Satisfactory result achieved in first half year (H1) despite the difficult economic environment.
The order book has been strengthened as many new landmark projects have been won.
A strong financial position makes us well positioned to pursue our strategy for growth.
Gross revenue of DKK 3,030 million was 7% higher than H1 2009.
Growth from acquisitions was 2% and foreign exchange effect was 5%.
Operating profit before amortisation (EBITA ) of DKK 200 million was 13% higher than H1 2009.
EBITA margin was 6.6% compared to 6.3% in H1 2009.
Profit before tax of DKK 145 million was 18% higher than H1 2009.
Number of employees of 8,747 was in line with headcount at H1 2009 (8,763).
Cash conversion was 101% compared to 46% in H1 2009.
Total equity was DKK 1.2 billion, leading to an equity ratio of 36%.
Order book increased to DKK 2.7 billion from DKK 2.4 billion at year-end 2009.
Major new wins in H1 include Pulkovo Airport, Niels Bohr Science Park and a new 5 year framework agreement for the African Telecom market.