Heijmans benefits from recovering housing market, negative result due to pressure on infra
(Thomson Reuters ONE) -
Highlights:
* Number of homes sold increased to 746 in the first half of 2015 (first half
2014: 482 homes sold). Number of homes sold to private buyers more than
doubled;
* Underlying operating result first half 2015 ? 11 million negative (first
half 2014: ? 7 million negative): significantly improved result at Property
Development and Residential Building could not compensate the lower result
of the Dutch Infra activities;
* Net result ? 15 million negative (first half 2014: ? 8 million negative);
* Solvency virtually unchanged at 29%; Net debt ? 108 million at end-June
2015 (end-June 2014: ? 99 million).
Bert van der Els, Chairman of the Executive Board / CEO of Heijmans:
"The Dutch housing market is recovering and we can see the effects of this in
the revenues and results of Property Development and Residential Building. Our
expertise in housing concepts, urban development and transformation positions us
in a good position to capitalise on the opportunities in the residential sector
in the coming period. The Heijmans Woon Concept (residential concept), the
Wijnhaven area in The Hague, the Timmerhuis and Fenixloodsen projects in
Rotterdam, the transformation of the former Parool tower and the Trouw building
in Amsterdam are just a few appealing examples of our expertise. At the same
time we remain in the tail-end of the economic crisis, leaving the overall
picture for Heijmans much to be desired. The results of the Dutch Infra
activities in particular are lagging more than we had anticipated. Previously
announced measures have been implemented but the financial effects are not yet
visible. The improved margin potential of newly acquired projects and service
activities does not yet outweigh the poor conditions on longer-running projects
that still have to be completed. In the face of a turbulent market, Heijmans is
operating with a healthy solvency ratio and complies with the covenants as
agreed with our financiers. Clearly, operating results need to improve. This is
our highest priority and I am confident that this will become visible in the
second half of the year."
About Heijmans
Heijmans is a listed company that combines activities related to property
development, residential building, non-residential building, roads and civil
engineering in the working areas living, working and connecting. Heijmans is
active in the Netherlands, Belgium and Germany and as a technology partners
delivers know-how and concepts in various markets. Our constant focus on quality
improvements, innovation and integrated solutions enables us to generate added
value for our clients. Heijmans realises projects for private consumers,
companies and public sector bodies.
With approximately 6,800 employees and revenues of more than ? 900 million in
the first half of 2015, we are building the spatial contours of tomorrow. You
will find additional information on www.heijmans.nl
For more information / not for publication:
Media
Marieke Swinkels-Verstappen
Communications
+31 73 543 52 17
mswinkels-verstappen(at)heijmans.nl
Analysts
Mark van den Biggelaar
Investor Relations
+ 31 73 543 52 18
mbiggelaar(at)heijmans.nl
Full press release:
http://hugin.info/130707/R/1946383/706253.pdf
This announcement is distributed by GlobeNewswire on behalf of
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(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 GlobeNewswire
[HUG#1946383]
Unternehmensinformation / Kurzprofil:
Datum: 19.08.2015 - 07:12 Uhr
Sprache: Deutsch
News-ID 414576
Anzahl Zeichen: 4172
contact information:
Town:
Rosmalen
Kategorie:
Business News
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