Ballast Nedam Trading Update For The Third Quarter Of 2013: Disappointing Third-Quarter Operations
Disregarding the results of disposals, we expect an operating loss for the full year 2013 because of the disappointing results at several companies and the ongoing reorganizations. We refrain from further quantification of the forecast in view of the persistent uncertainty surrounding substantial additional work on a major project and the completion of disposals in 2013. In the half-year update we issued a forecast for the full year 2013 of an operating profit of approximately € 15 million.
Ballast Nedam engages in integrated projects in The Netherlands in four areas of work: housing, mobility, energy and nature. Within this area we focus on the niche markets: industrial construction, offshore wind turbines, secondary raw materials and alternative fuels. In a number of areas of expertise, we also operate internationally. The Ballast Nedam share is included in the Amsterdam Small Cap Index (AScX) of NYSE Euronext.
Ballast Nedam's approach is based on life cycle thinking and acting: we develop, construct, manage and recycle. We are involved in long-term management, maintenance and operation of projects and organize financial feasibility. Our supply and specialized companies deliver competitive edge through innovation, cost leadership and purchasing strength. Ballast Nedam's range of services is shifting towards modular products and specific product-market combinations with greater added value.
Ballast Nedam creates enduring quality combined with lower life cycle costs for its customers and society. http://www.ballast-nedam.comSOURCE Ballast Nedam
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