Brunel International N.V. turnover continues to grow 9% in Q3. Gross
margin at 20% and Ebit at 6%.
(Thomson Reuters ONE) - Brunel turnover continues to grow 9% in Q3. Gross margin at 20% andEbit at 6%.Amsterdam, 4 November 2009Brunel International realised a Q3 2009 turnover of ? 196 million, up9% compared to the same period in 2008 and up 8% compared to thesecond quarter of this year. The gross profit in Q3 2009 amounted to? 39 million versus ? 42 million same period last year and up from ?36 million in the second quarter of this year.The EBIT in Q3 2009 is ? 11.8 million, a decrease of 19% versus thethird quarter of 2008 (excluding ? 2.7 million other income).Brunel Netherlands realised a turnover of ? 32 million in the thirdquarter, a decrease of 13% compared to the same period in 2008 and adecrease of 6% compared to the second quarter of this year. Despitethe challenging market conditions in the third quarter, the grossmargin has improved slightly to 36% in the third quarter versus 35%in the previous quarter.Brunel Germany realised a turnover of ? 25 million, a decrease of 31%compared to the same period in 2008 but only 2% less than previousquarter. Brunel Germany has improved the gross margin to 40% up from32% in the second quarter of this year mainly due to the improvedproductivity.The Energy division realised a turnover of ? 135 million in Q3, anincrease of 33% compared to the same period in 2008, with the grossmargin at a level of 12%.Brunel International realised a strong cash flow during the firstnine months with an operating cash flow of ? 48 million and a netcash flow of ? 23 million.Jan Arie van Barneveld, CEO of Brunel International: "It is clearthat Brunel is well positioned to deal with the consequences of theeconomic crisis. Although revenue in the staffing divisions has comedown compared to 2008, the third quarter has shown indications thatthe market conditions are improving. The limited decline in thestaffing business in combination with a strong revenue and margindevelopment in our Energy division explains the relatively limitedimpact of the crisis on our performance and consequently we have beenable to continue improving the quality of our organisation andprocesses. This provides us with an excellent position once themarket picks-up. Our strategy of growth and investment inorganisational improvement remains unchanged while maintainingacceptable profitability levels".Outlook 2009The revenue level of the fourth quarter will be negatively influencedby the completion of the Pluto Energy project in September 2009, butthe Board of Directors repeats the expectation that the turnoverlevel of this year will be around ? 725 million, with an Ebit inexcess of ? 44 million.For full article with table, please open attached pdf file.--------------------------------------------------------------------------------------------------------------------For further information:Jan Arie van Barneveld CEO Brunel International tel.: +31(0)20 312 5000Rob van der Hoek CFO Brunel International tel.: +31(0)20 312 50 00http://hugin.info/132857/R/1352372/327137.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 04.11.2009 - 08:00 Uhr
Sprache: Deutsch
News-ID 7871
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