Imtech trading update: further growth in order book; maintaining EBITA growth outlook
(Thomson Reuters ONE) -
Gouda - Imtech (technical services provider in Europe) experienced further
growth in its order book in the first quarter of 2010 compared to the
corresponding period last year. Imtech maintains its full-year outlook for 2010
and expects a further increase in EBITA through organic growth and acquisitions.
René van der Bruggen, CEO Imtech: 'In the first months of 2010, Imtech's order
book, just as it did in 2009, exhibited a positive trend in almost all
activities of our European divisions and on the global maritime market. The
market conditions remain challenging. Not only due to the economic crisis, but
also due to the lengthy and severe period of frost at the beginning of the year
which impacted a part of our activities. In spite of these circumstances, our
performance remains at a good level. Furthermore, the financial position is
solid. Imtech is maintaining its outlook for a further increase in EBITA in
2010 and also our long-term growth targets for 2012.'
Positive order book trend
Imtech continues to perform extremely well in Germany, particularly in the
energy and care markets. Solid progress is also being made in the data centre
market, the pharmaceutical industry, on airports and in the automotive industry.
There is a sizeable workflow in East Europe partly due to orders for high-tech
solutions in various stadiums for the 2012 European Football Championships. The
infrastructure market in the Benelux is improving partly due to increasing
government investments. In the buildings market there is limited market volume
and intensive competition. Maintenance and especially energy-related projects
('green' buildings, power plants, bio-energy) and ('green') data centres are
providing a certain level of compensation. The industrial market in the Benelux
is somewhat improving, but is remaining competitive. Market conditions in the UK
remain challenging. Substantial orders were recently acquired for technological
solutions for sustainable water and wastewater assets in the Thames region in
London. Together with long-term orders for the Olympic Games (including
sustainable technology for the new Olympic stadium) this results in a healthy
order book. In Spain, industrial activities are well on course and the position
on the building (maintenance) market remains at a reasonable level, although
this market cannot be characterised as 'easy'. Various large orders were
acquired in the Nordic region (Sweden, Norway and Finland), for example for the
technology required for a research facility in an agricultural university. The
position on the sprinkler technology market was reinforced with an add-on
acquisition. Imtech is well on course in the Nordic region. Imtech is seeing the
first signs of recovery on the European ICT market, particularly in Germany and
Austria. The European traffic market (technical mobility solutions) is showing
clear growth. Imtech recently acquired orders for dynamic traffic signalling and
control systems and the technological renovation of a traffic control centre in
the Netherlands, and for high-tech communication systems along motorways in the
UK. Maritime activities stayed reasonable up to level, in part due to ongoing
orders for technology on aircraft carriers of the Royal Navy, in cruise ships,
luxurious (mega) yachts and in the slowly improving oil and gas market.
Furthermore, there is an increasing demand for 'green' ships.
Solid financial position
Imtech's financial position is solid and remains well within the covenants as
agreed with the banks.
Maintaining outlook and long-term growth target
According to its current views Imtech expects a further increase in EBITA in
2010 through organic growth and acquisitions. Imtech is keeping fully in place
its long-term strategic plan for achieving 2012 revenues of 5 billion euro
(2009: more than 4.3 billion euro) while maintaining an operational EBITA margin
target of 6% (2009: 5.8%).
Financial Agenda
* 3 August 2010: 2010 Half-yearly figures 2010
* 26 October 2010: Trading update third quarter 2010
* 15 February 2011: Annual figures 2010
More information
Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Manager Corporate Communications Manager Investor Relations
T: +31 655 74 65 85 T: +31 182 54 35 04
E: pieter.koenders(at)imtech.eu E: jeroen.leenaers(at)imtech.eu
www.imtech.eu
Imtech profile
Imtech N.V. is a European technical services provider in the fields of
electrical engineering, ICT and mechanical engineering. With approximately
23,000 employees, Imtech achieves annual revenue of more then 4.3 billion euro.
Imtech holds strong positions in the buildings, industry and
infrastructure/traffic markets in the Netherlands, Belgium, Luxembourg, Germany,
Eastern Europe, Nordic, the UK, Ireland and Spain and in the global marine
market. In total Imtech serves 20,000 customers. Imtech offers added value in
the form of integrated and multidisciplinary total solutions that lead to better
business processes and more efficiency for customers and the customers they, in
their turn, serve. Imtech also offers solutions that contribute towards a
sustainable society, for example in the areas of energy, the environment, water
and mobility. Imtech shares are listed on the Euronext Stock Exchange Amsterdam,
where Imtech is included in the Midkap Index. Imtech shares are also included in
the Dow Jones STOXX 600 index.
[HUG#1407902]
pdf version press release: http://hugin.info/130755/R/1407902/360799.pdf
Unternehmensinformation / Kurzprofil:
Datum: 26.04.2010 - 07:00 Uhr
Sprache: Deutsch
News-ID 19619
Anzahl Zeichen: 0
contact information:
Town:
Gouda
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 250 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Imtech trading update: further growth in order book; maintaining EBITA growth outlook"
steht unter der journalistisch-redaktionellen Verantwortung von
Imtech N.V. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
