Ballast Nedam Annual Figures For 2012: Tough Year, Firm Intervention, Accelerated Profile Change
The order book remained unchanged at € 90 million and the total assets went down by € 8 million to € 131 million.
Supplies x EUR 1 million 2012 2011 Revenue 216 232 EBIT 2 4 Margin 0.9% 1.7% Order book 56 54 Assets 205 221
The markets for the high-grade hard stones and reprocessed raw materials were still reasonable. There was great pressure on the deliveries of raw materials to the concrete industry and the prefabricated concrete market.
The revenue of Supplies decreased by € 16 million to € 216 million as a result of the poorer market conditions in the Netherlands. Last year additional revenue was still being obtained from deliveries from the Norwegian quarry to Maasvlakte.
Operating profit declined by € 2 million to € 2 million, mainly because of an asset write-down at Rademakers Gieterij and a prefabricated concrete company. Disregarding write-downs and reorganization expenses, the operating profit improved from € 7 million for 2011 to € 9 million, which is mainly attributable to a reduction in the losses of prefabricated concrete companies and the favourable administration of a claim.The raw material companies achieved a lower but positive profit because of the lower revenue. On the secondary raw materials niche market, Feniks Recycling also made a fine contribution, as it also did in 2011, thanks to high metal prices, as the shrinking infrastructure market put pressure on the sales of the remaining waste processing ash. The prefabricated concrete companies incurred a modest loss because of the price pressure resulting from the poor market conditions and the start-up of the iQwoning® plant. The new associates Ursem Modulaire Bouwsystemen and Concrete Valley made a positive contribution. The order book of € 56 million remained largely unchanged. There was an underlying increase in the order book at Feniks Recycling and a decrease in that of the prefabricated concrete companies.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts