Positive result in uncertain market
(Thomson Reuters ONE) -
Highlights:
· Net result for the first half year ? 5 million compared to ? 4
million in the first half of 2010;
· Operating result from continued operations in first half year 2011 ?
10 million (1(st) half year 2010: ? 11 million);
· Good results in Infrastructure and Residential Building, lower
results in Property Development and Germany;
· Organic growth of the revenues in first half year to ? 1,084
million, around 3% higher than last year;
· The housing market is not recovering yet: 638 houses sold in the
first 6 months, compared to 683 in the first half of 2010;
· Order book increased slightly to ? 2.3 billion (year-end 2010: ?
2.2 billion);
· Net debt as per end of June decreased further to ? 240 million (?
277 million end of June 2010);
· Committed credit facility of ? 250 million, renewed and extended
until March 2015, at market conditions.
Gerrit Witzel, chairman of the Executive Board of Heijmans:
"Market conditions continued to be tough in the first half of this year and we
assume that they will remain so for the time being. The renewed turbulence on
the financial markets will not help, the reduction in Dutch transfer tax
probably will. Nevertheless, we see good results in the Netherlands,
especially Infrastructure and Residential Building showed good results. At
Property Development it is currently hard work for low margins, while the
results in Germany were under much more pressure than expected. For Heijmans as
a group the focus remains on quality, cost control and cash flow. With a solid
order book and sound financing structure we are well equipped for the future."
About Heijmans
Heijmans is a listed company that combines operations in property development,
residential building, non-residential building, installation engineering, road
building and civil engineering. Heijmans operates in the Netherlands, Belgium,
and Germany. We generate added value for our customers by focusing on quality
improvement, integrated projects, sustainability and profitability. Heijmans
realises projects for home buyers, companies and government bodies. With around
8,100 employees and a turnover of ? 2.7 billion in 2010, we are building the
spatial contours of tomorrow. For further details go towww.heijmans.nl.
Trading update
Heijmans will publish the Q3 trading update on 10 November, before trading
hours.
For further details / not for publication:
Press: Analysts:
Lonneke Wijnhoven Frank Heerens
Director of Communications Investor Relations
Manager
+31 73 543 52 17 +31 73 543 52 17
lwijnhoven(at)heijmans.nl fheerens(at)heijmans.nl
Full press release Heijmans Interim Report 2011:
http://hugin.info/130707/R/1540714/471123.pdf
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(i) the releases contained herein are protected by copyright and
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originality of the information contained therein.
Source: Heijmans NV via Thomson Reuters ONE
[HUG#1540714]
Unternehmensinformation / Kurzprofil:
Datum: 24.08.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 58589
Anzahl Zeichen: 3888
contact information:
Town:
Rosmalen
Kategorie:
Business News
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"Positive result in uncertain market"
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