Per Aarsleff A/S
Aarsleff wins project management contract in Ethiopia

Per Aarsleff A/S 

29.10.2014 09:55

Dissemination of a Adhoc News, transmitted by DGAP - a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.

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Copenhagen, 2014-10-29 09:55 CET (GLOBE NEWSWIRE) -- With reference to the
article in the Danish newspaper Børsen of today 29 October 2014, we wish to
specify the following: 

Per Aarsleff A/S has entered into a contract with the Turkish company Yapi
Merkezi Insaat ve Sanayi A.S. for the execution of part of a large railway
project in Ethiopia. 

Aarsleff's project management contract comprises planning, logistics,
procurement and inspection on a stretch of the 400 kilometre-long railway
section between the towns of Awash and Weldia. 

The project will be constructed over the next 30 months. Denmark's Export
Credit Agency, EKF, is involved in the financing of the project. 

Aarsleff's contract deviates from usual construction contracts in that it
comprises supply of goods and project management without the usual
responsibility for the completed structures. 

This means that the activities involve a reduced risk and consequently reduced
profit compared to the usual contracting activities in which the company
engages. 

The scope of the activities, referred to in the article as 75% of DKK 1.1
billion, will thus have a limited earnings impact. 



Further information:
General Manager Ebbe Malte Iversen, Per Aarsleff A/S, tel. +45 8744 2222
News Source: NASDAQ OMX



29.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Per Aarsleff A/S
              
               
              Denmark
Phone:        
Fax:          
E-mail:       
Internet:     
ISIN:         DK0010243450
WKN:          
 
End of Announcement                             DGAP News-Service
 
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