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Monberg & Thorsen A/S (MTb.CO)

MTb.CO on Copenhagen Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Højgaard Holding: MT Højgaard Q4 EBIT swings to profit DKK 96 mln
Thursday, 16 Feb 2017 09:20am EST 

Hoejgaard Holding A/S : MT Højgaard FY revenue 6.80 billion Danish crowns ($973.95 million) versus 6.53 billion crowns year ago . MT Højgaard FY EBIT 72.8 million crowns versus 351.5 million crowns year ago . Sees revenue around 7.2 billion crowns in 2017 . Sees EBIT of 150-200 million crowns in 2017 . MT Højgaard Q4 revenue 2.09 billion crowns versus 1.75 billion crowns year ago . MT Højgaard Q4 EBIT 96 million crowns versus loss 110 million crowns year ago .MT Højgaard proposes no dividend for 2016.  Full Article

MT Højgaard Q2 EBIT swings to loss, 2016 outlook cut
Friday, 19 Aug 2016 08:35am EDT 

Monberg & Thorsen A/S : MT Højgaard Q2 revenue 1.61 billion Danish crowns ($243.45 million) versus 1.60 billion crowns year ago . MT Højgaard Q2 EBIT loss 5 million crowns versus profit 72 million crowns year ago . MT Højgaard Q2 order intake 2.55 billion crowns versus 2.17 billion crowns year ago . MT Højgaard outlook for 2016 lowered . MT Højgaard 2016 revenue guidance lowered to 6.8 billion crowns from 7.0 billion crowns .MT Højgaard 2016 operating profit ex. items lowered to about 225 million crowns from 300 million crowns.  Full Article

Hoejgaard Holding: MT Højgaard selected for Swedish bridge project
Friday, 19 Aug 2016 02:13am EDT 

Hoejgaard Holding A/S : Says MT Højgaard has been selected for major Swedish bridge project . MT Højgaard's share of contract is worth 591 million Swedish crowns . MT Højgaard to build Hisingsbron bridge across Göta Älv in Gothenburg .For 2016, in addition to share of 54 pct in MT Højgaard profit after tax and minority interests, Højgaard Holding group still expects small positive result before tax.  Full Article

Explorations to merge Højgaard Holding A/S and Monberg & Thorsen A/S abandoned
Thursday, 18 Aug 2016 08:00pm EDT 

Hoejgaard Holding A/S : Explorations to merge Højgaard Holding A/S and Monberg & Thorsen A/S abandoned .It has not been possible to come to an agreement on the minority rights in relation to the possible group’s activities and composition.  Full Article

Monberg & Thorsen: chairman sells DKK 1.1 mln worth of its shares
Friday, 20 May 2016 08:44am EDT 

Monberg & Thorsen A/S :Chairman Niels Lykke Graugaard sells 3,149 shares with market value of 1.1 million Danish crowns ($166,020).  Full Article

MT Højgaard Q1 EBIT swings to loss DKK 14 million
Wednesday, 11 May 2016 08:44am EDT 

Hoejgaard Holding A/S : MT Højgaard Q1 revenue 1.49 billion Danish crowns ($228.50 million) versus 1.66 billion crowns year ago . MT Højgaard Q1 EBIT loss 14 million crowns versus profit 50 million crowns year ago .Outlook for 2016 reaffirmed.  Full Article

Monberg & Thorsen hires Lars Goldschmidt as CEO
Wednesday, 6 Apr 2016 08:00pm EDT 

Monberg & Thorsen A/S:Says at the first Board Meeting after AGM, it has been decided to hire Lars Goldschmidt as CEO of Monberg & Thorsen A/S with effect from April 16.  Full Article

Potential merger between Højgaard Holding and Monberg & Thorsen
Thursday, 25 Feb 2016 08:30am EST 

Hoejgaard Holding A/S:Possibilities of a merger between Højgaard Holding and Monberg & Thorsen A/S to be explored‍​.Says it is not possible to further particularize final arrangement or estimate when result of exploration may be expected.Merger is not expected to be possible until the spring of 2017.Sees merger between parties to result in simplification of owner structure of MT Højgaard A/S and ensure better access to the capital markets for the company.  Full Article

Monberg & Thorsen MT Højgaard to build housing in Aarhus
Monday, 15 Feb 2016 07:46am EST 

Monberg & Thorsen A/S:Kilden & Mortensen have entrusted MT Højgaard with the contract were 251 housing units and a number of activity centres will be built in a central location on the vibrant Aarhus waterfront‍.Contracts worth is in excess of 500 million Danish crowns.For 2015 the Højgaard Holding group still expects a small positive result before tax​.  Full Article

Monberg & Thorsen: Supreme Court approves appeal of old dispute
Friday, 27 Nov 2015 10:10am EST 

Monberg & Thorsen A/S:Says Supreme Court has approved the opposing party’s application to appeal against a ruling in favour of MT Højgaard from April 2015 regarding an old offshore dispute.Supreme Court announced court’s rejection earlier this month of the desired appeal regarding offshore windfarm Robin Rigg has been withdrawn.Group expects a final decision no earlier than in 2016.As a consequence of court’s decision, group re-recognises provision of 195 million Danish crowns ($27.66 million) as a loss debited under special items.Special items is now expected to amount to 0 crowns in 2015 against previous guidance of an income of 195 million crowns.Financial guidance for FY 2015 is not affected.  Full Article

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