Koninklijke VolkerWessels N.V. announced unaudited consolidated earnings results for the first half June 30, 2017. For the period, the company reported revenue of EUR 2,668 million compared to EUR 2,572 million a year ago. Operating result was EUR 61 million compared to EUR 35 million a year ago. Result before tax was EUR 62 million compared to EUR 24 million a year ago. Net result from continuing operations was EUR 49 million compared to EUR 17 million a year ago. Net result attributable to shareholders was EUR 36 million compared to EUR 25 million a year ago. EBITDA was EUR 90 million compared to EUR 75 million a year ago. Basic and diluted earnings per share were EUR 0.45 compared to EUR 9.01 a year ago. Basic and diluted earnings per share from continuing operations were EUR 0.44 compared to EUR 5.68 a year ago. The capital expenditures relating to tangible fixed assets amounted to EUR 35 million, 1.3% of revenue compared to EUR 32 million, 1.2% of revenue a year ago. Net debt was EUR 103 million compared to EUR 277 million a year ago. Net cash flow used in operating activities was EUR 181 million compared to EUR 212 million a year ago. Investment in tangible fixed assets was EUR 35 million compared to EUR 32 million a year ago. Investment in intangible fixed assets was EUR 8 million compared to EUR 1 million a year ao.


The company is on track to deliver on its medium term objectives. The company is confident that full year EBITDA and net result from continuing operations will increase versus 2016.