Final DKK 1.3bn order with Danish Railways booked in Q422
Following MTHH’s Q322 earnings report release last week, the company has participated at a speed-dating event hosted by ABGSC as well scheduled roadshow events. The key messages pertaining to the remainder of 2022e is that the company’s FY22 guidance (maintained alongside Q3 report) is particularly dependent on the booking of anticipated project sales in the Projektudvikling unit during Q4 which, however, may face the risk of being impacted by customer behavior and that the single largest remaining order in the DKK 1.6bn pool of awarded but not yet contracted orders, would be booked in Q422. The latter was realized earlier today with the company’s announcement of the DKK 1.32bn contract with the Danish Railways for the construction of the Aarhus train maintenance facility. We have already included a significant part of this order in our FY22 order intake forecast.
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