Heijmans: moderate first half year, substantial growth order book

2014 transition year, residential market offers perspective

Highlights:

Net loss of € 8 million, (H1 2013 loss of  € 5 million);Revenues first half of 2014 at € 823 million (€ 912 million in H1 2013);Order book increases across the board: € 2.3 billion at end-June 2014 vs. € 1.6 billion at end-2013;Infra The Netherlands reports negative result, Infra Belgium improved from year-earlier period; Number of homes sold in first half of 2014 increased to 482 (386 homes in H1 2013); share of homes sold to private buyers increased to 244 (172 homes in H1 2013);Net debt at € 99 million as per end-June 2014, compared with € 121 million end-June 2013, solvency 30%

Bert van der Els, chairman of Executive Board / CEO Heijmans:
"I am not satisfied with our result. It simply has to improve. We believe that the strong growth in our order book right across the board and the increasingly stronger recovery in the residential market offer a clear perspective for improvements. We will continue with our improve the core program, which focuses on purchasing, tender and project management, will certainly help us to achieve this. We are fully committed to this course and I expect the operating result to improve the coming periods. The acquisition of prestigious and integrated projects, such as the N23 and Eurojust, plus the PPP projects A9, RIVM and A12 demonstrate the quality of our business and the opportunities for the future. We will be devoting a great deal of time to the preparation for these projects. The recruitment of the chief technology officer will accelerate our innovation portfolio even further. As a centrally managed organisation, we focus on projects in which this strength creates added value for our clients."

Company Profile
Heijmans is a listed company that combines activities in the fields of property development, residential building, non-residential, roads and civil. Heijmans is active in the Netherlands, Belgium and Germany. Our focus on integrated projects and quality execution enables us to create added value for our clients. Heijmans realises integrated projects for major clients such as companies and public sector bodies, as well as homes for investors and private home buyers. With more than 7,100 employees and more than € 820 million in revenues in the first half of 2014, we are building the spatial contours of tomorrow.

For more information:
Media
Lonneke Wijnhoven    
Communications     
+31 73 543 52 17    
lwijnhoven@heijmans.nl

Analysts
Frank Heerens 
Investor Relations
+31 73 543 52 17
fheerens@heijmans.nl

Full press release


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Source: Heijmans NV via Globenewswire
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