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13 Mar 2008 | Press release - Grontmij 2007: profit increases by more than 48% in first European year 

Sylvo Thijsen, CEO Grontmij N.V.: "Carl Bro and BGS were successfully integrated in 2007, which is made evident through increased turnover and profit. Virtually our entire turnover and earnings are generated in Europe."
 
  • Result after income tax increased by more than 48% to € 32.7 million (2006 including four months Carl Bro: € 22.1 million).
  • Earnings per share € 1.84 (2006*: € 1.31 per share).
  • Proposed dividend: € 1.10 per share (2006*: € 0.75 per share).
  • Net revenue (own production) increased by more than 55% to € 598.1 million (2006: € 384.5 million).
  • Earnings before interest, tax and amortisation (EBITA) increased by nearly 64% to € 54.1 million (2006: € 33.0 million).
  • All countries in Europe improved their results.
  • Outlook for 2008: further growth in revenue and profitability, excluding unforeseen circumstances.


Comments from Sylvo Thijsen, CEO Grontmij N.V.:
"Carl Bro and BGS were successfully integrated in 2007, which is made evident through increased turnover and profit. Virtually our entire turnover and earnings are generated in Europe. All countries have improved their performance as compared to 2006. We were able to improve our market position especially in the United Kingdom, Germany and Central Europe. The Netherlands, Belgium and Sweden significantly increased their margins particularly by improving their business mix.

The current uncertain economic climate has had no impact on the demand for our services: Grontmij's order book for 2008 is good. The growing attention to climate-related issues is just right for us.

Additional investments in energy markets will lead to numerous orders in the building and manufacturing industries. With respect to (waste) water management we expect that the market situation in the United Kingdom and Central and Eastern Europe will remain favourable. The transportation market in the Benelux and Scandinavia is expected to have a positive outlook. Grontmij’s solid positioning in Europe provides the prospect of a further increase in turnover, both autonomously and through acquisitions."

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Suzan van Nieuwkuyk Suzan van Nieuwkuyk
Company Secretary, Grontmij N.V.
+31 30 220 75 39
Corporate Communication Department  
+31 30 220 75 15