Q4 sales grew by 45%, with double digit growth coming from all segments except Scandi Byg, leading to reported sales of DKK 2.111m, beating ABGSCe by 10%. EBIT b.s.i also improved materially in Q4, beating ABGSCe by 27%.
Updated guidance reflects better insight into FY’22
FY'22 guidance has been updated from the previous preliminary FY'22 guidance. MTHH now expects FY'22 revenues of DKK 8-8.2bn up from previous DKK +8bn (ABGSCe 7.9bn) and EBIT b.s.i of DKK 250-275m down from previous DKK ~280m (ABGSCe 280m). The EBIT guidance downgrade is driven by ~10m negative adjustment related to the selloff of Ajos in December and a better insight regarding potential cost increases going into FY'22.
Well positioned going into FY’22 – focus is on execution
From speaking with the CFO, we understand that the company is continuing to see a good momentum in terms of progressing on current activities. Overall, with continued momentum and a strong orderbook going into FY’22, the scene is set for the company to continue to prove its ability to execute.
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