The Netherlands: Royal Imtech NV Sees Order Book Increase for First Quarter of 2012

Royal Imtech NV (technical services provider in and outside Europe) has seen a robust increase in its order book during the first quarter of 2012, as compared with the same period last year. Imtech is firmly on course and maintains its outlook for the entire year 2012 with a further increase in EBITA, through organic growth and acquisitions. Imtech also maintains its long-term strategic plan to achieve revenue of 8 billion euro by 2015 with an operational EBITA margin between 6% and 7%.

René van der Bruggen, CEO Imtech: “During the first few months of 2012, the order book showed robust growth, both organic and by means of acquisitions. In Germany and Eastern Europe, the Nordic region, the UK & Ireland and the European ICT market, Imtech is developing well. In particular in the UK & Ireland and the Nordic region, the growth of the order book is strong. In the European traffic market Imtech shows modest growth. In the Benelux and Spain the markets are challenging. In the global marine market the new build portfolio is slowing down, in particular in North-Western Europe. On the other hand, maintenance, services and activities outside Europe are growing. The healthy financial position remains unchanged. Imtech maintains both the outlook for further growth in EBITA in 2012 as its long-term growth target for 2015.”

ICT, Traffic & Marine

In the European ICT market customers ask for ‘IT as a Service’, shared and customer-specific configurable IT software and infrastructure without having to invest. Imtech’s strategic focus is a perfect match. For this reason, Imtech shows healthy growth. The Swedish company Qbranch (private clouds technology), acquired last year is developing very well.

The order book in the European traffic market is showing limited growth. The focus is on traffic management in and between various major cities within Europe, for instance in London and Copenhagen. A new traffic management system is ImFlow, enabling reduction of traffic queues, improvement of public transport and significant decrease of CO2 emissions.

Within the global marine market, the maintenance and services activities further increase; however, the new build portfolio is slowing down, in particular in North-Western Europe. On the other hand, orders in China, Turkey and Canada are on the increase.

Imtech’s financial position is stable and remains well within the margins of the covenants agreed with lenders.

[mappress]

Source: imtech, April 24, 2012