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MT Højgaard Holding
MT Højgaard Holding (MTHH) investor relations material
MT Højgaard Holding Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary12 Nov, 2025
Executive summary
Revenue and operating profit in Q3 2025 were slightly lower year-over-year, aligning with full-year expectations, while net profit increased due to lower financial expenses and reduced losses from discontinued international activities.
Strategic consolidation continued, including the integration of MT Højgaard Property Development and winding up of international operations, notably in Greenland.
The order portfolio expanded, with significant new contracts in civil engineering, infrastructure, and refurbishment.
Financial highlights
Q3 2025 revenue: DKK 2,397 million, down 7% from Q3 2024; YTD revenue: DKK 7,697 million, up 2% year-over-year.
Q3 2025 EBIT: DKK 110 million (down 13% year-over-year); YTD EBIT: DKK 309 million (down from DKK 345 million).
Q3 2025 net profit: DKK 71 million (up from DKK 59 million); YTD net profit: DKK 196 million (up from DKK 114 million).
Cash flows from operating activities improved to DKK 151 million YTD (from an outflow of DKK 216 million).
Net interest-bearing deposit: DKK 335 million at period end.
Outlook and guidance
2025 revenue expected at DKK 10.0–10.5 billion; EBIT guidance unchanged at DKK 400–450 million (2024: DKK 486 million).
Non-recurring income, especially from land sales, expected to be significantly lower than last year.
Losses from discontinued operations anticipated to be much lower than in 2024.
High order coverage supports outlook, with 98% of expected 2025 revenue already contracted.
Remaining exposure to discontinued operations
Order book phasing impact on future revenue
Non-recurring income impact on 2025 EBIT
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Next MT Højgaard Holding earnings date
Q4 202520 Feb, 2026
MT Højgaard Holding
Next MT Højgaard Holding earnings date
Q4 202520 Feb, 2026
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Frequently asked questions
MT Højgaard Holding A/S is a Denmark-based construction and civil engineering company. It operates through a range of subsidiaries that focus on large-scale infrastructure projects, including the construction of buildings, bridges, roads, and tunnels. The company provides services in the development, design, and construction of commercial, residential, and industrial properties, as well as urban development projects. MT Højgaard Holding also engages in renovation projects and offers expertise in sustainability and energy-efficient solutions. Its operations span various sectors, such as transport, energy, and utilities. The company is headquartered in Søborg, Denmark, and its shares are listed on the Copenhagen Stock Exchange.
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