Highlights:
  • Number of homes sold increased to 746 in the first half of 2015 (first half 2014: 482 homes sold). Number of homes sold to private buyers more than doubled;
  • Underlying operating result first half 2015 € 11 million negative (first half 2014: € 7 million negative): significantly improved result at Property Development and Residential Building could not compensate the lower result of the Dutch Infra activities;
  • Net result € 15 million negative (first half 2014: € 8 million negative); 
  • Solvency virtually unchanged at 29%; Net debt € 108 million at end-June 2015 (end-June 2014: € 99 million).

Bert van der Els, Chairman of the Executive Board / CEO of Heijmans:
"The Dutch housing market is recovering and we can see the effects of this in the revenues and results of Property Development and Residential Building. Our expertise in housing concepts, urban development and transformation positions us in a good position to capitalise on the opportunities in the residential sector in the coming period. The Heijmans Woon Concept (residential concept), the Wijnhaven area in The Hague, the Timmerhuis and Fenixloodsen projects in Rotterdam, the transformation of the former Parool tower and the Trouw building in Amsterdam are just a few appealing examples of our expertise. At the same time we remain in the tail-end of the economic crisis, leaving the overall picture for Heijmans much to be desired. The results of the Dutch Infra activities in particular are lagging more than we had anticipated. Previously announced measures have been implemented but the financial effects are not yet visible. The improved margin potential of newly acquired projects and service activities does not yet outweigh the poor conditions on longer-running projects that still have to be completed. In the face of a turbulent market, Heijmans is operating with a healthy solvency ratio and complies with the covenants as agreed with our financiers. Clearly, operating results need to improve. This is our highest priority and I am confident that this will become visible in the second half of the year."

About Heijmans
Heijmans is a listed company that combines activities related to property development, residential building, non-residential building, roads and civil engineering in the working areas living, working and connecting. Heijmans is active in the Netherlands, Belgium and Germany and as a technology partners delivers know-how and concepts in various markets. Our constant focus on quality improvements, innovation and integrated solutions enables us to generate added value for our clients. Heijmans realises projects for private consumers, companies and public sector bodies.
With approximately 6,800 employees and revenues of more than € 900 million in the first half of 2015, we are building the spatial contours of tomorrow. You will find additional information on www.heijmans.nl

For more information / not for publication:

Media
Marieke Swinkels-Verstappen
Communications
+31 73 543 52 17
mswinkels-verstappen@heijmans.nl 

Analysts
Mark van den Biggelaar
Investor Relations
+ 31 73 543 52 18
mbiggelaar@heijmans.nl



Full press release:
http://hugin.info/130707/R/1946383/706253.pdf


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Source: Heijmans NV via Globenewswire
HUG#1946383