Imtech: order book up by 10% to 5.2 billion euro
(Thomson Reuters ONE) -
* Further improvement in the operational EBITA margin 2010
* Well-positioned for 2011
* First concrete steps taken for 2015 growth strategy
Gouda - The order book of Imtech (technical services provider in Europe and on
the global marine market) increases at the end of 2010 by 10% to 5.2 billion
euro. Moreover, despite the still challenging economic circumstances in a number
of countries and markets, the operational EBITA margin for 2010 will improve
once again. 'Imtech will close the books on a good 2010 and is well positioned
for 2011', announced Imtech's CEO René van der Bruggen in his New Year's speech
for employees.
Increase order book marks good position of Imtech
René van der Bruggen: 'Imtech reported an increase in the order book 2009 from
5% to 4.7 billion euro. The current increase of 10% to 5.2 billion marks the
good position of Imtech. Moreover, this growth is mainly due to organic growth
and only a limited part through acquisitions. Imtech and its 25,000 employees
once again are performing well in 2010. In fact, Germany & Eastern Europe and
Nordic (Sweden, Norway and Finland) perform excellent. The results in the
Benelux are still under pressure because of the continuing difficult market
conditions. There are also challenging circumstances in the UK, Ireland and
Spain as a result of the economic crisis. Nevertheless, Imtech is able to
achieve good results in these countries. In the European technology markets for
ICT (information and communication technology) and Traffic (high-tech mobility
solutions) Imtech shows good progress. In the marine market Imtech falls back
slightly, but considering the market conditions this is a fine performance. On
balance, Imtech confirms the outlook given earlier, with an increase of the
2010 EBITA through the combination of organic growth and acquisitions. The
operational EBITA margin 2010 (2009: 5.8%) will increase further. Overall,
Imtech is well-positioned for 2011.'
Green technology driver for growth
An important driver for Imtech's positive development is the strongly increasing
demand for green technology. Van der Bruggen: 'Imtech is one of the strongest
technical players in Europe in the field of energy technology. By integrating
energy solutions into our total technological approach, we are able to provide
significant added value to our clients. The result is less energy consumption,
higher energy efficiency, the realisation of sustainable energy goals and lower
CO2 emissions. This not only enables better exploitation, but also makes a
significant contribution to the sustainability objectives of our 21,000
customers. Imtech is among other things involved in the 'greening' of stadiums,
sustainable production processes of the European automotive industry, the
reduction of environmental pollution in the River Thames in London, the
realisation of high-tech sustainable power and biomass plants, the production of
green ships and the improvement of energy use in buildings, for example with the
green revitalisation of the SEB Bank head office in Stockholm.'
To 8 billion euro revenue in 2015
Imtech laid out an ambitious new growth strategy in November 2010. Imtech is
aiming at a revenue level of 8 billion euro (2009: around 4.3 billion euro) with
an operational EBITA margin between 6% and 7% in 2015. This means a considerable
increase in the operational EBITA. This growth will be evenly distributed
between organic growth and growth due to acquisitions. A syndicated bank
facility of 700 million euro has been arranged for financing this growth. Van
der Bruggen: 'We are ready for a new ambitious phase in Imtech's development.
The first concrete steps have been taken in this process. These steps include
the acquisition of a strong marine technical services provider in Turkey,
strengthening the company's global position in sustainable drying technology,
and developing technological total solutions for green data centres. Imtech has
also intensified the export of high-tech testing facilities for existing clients
in the automotive industry to China, India and Thailand, and is developing new
concepts both for energy management and energy contracting. There is also an
increasing export of high-tech traffic solutions. Imtech is well on track.'
Imtech will present its 2010 annual figures on 15 February 2011.
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More information
Media: Analysts & investors:
Pieter Koenders Jeroen Leenaers
Director 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 www.imtech.eu
Imtech profile
Imtech N.V. is a European technical services provider in the fields of
electrical engineering, ICT (information and communication technology) and
mechanical engineering. With approximately 25,000 employees, Imtech achieves
annual revenue of around 4.5 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 and Spain, the
European markets of ICT and Traffic as well as in the global marine market. In
total Imtech serves 21,000 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 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.
pdf version of press release:
http://hugin.info/130755/R/1477450/413414.pdf
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Source: Imtech N.V. via Thomson Reuters ONE
[HUG#1477450]
Unternehmensinformation / Kurzprofil:
Datum: 06.01.2011 - 07:01 Uhr
Sprache: Deutsch
News-ID 50239
Anzahl Zeichen: 7154
contact information:
Town:
Gouda
Kategorie:
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