Picture: Grontmij 2008: strong performance 

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12 Mar 2009 | Press release - Grontmij 2008: strong performance 

“At the end of 2008 and with many markets in turmoil, Grontmij can look back on a period in which a lot has been achieved" says Sylvo Thijsen, CEO Grontmij N.V.
 
  • Total Revenue € 846 million (2007: € 773 million), Net Revenue € 664 million (2007: € 598 million).
  • Organic growth 8.2% (excluding currency effect).
  • Operating profit (EBITA) improved by 20% to € 65.1 million (2007: € 54.1 million).
  • Operating margin (EBITA on Total Revenue) 7.7% (2007: 7.0%).
  • Profit after tax € 38.8 million (2007: € 32.7 million); earnings per share € 2.16 (2007: € 1.84).
  • Proposed dividend: increased to € 1.15 per share (2007: € 1.10), in cash.
  • Strong performance in Q4 2008: EBITA € 21.1 million (2007: € 17.4 million).
  • Good order book: well over one year.
  • Outlook for 2009: confident about the future; equalling 2008 results challenging perspective for 2009.

Comments from Sylvo Thijsen, CEO Grontmij N.V.:
“At the end of 2008 and with many markets in turmoil, Grontmij can look back on a period in which a lot has been achieved. We had the best year ever in our history. All home countries improved their performance. In the past year Grontmij continued to grow and strengthened its market position both in Northwest Europe and Central Europe. Grontmij is financially healthy and has a strong market position with a diversified portfolio in Europe.

The economic crisis mainly affects building and industrial related services but may also lead to opportunities, such as the creation of a fundamentally new vision on a sustainable society and economy, and to governments stimulating their economies by investing substantially in major infrastructural and energy-saving projects. Despite the current market conditions, we have a good and well diversified order book. Having a good order book and about 70% of our assignments coming from (semi) governments, we are well positioned”.

You can download the entire press release on the right hand side of this page.