Turnover grew by nearly 13% to € 4.7 billion. Operating profit (EBITDA, € 180 million) and net profit (€ 81 million) were slightly down on 2010 due to write-downs in Building & Property Development and setbacks at Energy & Telecom. The order book has grown by 7% to € 5.5 billion. We have also worked on developing our long-term maintenance and service contracts further. Our turnover in service and maintenance grew to around € 500 million in 2011. These long-term contracts provide additional stability and healthy margins.
Gerard van de Aast, Chairman of the Management Board, says:
"Once again, by focusing on the company's growth VolkerWessels has achieved solid profits despite difficult market conditions and a number of setbacks. The positive developments in turnover, the order book and margins in most of our businesses resulted in a healthy, expanding market position."
Read the entire press release in the attached PDF.