MT Højgaard’s Thule activities to be scaled down

31. October 2014

Thule Air Base operations and maintenance contract to expire by 30 September 2015.

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As announced previously, Greenland Contractors I/S, 67% owned by MT Højgaard, took part in the tender for a new contract on operations and maintenance of the Thule Air Base in Greenland in the years to come. Today, we have received the information that another bidder will be awarded the contract.

During many years the cooperation with US Air Force has been excellent.

This announcement does not give rise to any changes to previously published expectations of the economic development for 2014 or the expectation of reaching an operating profit (EBIT) of 5% before the end of 2015.

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