Continued growth. Turnover H1 2011 up by 33%, Ebit H1 2011 up by 73%.
(Thomson Reuters ONE) -
Press Release
Continued growth
Turnover H1 2011 up by 33%, Ebit H1 2011 up by 73%
Amsterdam, 19 August 2011
Brunel International achieved a Q2 turnover of ? 217 million, up 29% compared to
the same period last year (31% at equal rates). Turnover achieved in the first
half year was ? 445 million, up 33% compared to the same period in 2010. The
gross profit in Q2 2011 amounted to ? 44 million compared to ? 34 million in the
same period last year. Gross margin is slightly down at 20%. The Q2 Ebit
amounted to ? 12 million compared to ? 6 million in Q2 2010.
+-----------------------------------------------------------------------+
|Brunel International* |
| |
|X ? 1 million |
| |
| Q2 2011 Q2 2010 Change % H1 2011 H1 2010 Change %|
| |
| |
| |
|Turnover 217.3 167.9 29% 444.7 334.9 33%** |
| |
|Gross profit 43.5 34.1 27% 89.9 69.6 29% |
| |
|Gross margin 20.0% 20.3% 20.2% 20.8% |
| |
|Ebit 11.9 6.2 91% 27.7 16.0 73% |
| |
|Ebit % 5.4% 3.7% 6.2% 4.8% |
+-----------------------------------------------------------------------+
* (unaudited)
** +34% at constant currency
Overall turnover in Q2 2011 is up 29 % compared to the same period in 2010. All
of our business lines contributed to the turnover growth in this second quarter.
Despite the volatile nature of the recovery of the economy, especially in the
Euro region, we have continued on our growth path and increased the level of
business.
In general, the market conditions in Europe have been favourable for Brunel. In
particular Germany has grown along with the increasing activity in the
industrial sectors. The Netherlands market remains challenging but our strategy
of not reducing our commercial organisation during the downturn has proven to be
successful looking at the growth we are currently achieving.
Q2 turnover of both Brunel in Germany and in The Netherlands exceeds that of Q1
despite the lower number of working days in Q2.
Gross margin in Q2 2011 as well as in H1 2011 is slightly lower than in 2010,
which is the result of Energy project revenue. Gross margins achieved in The
Netherlands, Germany and Belgium all exceed those achieved in Q2 2010.
The increase in overhead costs in Q2 2011 compared to the same period in 2010 is
largely the result of further strengthening of the organisation during 2010.
Q2 Ebit almost doubled to ? 12 million, the result of increased business being
efficiently managed.
Jan Arie van Barneveld, CEO of Brunel International: "I am very pleased with our
performance. The economic environment is still very uncertain but we are
successfully meeting the increasing requirements of our customers. This explains
the increase in turnover in Europe where the growth in Germany remains strong
and growth in Belgium and The Netherlands is considered sustainable.The Energy
business continues its' strong growth throughout the global Oil and Gas sector
with turnover in Q2 up 28% compared to the same period in 2010".
For full article please see attached pdf file.
A recorded webvideo in which Jan Arie van Barneveld provides comments in
relation to this press release is available on www.brunel.net.
pdf file of the press release:
http://hugin.info/132857/R/1539470/470487.pdf
This announcement is distributed by Thomson Reuters 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: Brunel International NV via Thomson Reuters ONE
[HUG#1539470]
Unternehmensinformation / Kurzprofil:
Datum: 19.08.2011 - 08:00 Uhr
Sprache: Deutsch
News-ID 57397
Anzahl Zeichen: 5184
contact information:
Town:
Amsterdam
Kategorie:
Business News
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