2006 an excellent year for Imtech: EBITA +31%, net profit +33%
- 2006 an excellent year for Imtech:
- EBITA: 113.3 million euro, + 31% (organic + 13%)
- Total revenue: 2,839 million euro, + 19% (organic + 7%)
- Operational EBITA margin: 4.5% (2005: 4.1%)
- Net profit: 67.7 million euro, + 33%
- Earnings per share: 2.75 euro, + 33% - Order portfolio 2006: a substantial 22% increase to 2,924 million euro and of a good quality
- Prospects 2007: a further increase of EBITA through organic growth and acquisitions
All the growth signals are on green
Gouda - when explaining the results of European technical services provider Imtech N.V., René van der Bruggen, Chairman of the Board of Management, stated: '2006 was an excellent year for Imtech with high organic growth, substantial strengthening through good acquisitions and an order portfolio that had grown robustly and that contained a better quality of profit potential. The results achieved in previous years were exceeded on all fronts. This proves that Imtech's strategy is paying off. If economic conditions develop positively, Imtech is capable of achieving rapid growth.'
René van der Bruggen: At the end of 2005 we could already see that the geographical and technological markets relevant for Imtech were developing well. Thanks to our strategy, and the composition of our activity portfolio we have achieved in Europe and in the international marine market, we were able to profit from the positive developments. In January 2006 we announced that we were very confident about the year ahead and that in the years to come Imtech was on the way to achieving an organic EBITA growth of between five and ten percent (2005: 3.1%, 2004: 2.6%). With an organic growth of 13.3% we exceeded our own expectations, which is definitely a good performance.'
'The European technology market developed positively', according the Chairman of the Board of Management. 'By investing in technology the business world, authorities and non-profit organisations are better able to achieve their objectives. Because Imtech can offer total solutions by combining electrical engineering, ICT (information and communication technology) and mechanical engineering, we can profit from this trend. It also appears that more and more often Imtech is able to meet the growing demand for sustainable technological solutions that contribute towards reduced energy consumption, reduced emissions of environment-polluting materials, improved mobility and increased security.'
'The success of Imtech's strategy is clear to see: a strong track-record with substantial growth figures, both organic and through the integration of successful acquisitions. Imtech is well on the way to becoming one of the strongest players in the European services provision market and the global marine market. The outlook for 2007 gives cause for optimism. All the growth signals are on green. Not just because we have a good order portfolio but also because, in-line with our strategy, we are continuing to seek out companies with good positions in technological growth markets that we can acquire and add to our portfolio', according to René van der Bruggen.
Complete Press Release including Financial Summeries