Per Aarsleff
Logotype for Per Aarsleff Holding

Per Aarsleff (PAAL) investor relations material

Per Aarsleff Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Per Aarsleff Holding
Q1 2026 earnings summary24 Feb, 2026

Executive summary

  • Q1 2025/26 revenue reached DKK 6,180 million, up 11.9% year-over-year, with 7.4% organic growth and strong foreign operations performance.

  • EBIT was DKK 254 million (margin 4.1%), slightly up from DKK 239 million last year.

  • Order backlog hit an all-time high of DKK 28 billion, with order intake at DKK 7.8 billion.

  • Two significant acquisitions: 49.5% of LiquiForce in Canada and 100% of CG Jensen and Adserballe & Knudsen in Denmark, plus Styrud Ingenjörsfirma AB and Bøgelund VVS A/S.

  • Cash flow from operating activities was DKK 158 million, impacted by a DKK 248 million increase in working capital.

Financial highlights

  • Revenue up 11.9% year-over-year to DKK 6,180 million.

  • Net profit for the period was DKK 187 million, up from DKK 181 million year-over-year.

  • EPS increased to DKK 9.69 from DKK 9.33.

  • Gross margin was 11.4% (down from 11.8%), and ROIC after tax was 3.21%.

  • Order intake for the quarter was DKK 7,666 million.

Outlook and guidance

  • Full-year revenue growth expected at 6–11%, or DKK 24.0–25.1 billion.

  • EBIT margin guidance maintained at 5.0–5.5%.

  • 80% of expected full-year revenue is covered by the current order backlog.

  • Investments in property, plant, and equipment (excl. leases) expected at DKK 750–850 million.

Plan to mitigate working capital impact on cash
Bridge Q1 EBIT margin to full-year outlook
North American trenchless rehab market strategy
CG Jensen margin improvement timeline?
US market expansion investment needs?
Fehmarn Belt project margin impact?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next Per Aarsleff earnings date

Logotype for Per Aarsleff Holding
Q2 202628 May, 2026
Per Aarsleff
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next Per Aarsleff earnings date

Logotype for Per Aarsleff Holding
Q2 202628 May, 2026

The essential earnings season companion

The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Per Aarsleff Holding A/S is a Denmark-based infrastructure contractor, offering a wide range of construction and engineering services. The company operates through key segments: Construction, Ground Engineering, and Pipe Technologies. Its Construction division handles projects such as roads, bridges, tunnels, and energy supply systems. The Ground Engineering segment provides solutions including foundation work with precast concrete piles and geotechnical services. The Pipe Technologies segment specializes in trenchless pipe renewal, serving clients with infrastructure maintenance needs. Per Aarsleff is active in Denmark, the United Kingdom, Germany, Poland, Sweden, and other markets, with operations supported by various subsidiaries. The company is headquartered in Viby J, Denmark, and its shares are listed on the Copenhagen Stock Exchange.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage