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Sat November 17 2018

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VolkerWessels sees strong recovery in profit

14 Mar 14 VolkerWessels achieved a net profit of €117m (£70m) in 2013 after making a €123m loss the previous year.

The company's results improved significantly and operating profit (EBITDA) grew by €89m to €227m. The secured order book increased by €0.6bn, to stand at €6.1bn as at 31 December 2013.

The company said that the quality of our order book is also improving, with multi-year frameworks and maintenance contracts creating a stable foundation for the longer term.

Chief financial officer Jan van Rooijen 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."

MPU

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