• Total Revenue € 208.5 million (2008: € 195.9 million); Net Revenue € 167.4 million (2008: € 157.6 million).
• Organic growth 3% (excluding currency effects: 6%).
• Operational margin (EBITA on total revenue) 7.5% (2008: 7.2%).
• Profit after tax € 8.9 million (2008: € 9.3 million); slight decrease, also due to tax and currency effects.
• Public markets remain robust: transportation, water, energy and environment.
• Private market deteriorated; less volume in building and industry.

Comments Sylvo Thijsen, CEO Grontmij N.V.:
"Our public related market sectors remain robust: transportation, water, energy and environment are winning new orders and recruiting additional staff. In some countries we are also experiencing a positive impact from the governmental stimulus packages.
However, the private sector parts of the building and industry markets as well as the real estate market are deteriorating, leading to postponement or even cancellation of orders.
As a result competition and pressure on growth and prices increases which makes 2009 an even more challenging year.

In response to the different market conditions impacting different parts of our business we are focussing on expanding where conditions are favourable, benefiting from closeness to the market, longstanding good customer relationships and an increased demand for sustainable and climate related solutions. At the same time we are reducing costs and capacity in the parts of the business that are affected by the economic downturn”.

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