De Bilt, 9 March 2012 - Grontmij N.V. today announces its new strategy: 'Back on Track'. The new strategy for the period up to 2015 will focus on two pillars: restructuring and realising profitable organic growth. The emphasis in 2012 will be on restructuring. In the period 2013-2015 there will be greater focus on realising profitable organic growth. Based on these two pillars, Grontmij has set new ambitious but realistic financial goals.
This is the outcome of an extensive strategic review Grontmij has conducted in recent months. 'Back on Track', the new strategy for the period 2012-2015, is clearly inspired by the country operations to take advantage of the opportunities in the European markets.
Highlights of the new 'Back on Track' strategy of Grontmij:
- Focus on Europe: engineering consultancy market is expected to follow its long-term, above-GDP growth trend
- Restructuring in 2012 to achieve cost improvements, operational excellence improvements, to do selected divestments and to strengthen governance and controls
- Position Grontmij to realise profitable organic growth, and untap the national and crossborder possibilities of five selected Group growth activities:
o Energy (business line Water & Energy)
o Highways & roads (business line Transportation & Mobility)
o Light rail (business line Transportation & Mobility)
o Sustainable buildings (business line Planning & Design)
o Monitoring & Asset management (business line Monitoring & Testing) - A set of ambitious and at the same time realistic financial goals:
o Organic revenue growth target of 3 - 5% per year with 2012 as base year
o EBITA target margin of 6 - 8% on total revenue in 2015
o Trade Working Capital (TWC) ratio target of maximum 15% of total revenue by the end of 2013
To the website grontmij.com for the full press release
(http://www.grontmij.com/MediaCenter/Pages/Press-release-New-strategy-of-Grontmij-Back-on-Track.aspx)
Note to editors
Grontmij is the third largest engineering consultancy in Europe with nearly 10,000 professionals. At the heart of our business is the sustainability by design principle. It is a leading value proposition for our customers delivered by four business lines: Planning & Design, Transportation & Mobility, Water & Energy, Monitoring & Testing.
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Source: GRONTMIJ N.V. via Thomson Reuters ONE
