Grontmij reports 2nd quarter and half year 2015 results


Recommended public offer by Sweco launched, divestment of remaining French activities completed

De Bilt - Grontmij N.V. a listed consulting & engineering company with strong European presence, today announces its results for the second quarter and first half of 2015. In the second quarter, markets did not significantly change compared to the first quarter of 2015. EBITA margin excluding exceptional items in the second quarter of 2015 was 2.2% (Q2 2014: 2.8%), mainly impacted by weak performance in the Netherlands. On 1 June 2015, Grontmij and Sweco jointly announced the intended public offer by Sweco for all issued and outstanding ordinary shares in the capital of Grontmij. The offer process is progressing on schedule, with the recommended public offer launched on 13 July 2015. Grontmij has convened an extraordinary general meeting of shareholders to be held on 28 August 2015 at 2pm in Amsterdam. For full details please refer to the convocation press release and agenda with notes as published on our website. On 30 June 2015, Grontmij announced the completion of the divestment of all remaining French activities, which had a significant negative effect on the net result for the Group, albeit in line with earlier announced guidance.

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