MTH GROUP: Scandi Byg to construct refugee housing in Germany

Scandi Byg, a subsidiary of the MT Højgaard Group, has entered into a contract for about DKK 40 million to construct housing and other facilities in the Hamburg area for up to 360 refugees.

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The project involves 5,600 m2 in modular units. The modules for the new refugee centre will be manufactured at Scandi Byg in Løgstør, Denmark, and shipped by road to Hamburg for on-site assembly and preparation.

The contract is signed with the German business partner, Campus 360, who over the next four years expects to win contracts for buildings with a total floorage of as much as 140,000 m2. The parties have made no binding agreement for the production of these buildings.

Having previously carried out similar assignments, Scandi Byg has extensive experience in the rapid production and construction of buildings at attractive prices. In the 1990s, Scandi Byg set up more than 100,000 m2 of buildings in Denmark for refugees from the then ongoing conflict in the Balkan region.

The contract with Campus 360 will not affect the company’s current financial guidance for 2015. Forward-looking statements are inherently subject to risk and uncertainty which may cause actual developments to differ materially from the guidance provided.

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