Per Aarsleff Holding A/S/€PAALB
1D1W1MYTD1Y5YMAX
Capital at risk
About Per Aarsleff Holding A/S
Per Aarsleff Holding A/S is a Danish company primarily engaged in the construction and civil engineering industry. It provides a wide range of services, including infrastructure projects, pipe renewal, and foundation engineering. Founded in 1947, the company has grown to become a significant player in the construction sector, specializing in complex, large-scale projects. Its headquarters are located in Aarhus, Denmark, and it operates internationally with a focus on Scandinavia and Northern Europe. The company’s strategic strengths include its technical expertise, extensive project management experience, and a diversified service portfolio focusing on both public and private sector clients.
- Ticker
- €PAALB
- Sector
- Industrials
- Primary listing
- XGAT
- Employees
- 9,371
- Headquarters
- Viby J, Denmark
- Website
- www.aarsleff.com
PAALB Metrics
BasicAdvanced
€1.9B
14.72
€6.57
0.63
€1.61
1.66%
Price and volume
Market cap
€1.9B
Beta
0.63
52-week high
€121.00
52-week low
€94.00
Average daily volume
34K
Dividend rate
€1.61
Financial strength
Current ratio
1.313
Quick ratio
1.256
Long term debt to equity
0.479
Total debt to equity
0.557
Dividend payout ratio (TTM)
24.43%
Interest coverage (TTM)
17.19%
Profitability
EBITDA (TTM)
259.648
Gross margin (TTM)
11.93%
Net profit margin (TTM)
3.68%
Operating margin (TTM)
4.74%
Effective tax rate (TTM)
26.02%
Revenue per employee (TTM)
€357,160
Management effectiveness
Return on assets (TTM)
4.24%
Return on equity (TTM)
16.80%
Valuation
Price to earnings (TTM)
14.719
Price to revenue (TTM)
0.541
Price to book
2.34
Price to tangible book (TTM)
2.96
Price to free cash flow (TTM)
11.802
Free cash flow yield (TTM)
8.47%
Free cash flow per share (TTM)
8.189
Dividend yield (TTM)
1.66%
Forward dividend yield
1.66%
Growth
Revenue change (TTM)
13.59%
Earnings per share change (TTM)
12.67%
3-year revenue growth (CAGR)
5.94%
10-year revenue growth (CAGR)
9.23%
3-year earnings per share growth (CAGR)
10.85%
10-year earnings per share growth (CAGR)
11.59%
3-year dividend per share growth (CAGR)
14.47%
10-year dividend per share growth (CAGR)
14.87%
Bulls say / Bears say
Trading is growing strongly: nine-month revenue rose 14.4% to DKK 18.9bn, EBIT increased to DKK 842m and operating cash flow reached DKK 1.16bn. Management maintained its forecast for 12–15% revenue growth and a 5.0–5.3% EBIT margin. (Per Aarsleff)
The order pipeline gives the business useful revenue visibility. The order backlog reached a record DKK 28.1bn, while nine-month order intake was about DKK 20.6bn, with strength across most segments. (Simply Wall St, Per Aarsleff)
Aarsleff is positioned to benefit from long-term energy and infrastructure spending. Its DKK 3.7bn Bornholm Energy Island contract covers major grid facilities linking offshore wind power to Denmark and Germany, while recent acquisitions support expansion in Denmark and North American trenchless pipe rehabilitation. (Per Aarsleff, Per Aarsleff)
The group’s nine-month EBIT margin was 4.5%, below the 5.0–5.3% full-year target. Ground Engineering was particularly weak at a 1.3% margin, and its expected full-year margin range was reduced. (Per Aarsleff, Economic Ugebrev)
Higher oil prices are raising costs faster than the group can fully pass them on to customers. Management therefore cut the top of its expected EBIT-margin range to 5.3% from 5.5%, leaving less room for operational setbacks. (Per Aarsleff, Per Aarsleff)
Large, complex projects can create uneven earnings and cash flow. The company identifies Fehmarnbelt as its largest one-off project and says its size and complexity create a wide range of possible final outcomes. (Per Aarsleff)
Data summarised monthly by Lightyear AI. Last updated on 22 Sept 2026.
PAALB Financial Performance
Revenues and expenses
PAALB Earnings Performance
Company profitability
Upcoming events
No upcoming events
Funds containing PAALB
AllGBPUSDEUR
Fund name | Fund size | €PAALB weighting |
|---|---|---|
Vanguard ESG Global All Cap£V3AB | £905M | 0.00% |
Vanguard FTSE Global All-cap$VALU | $199M | 0.00% |
Vanguard FTSE Global All-cap€VGLA | €171M | 0.00% |
Vanguard FTSE Global All-cap£VALL | £147M | 0.00% |
Vanguard ESG Global All Cap€V3AA | €1.1B | 0.00% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.