Imtech: Reconfirmation Trading Update Q3 2012
(Thomson Reuters ONE) -
· Imtech remains within the covenants agreed with lenders
· Working capital objective remains unchanged between 6% and 6.5% at year-end
· Maintaining expected EBITA growth 2012, excluding reorganization provision
· Order book Q3 2012 increased by 12% to 6.4 billion euro
· Maintaining strategic growth plan 2015
Gouda - Royal Imtech NV (IM-AE, technical services provider in and outside
Europe) reconfirms its Trading Update Q3 2012. These following recent statements
in the media and the response on the stock exchange market.
René van der Bruggen, CEO Imtech: 'Imtech is on track for further growth,
despite difficult market conditions in a number of countries and markets.
Excluding a one-time provision of 50 million euro million for a reorganization
of the building activities in the Benelux, in Spain and a limited reorganization
of our maritime activities, Imtech maintains its statement for further EBITA
growth in 2012 compared to 2011 through a combination of organic growth and
acquisitions. The order book Q3 2012 increased by 12% to 6.4 billion euro (Q3
2011: 5.7 billion euro).'
'The financial position of Imtech is stable. The financial ratio remains within
the covenants agreed with lenders, which is the average net interest-bearing
debt divided by the EBITDA. The agreed rate is 3.0; in the first half of 2012
this ratio was 1.9. The working capital to revenue target remains unchanged
between 6% and 6.5% at year-end (2011: 5.6%).'
'Imtech's long-term strategic growth plan remains unchanged. This growth plan
foresees revenue of 8 billion euro in 2015 with an operational EBITA margin of
between 6% and 7%. This growth will be divided more or less equally between
organic growth and growth through acquisitions. Imtech has sufficient financial
means at its disposal to finance this growth. We are fully confident about the
future.'
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For more information
Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Director Group Communications Manager Investor Relations
T: +31 655 74 65 85 T: +31 182 543 504
E: pieter.koenders(at)imtech.com E: jeroen.leenaers(at)imtech.com
www.imtech.com www.imtech.com
Mark Salomons
General Counsel
T: +31 182 543 514
E: mark.salomons(at)imtech.com
www.imtech.com
Imtech profile
Royal Imtech N.V. is a European technical services provider in the fields of
electrical solutions, ICT (information and communication technology) and
mechanical solutions. With 29,000 employees, Imtech achieves annual revenue of
more than 5.1 billion euro. Imtech holds strong positions in the buildings and
industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria,
Eastern Europe, Sweden, Norway, Finland, the UK, Ireland, Turkey and Spain, the
European markets of ICT and Traffic as well as in the global marine market. In
total Imtech serves 23,000 customers. Imtech offers added value with 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 traffic. Imtech
shares are listed on the NYSE Euronext Amsterdam, where Imtech is included in
the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600
index.
Press Release:
http://hugin.info/130755/R/1659810/537394.pdf
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Source: Imtech via Thomson Reuters ONE
[HUG#1659810]
Unternehmensinformation / Kurzprofil:
Datum: 21.11.2012 - 13:36 Uhr
Sprache: Deutsch
News-ID 205884
Anzahl Zeichen: 4541
contact information:
Town:
Gouda
Kategorie:
Business News
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"Imtech: Reconfirmation Trading Update Q3 2012"
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