This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ballast Nedam Trading Update For The Third Quarter Of 2013: Disappointing Third-Quarter Operations

Phase 1B of (Y)ours Leiden consists of 117 starters' apartments, 60 of which are for rent and 57 owner-occupied. More than 90% of the owner-occupied homes have been sold. VORM Ontwikkeling, Ballast Nedam and Syntrus Achmea Real Estate & Finance are developing and constructing (Y)ours Leiden, the most sustainable student campus in Europe, with 1900 student apartments, 205 starters' homes, and associated facilities.

On behalf of the Ymere housing association, two of the five apartment buildings on Tugelaweg in Amsterdam-Oost are being replaced by mixed new building. The 157 newly built homes are a combination of 85 social housing units, 33 for market rent, and 39 owner-occupied.

Not yet included in the order book is the integrated performance contract for the operational management and maintenance of all dry infrastructure for the Port of Rotterdam for a five-year period, which Ballast Nedam won in the third quarter. Student accommodation organization DUWO has recently opted for modular construction for the final phase of the Uilenstede campus redevelopment and new construction in Amstelveen. The building of 233 new homes will have exactly the same appearance as the other new campus buildings. Modular building up to eleven floors is a first for Ursem Modular Building Systems.

The net financing position comprised a debt position of € 116 million, which includes net cash of € 44 million. The debt position at half year was € 124 million. The financing requirement is higher in the course of a year than at year-end.

The sale of the raw material company Yvoir was completed in July. This sale is in line with Ballast Nedam's objective to improve the financial position. Negotiations are ongoing regarding the sale of the interest in the raw material company Beheermaatschappij Bontrup. Agreement on terms has yet to be reached with Remex Mineralstoff, which had made a non-binding bid for Feniks Recycling.

2 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,356.87 +288.00 1.69%
S&P 500 2,012.89 +40.15 2.04%
NASDAQ 4,644.3120 +96.4780 2.12%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs