Imtech: publishes preliminary annual figures for 2012
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· Publication of preliminary annual figures important next step in recovery plan
· Net loss of 226 million Euro in 2012
· Adjusted annual figures and opening balance sheet for 2011
· Annual report, definite annual figures and the audited annual accounts
expected early June 2013
· Revenues in 2012 increased by 8% to 5.5 billion Euro
Gouda - Royal Imtech N.V. today publishes its preliminary annual figures for
2012. The annual report, the definite annual figures, and the audited annual
accounts by the accountant are expected in early June 2013. The annual accounts
will be discussed at the Annual General Meeting of shareholders on June
28, 2013 and presented for adoption to a yet to be planned Extraordinary General
Meeting of shareholders at the end of July 2013.
Gerard van de Aast, CEO; "With the publication of the preliminary annual figures
for 2012, Imtech makes an important next step in its recovery plan. Publication
of the annual accounts and the investigation report in early June is the next
important milestone. We continue to execute our plans announced on February 27
with focus on organic growth, operational excellence, reinforcement of the
business controls and the establishment of a solid financial structure."
Preliminary consolidated annual figures 2012
For the preliminary consolidated annual figures 2012 reference is made to the
appendix of this press release. The preliminary results in 2012 show a net loss
of 226 million Euro. In these preliminary results among others the effects have
been included of a later closing date and the connected progressive insights.
Also an appropriate realistic approach has been used in the application of our
accounting principles. The preliminary annual figures for 2012 will be discussed
with our lenders. These discussions are focused on obtaining a definite waiver
as a logical continuation on the earlier concluded continuation agreement. After
the finalization of the waiver process, expected early June 2013, the annual
accounts audited by the accountant will be available.
Adjustment figures 2011
For the adjusted figures for 2011 and the adjusted opening balance sheet 2011
reference is made to the appendix of this press release. The annual accounts
2011 published the previous year therefore no longer present the required true
and fair view. This has been announced earlier in our press release of April
23, 2013. The net result of 2011 has been adjusted by 54,6 million Euro. The
correction to the shareholders equity on the opening balance sheet amounts to
54,7 million Euro. In regards to the annual accounts 2011, the in art. 2:362
section 6 Dutch Civil Code (BW) intended announcements and auditor's report will
be deposited.
Poland and Germany
The investigations in Poland and Germany are in the process of being finalized.
As announced earlier, the company will publish the final report in early June
2013. In this report the findings of these investigations will be presented. The
write-offs in Poland and Germany amount, as reported on April 23 2013, to 370
million Euro (pre-tax).
Rights issue
On February 27, 2013 Imtech announced the intention to strengthen its
shareholders' equity with a rights issue of 500 million Euro. The proceeds of
the issue will, after the deduction of costs, be fully utilized for debt
reduction, resulting in a reinforcement of Imtech's capital structure. A more
extensive explanation of the rights issue is included in the agenda of the
Annual General Meeting of shareholders, published on the company website
(www.imtech.com). The decision necessary to execute the rights issue will be
submitted to the Annual General Meeting of shareholders on June 28, 2013. The
announced rights issue is expected to be completed this summer.
Appendix: Financial Summaries
More information
Media: Analysts & investors:
Dorien Wietsma Jeroen Leenaers
Director Corporate Communication & CSR Director Investor Relations
T: +31 182 54 35 53 T: +31 182 543 504
E: dorien.wietsma(at)imtech.com E: jeroen.leenaers(at)imtech.com
www.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
approximately 5.5 billion euro. Imtech holds attractive 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 24,000 customers. Imtech offers 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 AEX Index. Imtech shares are also included in the Dow Jones STOXX 600 index.
Disclaimer
Please read this carefully as it applies to all persons who read this press
release. This press release contains information and documents relating to an
offer, through a rights issue, of new shares of Royal Imtech N.V. You may not be
eligible to view the contents of that information and those documents.
Accordingly, if you wish to read this information you must first inform yourself
about and then observe the statutory and regulatory requirements applicable to
you and to your jurisdiction. In order to establish whether or not you may view
the information and documents please read the disclaimer below in full.
This press release is not for release, distribution or publication, whether
directly or indirectly and whether in whole or in part, into or in the United
States, Australia, Canada or Japan or any (other) jurisdiction where to do so
would constitute a violation of the relevant laws of such jurisdiction.
This press release is for information purposes only and is not intended to
constitute, and should not be construed as, an offer to sell or a solicitation
of any offer to buy securities of Royal Imtech N.V. (the "Company", and such
securities, the "Securities") in the United States, Australia, Canada or Japan
or in any other jurisdiction in which such offer, solicitation or sale would be
unlawful prior to registration, exemption from registration or qualification
under the securities laws of such jurisdiction.
The Securities have not and will not be registered under the U.S. Securities Act
of 1933, as amended (the "U.S. Securities Act") and will not be registered with
any authority competent with respect to securities in any state or other
jurisdiction of the United States of America. The Securities may not be offered
or sold in the United States of America absent registration or an exemption from
registration under the U.S. Securities Act. The Company has registered no part
of the offering of the Securities in the United States of America or any other
jurisdiction, nor has it the intention to do so. The Company has no intention to
make a public offering of Securities in the United States.
The Company has not authorized any offer to the public of Securities in any
Member State of the European Economic Area other than the Netherlands. With
respect to any Member State of the European Economic Area, other than the
Netherlands, and which has implemented the Prospectus Directive (each a
"Relevant Member State"), no action has been undertaken or will be undertaken to
make an offer to the public of Securities requiring publication of a prospectus
in any Relevant Member State. As a result, the Securities may only be offered in
Relevant Member States (i) to any legal entity which is a qualified investor as
defined in the Prospectus Directive; or (ii) in any other circumstances falling
within Article 3(2) of the Prospectus Directive. For the purpose of this
paragraph, the expression "offer of securities to the public" means the
communication in any form and by any means of sufficient information on the
terms of the offer and the Securities to be offered so as to enable the investor
to decide to exercise, purchase or subscribe for the securities, as the same may
be varied in that Member State by any measure implementing the Prospectus
Directive in that Member State and the expression "Prospectus Directive" means
Directive 2003/71/EC (and amendments thereto, including Directive 2010/73/EU, to
the extent implemented in the Relevant Member State), and includes any relevant
implementing measure in the Relevant Member State.
The release, publication or distribution of this press release in certain
jurisdictions may be restricted by law and therefore persons in such
jurisdictions into which they are released, published or distributed, should
inform themselves about, and observe, such restrictions.
This press release does not constitute a prospectus within the meaning of the
Dutch Financial Markets Supervision Act (Wet op het financieel toezicht) and
does not constitute an offer to acquire securities.
Any offer to acquire Securities pursuant to the proposed offering will be made,
and any investor should make his investment, solely on the basis of information
that will be contained in the prospectus to be made generally available in the
Netherlands in connection with such offering. When made generally available,
copies of the prospectus may be obtained at no cost from the Company or through
the website of the Company.
PDF: Press Release incl. appendix:
http://hugin.info/130755/R/1703176/562942.pdf
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Source: Imtech via Thomson Reuters ONE
[HUG#1703176]
Unternehmensinformation / Kurzprofil:
Datum: 21.05.2013 - 06:59 Uhr
Sprache: Deutsch
News-ID 261751
Anzahl Zeichen: 11875
contact information:
Town:
Gouda
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Business News
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