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Royal Imtech N.V.

Royal Imtech N.V.

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Publicatie datum 20 dec 2013 - 07:30
Statutaire naam Royal Imtech N.V.
Titel Imtech accelerates and intensifies its recovery plan in Germany
Bericht Royal Imtech accelerates and intensifies its recovery plan in Germany and provides a trading update ahead of closing of the year 2013. In line with announcements of third quarter results on November 7th, 2013 Imtech has continued to focus on implementing the groups operational recovery plan. October and November results show continued stable revenue and order intake performance for the group providing a platform for recovery. Except for Germany, margin development is mostly satisfactorily also helped by the positive impact of management upgrades and the largely completed headcount reduction programs. As announced on November 7th, margin recovery of our German business will take more time and does not yet show improvement in October and November versus the first nine months of 2013.