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Grontmij N.V.

Grontmij N.V.

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Publicatie datum 09 mei 2012 - 07:16
Statutaire naam Grontmij N.V.
Titel Financial press release - Results Q1 2012 in line with Grontmij expectations, first steps on implementing new strategy
Bericht De Bilt, 9 May 2012 - Grontmij N.V. today reports its results for the first quarter of 2012 and provides an update on its 'Back on Track' strategy as set out in the press release of 9 March 2012. Key points first quarter 2012: Total revenue 1) decreased by 3.1% to € 228.4 million (Q1 2011: € 235.6 million), with organic decline 2) of 3.3% EBITA excluding exceptional items 3) decreased by 13.3% to € 8.4 million (Q1 2011: € 9.7 million), with an EBITA margin of 3.7% (Q1 2011: 4.1%) Net result from continuing operations of - € 4.1 million (Q1 2011: € 2.9 million) in line with Grontmij's expectations, partially reflecting the expenses of the restructuring plan Grontmij is executing Net debt at the end of the first quarter is € 204.5 million (Q4 2011: € 177.9 million)