Heijmans shares at over 16-yr highs on 'rock solid' FY, outlook

Koninklijke Heijmans NV

21/02/2025 09:22

** Shares in Dutch construction services company Heijmans
 HEIJ.AS  rise 10%, to their highest since September 2008, after
better-than-expected FY
    ** FY "beats on every single line item," ING says
    ** "We expect the stock to trade higher on today's rock
solid earnings release and positive 2025 outlook statement,"
adds broker
    ** Heijmans expects 2025 revenue of 2.75 billion euros 
($2.88 billion) on the back of a further increase in home sales,
the current high quality order book and growth in the recurring
business in the Non-residential and Infrastructure divisions
    ** Group sold 3,181 homes in 2024, up 23% YoY
    ** "All three operating divisions performed strongly
throughout 2024, this while Dutch construction market conditions
have been challenging," says ING



($1 = 0.9551 euros)

 (Reporting by Dimitri Rhodes)
 ((Dimitri.rhodes@thomsonreuters.com))