Oranjewoud N.V. Results for Q3 2011
Net profit more than doubles, net revenue down
- Net revenue fell significantly by 10.6% to €493.7 million (2010: €552.0 million)
- EBITDA fell significantly by 8.0% to €24.5 million (2010: €26.7 million)
- The backlog dropped to €2.2424 billion (2010: €2.3129 billion), a decrease of 3.0%
- Solvency rose from 13.3% to 17.8% and outside of PPP projects, it rose from 17.1% to 24.5%
- Net profit has enjoyed strong growth (+137.9%)
- Revenue and profit in line with expectations, no projections for Q4
For further information please contact:
Oranjewoud N.V.
Mr. G.P. Sanderink, CEO
Telephone: +31 (0)182 64 80 00
Mr. P.G. Pijper, CFO
Telephone: + 31 (0)36 530 81 91