Heijmans interim report: integrated projects contributing positively to results
(Thomson Reuters ONE) -
Financial position remains strong; solvency ratio 31%
Highlights:
Net profit ? 4 million, underlying operating profit ? 4 million;
· Turnover in the first half year stable at ? 1,064 million, compared to ?
1,084 million in first half 2011;
· Housing market remains poor: 400 homes sold in the first half, compared
with 638 in the first half of 2011;
· Stable result development at Roads & Civil and the Belgian Infra
activities in the first half. Residential Building results drop due to pressure
on margins;
· Orderbook stable at ? 2.2 billion (year-end 2011: ? 2.2 billion);
· Impact non-operational items: around ? 5 million positive.
Bert van der Els, chairman of the Executive Board Heijmans:
'Our integrated approach is one of the answers to difficult market
circumstances. This is where we are able to cash in on opportunities, such as
the realisation of the building, renovation, and maintenance of the Rotterdam
city office. We see opportunities in the market for large-scale integrated
projects, but the residential market remains poor. In order to move ahead we
will have to work on improving our operating processes in the coming years. To
this end, we are focusing on cost reductions, process improvements and margins
over volume. In addition, we will continue to build on our position in the three
markets Reside, Work and Connect via smart energy and smart mobility. Through
partnerships we aim at focused innovation to bring new products to the market.
In the past six months, Roads and Civil, as well as Belgium and Germany, have
booked stable results. The measures we introduced to improve the results at Non-
Residential are also beginning to bear fruit. Our orderbook remains stable in
both volume and quality. The operating result is in line with expectations and
confirms the prediction of a positive result for the second half of the year.
The challenge lies in picking up the pace."
About Heijmans
Heijmans is a listed company that combines activities related to property
development, residential building, non-residential, technical services and
infrastructure. Heijmans operates in the Netherlands, Belgium and Germany. Our
focus on an integrated approach and high quality execution creates added value
for our customers. Heijmans realises integrated projects for large customers,
such as companies and government bodies and homes for investors and consumers.
With over 8,000 employees and ? 2.4 billion in revenues in 2011, we are building
the spatial skylines of tomorrow. For more information, visit www.heijmans.nl.
For more information / not for publication :
Media:
Lonneke Wijnhoven
Director Communications
+31 73 543 52 17
lwijnhoven(at)heijmans.nl
Analysts:
Frank Heerens
Manager Investor Relations
+31 73 543 52 17
fheerens(at)heijmans.nl
full press release:
http://hugin.info/130707/R/1635440/525361.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Heijmans NV via Thomson Reuters ONE
[HUG#1635440]
Unternehmensinformation / Kurzprofil:
Datum: 22.08.2012 - 07:29 Uhr
Sprache: Deutsch
News-ID 176606
Anzahl Zeichen: 3796
contact information:
Town:
Rosmalen
Kategorie:
Business News
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