Strong recovery in profit for VolkerWessels
Dutch market conditions remain difficult Operating profit (EBITDA): € 227 million (2012: € 138 million) Net result: € 117 million profit (2012: € 123 million loss) Write-down of land and real estate holdings: € 11 million (2012: € 196 million) Revenue: € 4.5 billion (2012: € 4.9 billion) Order book: € 6.1 billion (2012: € 5.5 billion)
VolkerWessels achieved a net profit of € 117 million in 2013. The company's results significantly improved and operating profit (EBITDA) grew by € 89 million to € 227 million. The secured order book increased by € 0.6 billion, to stand at € 6.1 billion as at 31 December 2013. The quality of our order book is also improving, with multi-year frameworks and maintenance contracts creating a stable foundation for the longer term. Our liquidity position is also developing well and VolkerWessels is net debt-free at the end of 2013.
Jan van Rooijen, CFO, said: "After a disappointing year in 2012, VolkerWessels saw a strong recovery in profits last year. We are pleased with the solid results because all sectors contributed to the profit recovery. We recorded a positive net result in all sectors. Despite shrinking volumes, overcapacity and price pressure, our focus on margin rather than volume and on risk management was instrumental in the healthy development of our results. Our strategy, which focuses on broadening the value chain and the spread of our activities and regions, yielded a solid result."