Brief: Heijmans H1 Result After Taxes Stable At EUR 15 Million

Koninklijke Heijmans NV

21/08/2020 06:33

Aug 21 (Reuters) - Heijmans NV  HEIJ.AS :
    * REG-STRONG PERFORMANCE DESPITE MARKET CHALLENGES
    * EXPECTED REVENUE, UNDERLYING EBITDA IN 2020 AT LEAST EQUAL
TO
2019
    * H1 ORDER BOOK REMAINS HEALTHY AT € 2.0 BILLION
    * H1 REVENUE AND UNDERLYING EBITDA MORE THAN 10% HIGHER THAN
LAST
YEAR
    * IMPACT COVID-19 EFFECTIVELY ABSORBED IN H1, UNCERTAIN
IMPACT IN
THE MEDIUM TERM
    * REVENUE CAME IN AT €839 MILLION IN THE FIRST HALF OF 2020,
AN
INCREASE OF 15% COMPARED TO LAST YEAR (FIRST HALF 2019: € 730
MILLION)
    * H1 HOME SALES COMPARABLE WITH 2019
    * WE HAVE A WELL-FILLED ORDER BOOK AND I AM CONFIDENT ABOUT
THE
FUTURE-CEO
    * NET DEBT STOOD AT € 43 MILLION AT END-JUNE 2020 (END-JUNE
2019:
€ 99 MILLION).
    * OUR MEDIUM TERM PROSPECTS WILL DEPEND ON THE SPEED OF
ECONOMIC
RECOVERY-CEO
    * THE IMPACT OF THE VIRUS ON OUR BUSINESS OPERATIONS REMAINS
UNCERTAIN
    * H1 UNDERLYING EBITDA EUR 41  MILLION VERSUS EUR 36 MILLION
YEAR
AGO
    * H1  RESULT AFTER TAXES EUR 15 MILLION VERSUS EUR 15
MILLION YEAR
AGO
    * STRONG CASH POSITION, CREDIT FACILITY UNUSED
    * CASH AND CASH EQUIVALENTS YTD JUNE EUR 89 MILLION VERSUS
EUR 49
MILLION YEAR AGO

Source text for Eikon:  ID:nGNE6lFzMw 
Further company coverage:  HEIJ.AS 

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