COPENHAGEN: Largely due to winning a number of lucrative public contracts, the construction giant Per Aarsleff is witnessing a sharp rise in its share price, Børsen reports. The company’s publicly traded share price has rocketed in price by 430 percent since 2013 and 118 percent in the past half-year.
But Ebbe Malte Iversen, the head of Aarsleff, is understated in his appraisal of the share’s recent performance. “We can see indirectly that there’s been more interest in the stock in terms of it producing positive publicity and attention for the company,” he said.
Last week, the company made an upward adjustment to its expected result for 2015 following the reporting of a particularly successful half-year. Aarsleff now expects to make 390 million kroner before tax in its 2014/2015 financial year. On the same day the company announced that its consortium with Siemens had entered into a 2.8-billion-kroner contract with the railway operator Banedanmark to electrify 1,300 kilometres of the rail network.