Partnerships in focus as clouds loom over industry The strong order intake boosted the company’s order book to a record high of DKK 12bn at the end of Q2’22. E&P (newbuilds, refurbishments and building) comprises 50% of the orderbook while MTH Denmark (Infrastructure) comprises 36%. We note that 45% of the order intake in H1’22 was generated through the company’s strategic partnership agreements, while in Q3’22, additional contracts valued at DKK 1.8bn were awarded by DSB (Danish railways, one of the strategic partners), validating the company’s partnership strategy. According to management, the contracts under the company’s partnership agreement de facto carry a lower risk and have lowered the company’s overall contract risk. While the proof is still in the pudding, the combination of overall lower risk combined with a record order book should, all else equal, prove advantageous to the company as it heads into what appears to be a challenging 2023 for the industry.
Strong quarter with growth of 27% Q222 revenues rose 27% to DKK 2,215m while EB ... Läs mer på ABG Sundal Collier
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