Operating margin improved to 3.3 % mainly driven by increased operational efficiencies and economies of scale as well as an underlying improvement in Royal HaskoningDHV's key markets. The net half year result of € 4.6 million represents a significant improvement over that of 2013. Revenue decreased by € 10 million compared to first half year of 2013, mainly due to currency effects.
Operations within the Business Lines have shown a marked improvement with Planning & Strategy, Rivers, Deltas & Coasts and Water Technology making a step change in performance since the start of the year. In particular there has been a high level of demand for the company's flood protection consultancy services following the winter storms in Europe and further afield. Also notable is the progress being made by Royal HaskoningDHV's innovative biological wastewater treatment technology, Nereda, which is now being implemented in some ten countries in addition to the Netherlands.
Moving into the second half of 2014, the focus will be on increasing the level of project successes across all markets followed by effective client oriented delivery. Overall, Royal HaskoningDHV is certainly looking forward to the second half of the year, and the longer term future, with confidence.
Market developmentsRoyal HaskoningDHV has secured some significant projects in the Middle East, Asia and Africa and, with the downward economic trend now reversing, project opportunities are also on the increase. The company remains strong in the Netherlands, although competition is fierce. The UK market is picking up again while in South Africa the company is experiencing fierce competition from global players. Royal HaskoningDHV's worldwide spread of activities continues to allow effective diversification of its activities in response to regional and local market developments.
Key figures first half year
(€ million unless otherwise mentioned)
Selection of significant projects executed in the first half of 2014
- International roll-out of our innovative Nereda wastewater treatment technology in Brazil (6 plants) and Ireland (2 plants);
- NACO's project of upgrading Viracopos Airport near São Paulo in time for the World Cup Brazil;
- Managing and implementing the € 220 million and 15 year Moray Flood Alleviation Scheme in Scotland, United Kingdom;
- Structural design of the Rotterdam Market Hall, the Netherlands;
- Project and process management for the redevelopment of Food Center Amsterdam, the Netherlands;
- Improving infrastructure safety and traffic flows for Jeddah, Saudi Arabia;
- Master plan, design and contracting for the expansion of the Port of Beira for the port's terminal operator CFM/Cornelder, Mozambique
- Design of Johannesburg’s € 98 million Rea Vaya Bus Rapid Transit System which includes the Great Walk, a 6 km walkway and cycling path between Alexandra and Sandton business district, South Africa.
Integrity and corporate responsibilityRoyal HaskoningDHV's very high standards in integrity have resulted in the extension of its Ethic Intelligence Certificate.
In South Africa Royal HaskoningDHV is joining Cycology and the Green Building Council in a campaign to create awareness of green mobility alternatives with a focus on electric bicycle commuting and the development of cycling routes.
In the Philippines Royal HaskoningDHV set up a Project Planning & Control Department at the Gawad Kalinga NGO which is capable of organising the construction of 20,000 houses in the area affected by typhoon Haiyan. The Royal HaskoningDHV team was sponsored by colleagues who donated their holidays.
AwardsRoyal HaskoningDHV is proud to work on award-winning projects, programmes and designs.
- The urban water strategy for the City of Hoboken by OMA and Royal HaskoningDHV was one of the winning solutions in the Rebuild by Design Competition initiated by the US Presidential Hurricane Sandy Rebuilding Task Force.
- The Dutch National Nereda Research Program NNOP has won the International Water Association Project Innovation Honour Award 2014 in the category Applied Research.
- The Council on Tall Buildings and Urban Habitat has announced the Dutch 'De Rotterdam' as Best Tall Building Europe 2014. Royal HaskoningDHV was the lead structural designer.
- Royal HaskoningDHV's folding lock gate won the annual Innovation Award ('Vernufteling') of the Dutch association of consulting engineers.The yet to be built underground three storeys deep bicycle shelter for 12,500 bicycles at the Dutch City of Utrecht's central railway station won the European Sustainable Mobility Award.
- South Shields' Littlehaven Promenade and Sea Wall project in the UK has won two prestigious awards, the Royal Institution of Chartered Surveyors' North East Renaissance Awards 2014 for Infrastructure, and the Institution of Civil Engineers North East Robert Stephenson Award.
- The largest civil works design-build project in the U.S. Army Corps of Engineers' history, the US$1.35 billion New Orleans Inner Harbor Navigation Canal Surge Barrier, was named the winner of the American Society of Civil Engineers' 2014 Outstanding Civil Engineering Achievement Award. Royal HaskoningDHV was part of the team for redesigning and improving the flood defence systems after Hurricane Katrina.