I’m confident that our strategic direction and the programs we now have in place, will fully support our long-term ambition.
CEO Royal HaskoningDHV
Nynke Dalstra, CFO: "In the first half of 2018 we continued to invest significantly in digital transformation and innovation. For example, we have trained 980 employees in BIM, Python, Revit and more. We also signed partnerships to firm up our digital skills and portfolio that add value to our clients and employees which is also reflected in remaining high client satisfaction and job satisfaction scores.”
Financial performanceThe continued investment in the future of the company came with corresponding innovation costs and hours. The results were also negatively impacted by bad debt provisions for late payments and exchange rate differences. EBITA recurring performance was down to €9.5 million. The net half year result of €4.9 million represents a decrease compared to 2017. The order book is healthy and compared to a very strong first half of 2017 it grew 3%. Organically, operating income increased with 0.9% compared to the first half year of 2017. Free cash flow was negative due to seasonal influences and comparable to last year. This, together with an equity ratio of 51.8%, leaves the business in a healthy financial position.
Financial H1 key figures
|(€ million, unless stated otherwise)
|EBITA margin (recurring)||4.9||6.7|
|Free cash flow||-26||-24|
|Total workforce (year-end headcount)||5,823||5,864|