Sweco Holdco B.V.
Hieronder vindt u informatie uit het register openbaarmaking voorwetenschap. Deze informatie is door de organisatie verstrekt.
Publicatie datum
08 nov 2011 - 08:10
Statutaire naam
Sweco Holdco B.V.
Titel
Grontmij first nine months 2011
Bericht
Operating profit in the Netherlands drops by more than 50%.
Total Revenue +29% € 807 million (2010: € 627 million)
Operating profit -10.8% € 20.6 million (2010 : € 23.1 million)
Underlying EBITA +1.4% € 28.1 million (2010: € 27.7 million)
Telecoms divested, circa € 30 million deleverage in Q4
Nine months Profit after tax € 3.2m (2010: € 9.2 million):
Revaluation of non-core assets in the Netherlands € (2.7) million
Outlook FY2011:
Underlying EBITA circa € 40 million - worsening of result in the Netherlands and UK, planning for further restructuring
Sylvo Thijsen, CEO Grontmij N.V.:
‘Despite the good development in most Business Lines and Regions and our overall satisfactory order book we continued to experience difficult trading conditions in several markets of which the
most important are the Netherlands and the UK.
In the Netherlands, utilization deteriorated further after the holiday period against indications from the current order book and pipeline. There was a particular sharp drop in the local market due to postponed, delayed and even cancelled orders. Management has taken and will take further actions to adjust resources and is planning to adjust the organisation towards a less decentralised set-up of the office space. In the next few years, Grontmij in the Netherlands will reduce the number of offices from 22 to 8.
Furthermore, in light of the current economic conditions and developments, we re-assessed the value of our non-core real estate assets in the Netherlands, resulting in a downward re-valuation of € (2.7)m.
We reached agreement to sell the French Telecoms division, and concluded the transaction during October, with cash proceeds in excess of circa € 30m helping to deleverage the balance sheet during Q4.
Due to the ongoing general economic and financial uncertainty in Europe and especially the deteriorating local markets in the Netherlands and the UK, we expect the 2011 full year underlying EBITA to be circa € 40m (2010: € 46.5m). As a c
Datum laatste update: 18 december 2025