Press release BoxID: 556892 (Imtech N.V)
  • Imtech N.V
  • Kampenringweg 45-A
  • 2803 Gouda
  • Contact person
  • Pieter Koenders
  • +31 (655) 74 65 85

Imtech: Reconfirmation Trading Update Q3 2012

(PresseBox) (Gouda, ) .
- Imtech remains within the covenants agreed with lenders
- Working capital objective remains unchanged between 6% and 6.5% at year-end
- Maintaining expected EBITA growth 2012, excluding reorganization provision
- Order book Q3 2012 increased by 12% to 6.4 billion euro
- Maintaining strategic growth plan 2015

Royal Imtech NV (IM-AE, technical services provider in and outside Europe) reconfirms its Trading Update Q3 2012. These following recent statements in the media and the response on the stock exchange market.

René van der Bruggen, CEO Imtech: 'Imtech is on track for further growth, despite difficult market conditions in a number of countries and markets. Excluding a one-time provision of 50 million euro million for a reorganization of the building activities in the Benelux, in Spain and a limited reorganization of our maritime activities, Imtech maintains its statement for further EBITA growth in 2012 compared to 2011 through a combination of organic growth and acquisitions. The order book Q3 2012 increased by 12% to 6.4 billion euro (Q3 2011: 5.7 billion euro).'

'The financial position of Imtech is stable. The financial ratio remains within the covenants agreed with lenders, which is the average net interest-bearing debt divided by the EBITDA. The agreed rate is 3.0; in the first half of 2012 this ratio was 1.9. The working capital to revenue target remains unchanged between 6% and 6.5% at year-end (2011: 5.6%).'

'Imtech's long-term strategic growth plan remains unchanged. This growth plan foresees revenue of 8 billion euro in 2015 with an operational EBITA margin of between 6% and 7%. This growth will be divided more or less equally between organic growth and growth through acquisitions. Imtech has sufficient financial means at its disposal to finance this growth. We are fully confident about the future.'

Imtech N.V

Royal Imtech N.V. is a European technical services provider in the fields of electrical solutions, ICT (information and communication technology) and mechanical solutions. With 29,000 employees, Imtech achieves annual revenue of more than 5.1 billion euro. Imtech holds strong positions in the buildings and industry markets in the Netherlands, Belgium, Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway, Finland, the UK, Ireland, Turkey and Spain, the European markets of ICT and Traffic as well as in the global marine market. In total Imtech serves 23,000 customers. Imtech offers added value with integrated and multidisciplinary total solutions that lead to better business processes and more efficiency for customers and the customers they, in their turn, serve. Imtech also offers solutions that contribute towards a sustainable society, for example in the areas of energy, the environment, water and traffic. Imtech shares are listed on the NYSE Euronext Amsterdam, where Imtech is included in the Midkap Index. Imtech shares are also included in the Dow Jones STOXX 600 index.