Brief: Heijmans Raises EBITDA Outlook To At Least EUR 120 Mln

Koninklijke Heijmans NV

01/11/2023 06:41

Nov 1 (Reuters) - Koninklijke Heijmans NV  HEIJ.AS :
    * HEIJMANS RAISES OUTLOOK FOR UNDERLYING EBITDA TO AT LEAST
€ 120
MILLION (WAS AT LEAST € 107 MILLION), DUE TO RELEASE OF WINTRACK
II PROVISION
    * ORDER BOOK STANDS AT € 2.6 BILLION AND REMAINS AT A STRONG
LEVEL
    * SALES OF NEW-BUILD HOMES IN Q3 WERE STABLE WHEN COMPARED
WITH Q3
2022, BUT WERE LOWER THAN  PREVIOUS YEARS DUE TO DIFFICULT
MARKET CONDITIONS
    * Q3 INFRA AND BUILDING & TECHNOLOGY REVENUE MORE THAN
OFFSETS
DECLINING PROPERTY DEVELOPMENT  REVENUE
    * NUMBER OF NEW HOMES SOLD YTD (THROUGH OCTOBER): 1,201
(2022 YTD:
1,304; -8%)
    * IN Q3, WE SAW ADDITIONAL INVESTMENT FROM HOUSING
CORPORATIONS
AND A SLIGHT RISE IN THE SALE OF HOMES TO CONSUMERS
    * IN Q3 WE SAW A DECLINE IN THE SALE OF HOMES TO
INSTITUTIONAL
INVESTORS

Further company coverage:  HEIJ.AS 

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