MT Højgaard Holding (MTHH) Q4 2024 earnings summary

Executive summary

• Achieved profitable growth for the sixth consecutive year, surpassing original 2024 expectations.

• Revenue increased 9% year-over-year to DKK 10,682 million; EBIT rose 25% to DKK 486 million.

• Strong performance in MT Højgaard Danmark and Property Development; international wind-down intensified.

• Board proposes a dividend of DKK 6.5 per share.

Financial highlights

• EBIT margin improved to 4.5% in 2024 from 4.0% in 2023.

• Net result from continuing operations increased to DKK 357 million; total net result at DKK 104 million.

• Cash flow from operations dropped sharply to DKK 25 million from DKK 793 million in 2023.

• Return on invested capital (ROIC) surged to 56.6% from 32.2% year-over-year.

Outlook and guidance

• 2025 revenue expected at DKK 10.0–10.5 billion; EBIT guidance at DKK 400–450 million.

• Lower one-off income anticipated in 2025; ongoing projects expected to show stable development.