Sweco Holdco B.V.
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Publicatie datum
18 aug 2011 - 07:23
Statutaire naam
Sweco Holdco B.V.
Titel
18 Aug 2011 | Press release - Grontmij first half 2011 results
Bericht
Stable results in tough markets
Total Revenue +46% € 547 million (2010: € 376 million)
Underlying EBITA +30% € 22.1 million (2010: € 17 million)
Profit after tax +49% € 6.1 million (2010: € 4.1 million)
Organic growth in all business lines except for Planning & Design
Agreement to convert Netherlands pension scheme to defined contribution
Telecoms divestment on schedule
Forward orders stable, but pricing pressure continues
Sylvo Thijsen, CEO Grontmij N.V.: "In the second quarter of 2011 we continued to stabilize our business in Europe under difficult market circumstances, through key planned structural improvements and increased marketing and tendering activities. Growth overall is stable.
Organic growth remained strongest in our Transportation & Mobility and Water & Energy business lines, and in particular in the Nordic region. In France trading was strong for Monitoring & Testing and Telecom. On the other hand, the cost-cutting programs of most European governments were mainly felt in Planning & Design particularly in the UK and in the Netherlands. This has led to increased and severe price competition. Overall, our forward order book remained stable and at satisfactory levels for the next half year.
We were awarded some significant contracts during the quarter; in Planning & Design we were awarded a contract by the city of Toulouse for the renovation of the city’s science park. In Transportation & Mobility we gained a place on England’s Highways Agency’s Project Support Framework enabling us to partake in upcoming major infrastructure projects on England’s strategic road network. In Monitoring & Testing we gained a key contract in the city of Nice (France) for geotechnical testing for two new tram lines, and in the UK we gained a significant contract with Yorkshire Water for telemetry testing. In Water & Energy we gained valuable contracts for waste management in Poland, a large bio-energy plant in Norway and Germany, and an advisory contract in Tur..
Datum laatste update: 28 december 2025