Højgaard

1/22/2013 8:00 AM EST

Højgaard Holding A/S
Company Announcement

Højgaard Holding adjusts expectations for 2012 downwards due to downward
adjustment in MT Højgaard

As can be seen from the enclosed announcement from MT Højgaard, results will be
significantly lower than expected. A pre-tax margin of around -5% is now
expected compared to a previous outlook for a pre-tax margin of -2% in the
interim report for the third quarter 2012. 

Højgaard Holding A/S and Monberg & Thorsen A/S have therefore decided to
strengthen MT Højgaard’s capital base, liquidity and equity ratio by increasing
the share capital by DKK 300 million in total, of which Højgaard Holding’s
holding of 54% amounts to DKK 162 million. The capital will be increased by
means of cash payment. 

As a consequence of the downward adjustment, the Højgaard Holding group’s
earnings expectations for 2012 are adjusted accordingly. The Højgaard Holding
group thus now expects a pre-tax margin of around -5% compared to a previous
outlook for a pre-tax margin of -2% in the interim report for the third quarter
2012. Revenue for 2012 is still expected to be slightly higher than in 2011. 

As planned, the annual report will be made public on 5 March 2013.





Best regards,                                                             
Højgaard Holding A/S                                                      
Helge Israelsen                                           Ditlev Fløistrup
Chairman of the board                                    CEO              




         Contact: Helge Israelsen, chairman of the board, Højgaard Holding,
tel: +45 45201503