MT Højgaard changes its outlook for 2011

Despite a generally stable development in activities, the Group's profit outlook for 2011 must be adjusted after the latest assessments of particular projects.

Most of the Group's activities proceed in accordance with previously published outlook. However, the latest assessments of particular projects mean that at present a consolidated pre-tax loss with at pre-tax margin around 0 to -1% must be expected instead of the previously expected pre-tax margin around 1%. Especially bridge projects in Sweden and the completion of a water power plant in Panama have influenced the adjustment.

The previously announced revenue expectation of approx. DKK 9.5 billion is maintained.

The Group's interim report for the first three quarters of 2011 will be published on 22 November 2011.