Brief: Heijmans H1 Result After Tax Down At EUR 10 Mln

Koninklijke Heijmans NV

20/08/2021 06:28

Aug 20 (Reuters) - HEIJMANS NV  HEIJ.AS :
    * H1 TURNOVER HIGHER THAN LAST YEAR THANKS TO INFRASTRUCTURE
AND
REAL ESTATE
    * IN 2021 INFRA WILL PERFORM EXCESSIVELY IN TERMS OF
TURNOVER AND
MARGIN
    * CASH POSITION HAS DEVELOPED POSITIVELY, H1 NET CASH € 44
MILLION
    * H1 UNDERLYING EBITDA EUR 35 MILLION VERSUS EUR 41 MILLION
YEAR
AGO
    * FOR 2022, WE FORESEE A PERFORMANCE THAT WILL BE MORE IN
LINE
WITH 2020 DUE TO THE LACK OF SOLUTIONS IN THE NITROGEN DOSSIER
AND EVER-DELAYING TENDERS FOR LARGER PROJECTS
    * H1 RESULT AFTER TAXES EUR 10 MILLION VERSUS EUR 15 MILLION
YEAR
AGO
    * WE ARE SOMEWHAT LESS DEPENDENT ON THE LARGER TENDERS
    * H1 ORDER BOOK EUR 2.04 BILLION VERSUS EUR 1.97 BILLION
YEAR AGO
    * REVENUE IN H1 2021 WAS €881 MILLION COMPARED TO €839
MILLION IN
THE SAME PERIOD LAST YEAR, A GROWTH OF 5%
    * 2021 NET RESULT WILL COME IN SLIGHTLY LOWER THAN LAST YEAR
    * 2021 TOTAL ANNUAL REVENUE WILL REMAIN AT A COMPARABLE
LEVEL AS
IN 2020
    * REPORTS PRUDENTIAL PROVISION OF € 34 MILLION MADE AFTER
DISAPPOINTING WINTRACK II JUDGMENT, APPEAL IN PREPARATION

Source text for Eikon:  ID:nNDL3tnHC9 
Further company coverage:  HEIJ.AS 

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