2011 annual figures for listed company Oranjewoud N.V.
Sharp Rise in Operating Result (EBITDA)
Gouda – Netherlands, April 11, 2012
- Net revenues rose sharply by 151% to €1,743.4 million (2010: € 694.9 million) due to consolidation of a omplete fiscal year’s revenue from Strukton Groep N.V. (2010: two months)
- Operating result (EBITDA) rose significantly by 93% to €84.3 million (2010: €43.7 million).
- Net profits after tax rose sharply by 26% to €17.9 million (2010: €14.2 million)
- The percentage increase in net profits after tax lagged behind the increase in the operating result (EBITDA) as a result, in particular, of the amortization – (non-cash) item – based on the Purchase Price Allocation of Strukton Groep N.V. This effect will subside over the coming years (see below in the Amortization table).
- Solvency rose to 22.2% (2010: 13.4%). Excluding PPP projects, solvency rose to 25.0% (2010: 17.2%).
- The backlog fell slightly to €2,247 million (2010: €2,358.6 million).
- No statement regarding projections for 2012.
For further information please contact:
Oranjewoud N.V.
G.P. Sanderink, CEO
P.G. Pijper, CFO
+31 (0)36 530 81 91