Recovery Heijmans in second half of 2009
(Thomson Reuters ONE) -
Financial position strengthened, underlying result improved
Key Points for 2009
· Recovery of results: a ? 3 million net result in the second half of
2009;
· Net result for 2009 strongly impacted by costs of turnaround, crisis
measures and refinancing;
· Net debt reduced, solvency strengthened;
· Improvement underlying operating result in spite of strong decline in
Property Development;
· Limited write down of strategic land bank in second half of the year;
· Good progress in implementation of strategy; downsized Heijmans with
focus on the Netherlands and a more solid capital position;
· Situation in the residential market remains subdued.
Rob van Gelder, Chairman of the Executive Board: "2009 was a year with two
distinct halfs. Following negative results in the first 6 months there was a
recovery in the second half of the year. We made fundamental changes and which
have delivered results. Heijmans has made good progress: the financial position
has been strengthened and the underlying result has been improved."
[HUG#1392807]
Full press release: http://hugin.info/130707/R/1392807/350243.pdf
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Datum: 11.03.2010 - 01:50 Uhr
Sprache: Deutsch
News-ID 1011187
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