MT Højgaard Holding: Novo order: likely above-average profitability - ABG

MTH shares (50/50) DKK 1.2bn prod. facility order from NovoLikely has above-average profitability......But also higher penalties if timelines are missedHybrid contract structureOn Friday MTH Holding announced that MTH Danmark has, in collaboration with Kemp & Lauritzen (a Danish technical installation company), entered into a contract with Novo Nordisk for the construction and expansion of production facility buildings at its Bagsværd headquarter. The contract, a 50/50 collaboration with K&L, will not be booked as a joint venture but will have normal P&L impact during the execution of the contract (from now until H2'24).Above-average profitabilityWe believe that this contract, given the client, is likely to have above-average profitability but will also be associated with higher penalties if timelines are not met. This contract is not included in our current forecasts but will only have an insignificant P&L impact in Q4'22, we expect.Läs mer på ABG Sundal Collier