Turnover and order book stable
Highlights
· Turnover in the third quarter of 2012 at the same level of last year;
· Stable order book of more than € 2.1 billion; further increase in orders focused on integrated approach and high-quality design;
· Number of homes sold through October 846, versus 961 in the same period of 2011;
· Volumes and results at Residential Building under pressure; Heijmans to devise reorganisation plan in the fourth quarter;
· Good results from integral projects at Roads and Civil Engineering in the Netherlands and Belgium.
Bert van der Els, chairman of the Executive Board of Heijmans:
'We are continuing to develop our strategy, with a clear focus on residential, non-residential and infra. We add value through our integrated approach, combining design and engineering, our expertise in service and maintenance and the use of innovative technology to make processes, products and services 'smarter'. The 'Smart Highway', launched at the Dutch Design Week, is an excellent example of our 'smart' thinking. In addition, we are constantly working on process improvements and cost efficiency as crucial conditions for the realisation of our strategy.
Our turnover and order book were stable, but due to falling volumes in the Residential segment and low margins in the market, we have decided to adapt our organisation. We will have to reduce the number of jobs by around 200 in this segment. In other segments, too, we will continue to work on measures to remain sufficiently competitive. We are therefore taking steps now that are required to create a good starting point for 2013.'
About Heijmans
Heijmans is a listed company combining operations in property development, residential building, non-residential building, technical services, roads and civil engineering. Heijmans operates in the Netherlands, Belgium, and Germany. We create added value for our clients by focusing on an integrated approach and high-quality execution. Heijmans realises integrated, innovative projects large clients such as companies and government authorities, as well as homes for investors and residents. With more than 8,000 employees and a turnover of € 2.4 billion in 2011, we are building the spatial contours of tomorrow. For more information, go to www.heijmans.nl (http://www.heijmans.nl).
For more information / not for publication:
Media:
Lonneke Wijnhoven
Director Communications
+31 (0)73 543 52 17
lwijnhoven@heijmans.nl (mailto:lwijnhoven@heijmans.nl)
Analysts:
Frank Heerens
Manager Investor Relations
+31 ((0)73 543 52 17
fheerens@heijmans.nl (mailto:fheerens@heijmans.nl)
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information contained therein.
Source: Heijmans NV via Thomson Reuters ONE
