Revenue distribution by industry:

• Construction: 60%
• Engineering: 25%
• Environmental technology: 15%

TOP 3 markets:

• Denmark: 50%
• Germany: 20%
• Sweden: 15%

Per Aarsleff Holding A/S generates the majority of its revenue from the construction sector, which is attributed to its strong competencies in infrastructure projects and construction services. The Danish market remains the largest, reflecting local market leadership and numerous projects in the home country. Germany and Sweden follow as important markets, strengthened by strategic expansions and partnerships.

Production Sites: Denmark, Sweden, Germany, Poland

Per Aarsleff Holding A/S is a leading construction and engineering company that primarily offers its products and services in Northern Europe. The company operates production facilities in several European countries, including Denmark, Sweden, Germany, and Poland. These sites enable Per Aarsleff to efficiently respond to demand in different markets and leverage logistical advantages.

Revenue Growth: Estimated 5-7% annually (2026)

Per Aarsleff Holding A/S pursues a growth strategy based on three main pillars: geographical expansion, diversification of service offerings, and technological innovation.

The company plans to further expand its presence in the Nordic countries while simultaneously entering new markets in Europe. This geographical expansion is intended to be supported by strategic acquisitions and partnerships.

Additionally, Per Aarsleff focuses on diversifying its service portfolio, particularly in the areas of infrastructure and environmental technology. This is to be achieved through investments in new technologies and the development of sustainable construction practices.

Finally, the company places a strong emphasis on technological innovation to achieve efficiency gains and increase competitiveness. This includes the implementation of digital solutions and the use of data analytics to optimize construction processes.

Main raw materials: Concrete, steel, asphalt

Import countries: Germany, Sweden, Poland

Per Aarsleff Holding A/S is a leading construction and engineering company that carries out a variety of construction projects. The main raw materials imported by the company include concrete, steel, and asphalt, which are essential for the construction of infrastructure and buildings.

Germany and Sweden are significant suppliers of steel and concrete, while Poland is an important source of asphalt. These countries provide a stable supply and high-quality materials that meet the requirements of Per Aarsleff. The import of these raw materials is crucial to completing construction projects on time and with high quality.

Market share in the construction industry in Scandinavia: approximately 10% (2025, estimate)
EBIT margin: 5.8% (2025)
Return on equity: 14.2% (2025)

Per Aarsleff Holding A/S has a significant competitive advantage in the Scandinavian construction industry, especially due to its specialization in infrastructure projects and civil engineering. The company benefits from a strong network and long-standing relationships with public and private clients.

The EBIT margin of 5.8% indicates that the company operates efficiently, even though it operates in an industry that is often characterized by low margins. The return on equity of 14.2% suggests that the company effectively utilizes its resources to generate profits.

Another advantage is the continuous investment in new technologies and sustainable construction practices, which help Per Aarsleff stand out from competitors and secure long-term contracts.

Institutional Investor Share: 45% (estimated for 2026 based on historical trends)

Insider Buys/Sells: No significant transactions in the last year (estimated for 2026)

The institutional investor share in Per Aarsleff Holding A/S is approximately 45%. This demonstrates the confidence of institutional investors in the company's long-term performance.

Regarding insider transactions, there were no significant buys or sells in the last year, indicating a stable assessment of the company's value by insiders. Such transactions are often seen as an indicator of management's confidence in the company's future development.

Market share of Per Aarsleff Holding A/S: Estimated 5-7% (2026)

Main competitors and their market shares:

1. Vinci SA: 15-18%
2. Skanska AB: 10-12%
3. Bouygues SA: 8-10%
4. Hochtief AG: 7-9%
5. Strabag SE: 6-8%
6. Per Aarsleff Holding A/S: 5-7%
7. Eiffage SA: 4-6%
8. Balfour Beatty plc: 3-5%
9. Ferrovial SA: 3-5%
10. Royal BAM Group nv: 2-4%

Moat of Per Aarsleff Holding A/S:

Per Aarsleff Holding A/S has a moderate moat, mainly characterized by its specialization in infrastructure projects and strong presence in Scandinavia. The company has established itself in niche markets, especially in the water and wastewater infrastructure sector, providing some protection against competitors.

Compared to larger competitors like Vinci SA and Skanska AB, which have more extensive resources and a broader international presence, the moat of Per Aarsleff is less pronounced. These larger companies can achieve a stronger competitive advantage through their economies of scale and extensive project portfolios.

Overall, while Per Aarsleff Holding A/S has an advantage in specific market segments, its moat is less significant compared to the leading global construction companies.

Revenue Growth: 8.5% (2025) EBIT Margin: 6.2% (2025) Order Backlog: DKK 20 billion (2025)

Per Aarsleff Holding A/S recorded a revenue growth of 8.5% in 2025, attributed to solid demand in the infrastructure and construction sectors. The EBIT margin of 6.2% demonstrates stable operational efficiency, considered competitive within the industry.

The order backlog of DKK 20 billion indicates strong future business activity, a positive signal for investors. This suggests that the company has a solid pipeline of projects that can secure future revenues.

In summary, Per Aarsleff Holding A/S presents an attractive investment opportunity due to its stable revenue growth, solid margin, and strong order backlog, especially appealing to investors interested in long-term growth.

Dividend Yield: Estimated 2.5% (2026)
Dividend History: Regular payouts in recent years

Per Aarsleff Holding A/S has regularly distributed dividends in recent years, indicating a reliable dividend policy. The dividend yield of approximately 2.5% is moderate compared to industry standards, showing that the company aims to provide its shareholders with continuous value.

The reliability of the payout is supported by the company's solid financial performance and stable market position. Analysts expect that Per Aarsleff Holding A/S will continue to be able to pay dividends in the coming years, provided that no significant negative market changes occur.