Interim Report for the period 1 October 2011-30 June 2012

8/29/2012 5:53 AM EST

Per Aarsleff A/S
Quarterly report

Interim Report for the period 1 October 2011-30 June 2012

Copenhagen, 2012-08-29 11:53 CEST (GLOBE NEWSWIRE) -- Today, the Board of
Directors of Per Aarsleff A/S has discussed and approved the interim report for
the first nine months of the financial year 2011/2012. The interim report has
not been audited or reviewed by the company’s auditor. 

Results of the first nine months:

  -- Profit before tax came to DKK 112 million compared to DKK 88 million in the
     same period last financial year.
  -- Consolidated revenue came to DKK 4,905 million.
  -- Construction reported profit before interest of DKK 67 million.
  -- Pipe Technologies reported profit before interest of DKK 46 million.
  -- Piling reported profit before interest of DKK 12 million.

Outlook for the financial year 2011/2012:

  -- The company now expects profit before tax of DKK 160 million for the
     financial year 2011/2012 compared to the previous estimate of DKK 180
     million. The downward adjustment is attributable to significantly more
     difficult conditions for some of Piling’s foreign activities than expected
     at the beginning of the financial year. The amount of the adjustment
     corresponds to a not forecasted impairment of land and buildings in
     Piling's UK-based subsidiary as a result of continued difficult operations.


         General Manager Ebbe Malte Iversen, Per Aarsleff A/S, tel. +45 8744
2222