Brief: Heijmans H1 Underlying EBITDA Up At EUR 25 Million

Koninklijke Heijmans NV

21/08/2019 06:17

Aug 21 (Reuters) - HEIJMANS NV  HEIJ.AS :
    * H1 UNDERLYING EBITDA (EXCLUDING. IFRS 16) IMPROVES IN
FIRST
HALF: EUR 25 MILLION (FIRST-HALF 2018: EUR 20 MILLION)
    * H1 NET RESULT AFTER TAXES EUR 15 MILLION (FIRST HALF OF
2018:
EUR 8 MILLION)
    * ORDER BOOK INCREASES TO EUR 2.1 BILLION AT END-JUNE
(YEAR-END
2018: EUR 2.0 BILLION)
    * H1 REVENUE LOWER IN FIRST HALF: EUR 730 MILLION (FIRST
HALF
2018: EUR 780 MILLION)
    * NET DEBT (EXCLUDING. IFRS 16) EUR 23 MILLION AT END-JUNE
2019
(END-JUNE 2018: EUR 14 MILLION)
    * WE ARE LOOKING FORWARD TO THE SECOND HALF OF THIS YEAR
WITH
CONFIDENCE
    * HEIJMANS IS ON TRACK TO RECORD A GOOD RESULT FOR 2019
    * HEIJMANS EXPECTS ITS NET DEBT POSITION AT YEAR-END 2019 TO
STAND
AROUND THE SAME LEVEL AS AT YEAREND 2018
    * FOR FY, WE EXPECT TO INCREASE THE RESULT ON SLIGHTLY LOWER
REVENUES WHILE MAINTAINING HEALTHY MARGINS
    * LONG-TERM OUTLOOK FOR  HOUSING MARKET REMAINS POSITIVE
    * H1 LOWER REVENUES CAUSED BY DELAYED CONSTRUCTION START OF
SEVERAL INNER CITY PROPERTY DEVELOPMENT PROJECTS

Source text for Eikon:  ID:nGNE30NFVy 
Further company coverage:  HEIJ.AS 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))