In view of uncertainties surrounding the developments during the 2nd half of the year, Heijmans does not make any forecasts on the results for the full year 2008.
Rob van Gelder, Chairman of the Executive Board:
"The results are quite frankly disappointing. We will have to chart a new course over the coming months to get Heijmans back on track. This will however require outlays before benefits can be reaped."
Highlights for the first half of 2008
- Good results reported by the Property Development Division Netherlands: the market is stagnating;
- Building activities in the Netherlands still reporting losses;
- Losses in road construction in the Netherlands due to excess capacity of asphalt production plants, slim margins and project losses on certain large construction works;
- Losses on building and property development activities in Belgium;
- Financing ratios were amply met by managing capital requirements;
- The order book remains at a satisfactory level: but margins are under pressure;
- No statements on expectations for full year 2008 result.
The full press release can be read in the attached PDF file.
For additional information:
Media
Frank Janssen
Director of Corporate Communications
+31 73 54 35 169
Analysts
Michiel Segers
Director of Investor Relations
+31 73 54 35 190
