New strategy of Grontmij: 'Back on Track' - Focus on restructuring and realising profitable organic growth
(Thomson Reuters ONE) -
De Bilt, 9 March 2012 - Grontmij N.V. today announces its new strategy: 'Back on
Track'. The new strategy for the period up to 2015 will focus on two pillars:
restructuring and realising profitable organic growth. The emphasis in 2012 will
be on restructuring. In the period 2013-2015 there will be greater focus on
realising profitable organic growth. Based on these two pillars, Grontmij has
set new ambitious but realistic financial goals.
This is the outcome of an extensive strategic review Grontmij has conducted in
recent months. 'Back on Track', the new strategy for the period 2012-2015, is
clearly inspired by the country operations to take advantage of the
opportunities in the European markets.
Highlights of the new 'Back on Track' strategy of Grontmij:
* Focus on Europe: engineering consultancy market is expected to follow its
long-term, above-GDP growth trend
* Restructuring in 2012 to achieve cost improvements, operational excellence
improvements, to do selected divestments and to strengthen governance and
controls
* Position Grontmij to realise profitable organic growth, and untap the
national and crossborder possibilities of five selected Group growth
activities:
o Energy (business line Water & Energy)
o Highways & roads (business line Transportation & Mobility)
o Light rail (business line Transportation & Mobility)
o Sustainable buildings (business line Planning & Design)
o Monitoring & Asset management (business line Monitoring & Testing)
* A set of ambitious and at the same time realistic financial goals:
o Organic revenue growth target of 3 - 5% per year with 2012 as base year
o EBITA target margin of 6 - 8% on total revenue in 2015
o Trade Working Capital (TWC) ratio target of maximum 15% of total revenue
by the end of 2013
To the website grontmij.com for the full press release
Note to editors
Grontmij is the third largest engineering consultancy in Europe with nearly
10,000 professionals. At the heart of our business is the sustainability by
design principle. It is a leading value proposition for our customers delivered
by four business lines: Planning & Design, Transportation & Mobility, Water &
Energy, Monitoring & Testing.
Press release - New strategy of Grontmij: 'Back on Track':
http://hugin.info/143540/R/1592724/500958.pdf
This announcement is distributed by Thomson Reuters on behalf of
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: GRONTMIJ N.V. via Thomson Reuters ONE
[HUG#1592724]
Unternehmensinformation / Kurzprofil:
Datum: 09.03.2012 - 07:06 Uhr
Sprache: Deutsch
News-ID 123209
Anzahl Zeichen: 3194
contact information:
Town:
DE BILT
Kategorie:
Business News
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