Q3 shows continued growth in Germany, still flat development in The Netherlands and Energy in line with expectations
(Thomson Reuters ONE) -
Amsterdam, 2 November 2010
Brunel International realised a Q3 2010 turnover of ? 172 million, down 12%
compared to the same period in 2009 and up 2% compared to the second quarter of
this year. The gross profit in Q3 2010 amounted to ? 37 million versus ? 39
million for the same period last year and up from ? 34 million in the second
quarter of this year.
The EBIT in Q3 2010 is ? 8.2 million, a decrease of 30% versus the third quarter
of 2009 and up 32% from the second quarter this year.
+---------------------------------------------------------------------+
|Brunel International |
| |
|(unaudited) |
| |
|x ? 1 million Q3 Q3 Change % YTD YTD Change %|
| 2010 2009 Q3 2010 Q3 2009 |
| |
| |
| |
|Turnover 172.0 196.3 -12.4% 506.9 562.6 -9.9%* |
| |
|Gross Profit 36.7 39.0 -5.9% 106.4 115.2 7.6% |
| |
|Gross margin 21.4 % 19.9% 1.4 21.0% 20.5 % 0.5 |
| |
|Other income |
| |
|EBIT 8.2 11.8 -30.5% 24.3 35.0 -30.6% |
| |
|EBIT % 4.8% 6.0% -1.2 4.8% 6.2% -1.4 |
| |
| |
| * -14.4% at constant |
|currency |
+---------------------------------------------------------------------+
Brunel Netherlands realised a turnover of ? 31 million in the third quarter, in
line with both the same period in 2009 and the second quarter of this year. The
positive revenue effect of more working days in Q3 2010 versus Q2 2010 (+7 days)
was offset by the holidays. The gross margin improved to 34.4% this quarter, up
from 32.5% in the second quarter of this year.
Brunel Germany realised a turnover of ? 29 million, an increase of 14% compared
to both the same period in 2009 and the second quarter of this year. Germany,
also benefited from more working days in Q3 2010, compared to Q2 2010, which has
contributed to this improvement. Brunel Germany has increased the gross margin
to 38% up from 35% in the second quarter of this year.
Brunel Belgium realised a turnover in Q3 of ? 5 million an increase of 4%
compared to the same period in 2009. The gross margin is in line with 2009 at
20%.
The Energy division realised a turnover of ? 106 million in Q3, a decrease of
21% compared to the same period in 2009 due totally to the Pluto project
completion at the end of 2009. Compared to the second quarter of 2010 both
revenue and gross margin (13%) are almost equal.
Jan Arie van Barneveld, CEO of Brunel International: "Brunel performed in line
with our expectations for the third quarter of this year. Growth in The
Netherlands did not materialise in Q3 but recent developments do indicate
limited growth.
Brunel Germany continues to increase turnover while improving the gross margin.
Brunel Energy has secured new business in Australia with major projects already
started and generating revenue as of the beginning of Q4 2010."
Outlook 2010
The board of directors repeats the expectation that Q4 will realise significant
profitable growth in Germany and Energy. In The Netherlands growth will be
limited.
Webvideo
A recorded webvideo in which Jan Arie van Barneveld provides comments in
relation to this press release is available onww.brunel.net.
---------------------------------
For further information:
Jan Arie van Barneveld CEO Brunel International
tel.: +31(0)20 312 50 81
Rob van der Hoek CFO Brunel International
tel.: +31(0)20 312 50 81
---------------------------------
For full press release, please see attached pdf file.
[HUG#1457795]
pdf file of the press release:
http://hugin.info/132857/R/1457795/397351.pdf
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Source: Brunel International NV via Thomson Reuters ONE
Unternehmensinformation / Kurzprofil:
Datum: 02.11.2010 - 08:00 Uhr
Sprache: Deutsch
News-ID 48287
Anzahl Zeichen: 5883
contact information:
Town:
Amsterdam
Kategorie:
Business News
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"Q3 shows continued growth in Germany, still flat development in The Netherlands and Energy in line with expectations"
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