Brief: Heijmans Sees Underlying EBITDA Of At Least EUR 100 Mln In 2021

Koninklijke Heijmans NV

03/11/2021 06:22

Nov 3 (Reuters) - HEIJMANS NV  HEIJ.AS :
    * HEIJMANS FORESEES IMPROVED OPERATING PROFIT 2021
    * VERY STRONG PROJECT RESULTS ON SLIGHTLY LOWER VOLUME IN Q3
    * ORDER BOOK STANDS AT € 2.0 BILLION IN Q3, FIRM AND WELL
DISTRIBUTED
    * TARGETS UNDERLYING EBITDA AT LEAST AT € 100 MILLION IN
2021
(INCLUDING A PROVISION FOR WINTRACK II CASE) ON COMPARABLE
REVENUE
    * HEIJMANS CURRENTLY EXPECTS ITS OPERATING PROFIT TO
INCREASE BY
AT LEAST 20% COMPARED WITH 2020 AT A COMPARABLE LEVEL OF REVENUE
- CEO
    * I ALSO EXPECT TO SEE HIGHER NET PROFIT COMPARED TO 2020,
DESPITE
THE EFFECTIVE TAX RATE LAST YEAR BEING CLOSE TO ZERO - CEO
    * WE REMAIN VIGILANT TO RISING PROCUREMENT PRICES AND THE
AVAILABILITY OF LABOUR, EQUIPMENT AND MATERIALS
    * INDUSTRYWIDE WE ARE LOOKING WITH INTEREST AT THE CONTOURS
THE
NEW CABINET WILL PROVIDE US IN TERMS OF THE MEASURES TO BE TAKEN
IN THE HOUSING MARKET AND THE URGENT NITROGEN EMISSIONS ISSUE
    * CASH POSITION CONTINUES TO DEVELOP STRONGLY

Source text: https://bit.ly/3BF1LIW
Further company coverage:  HEIJ.AS 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587 696 600;))