The turnover of 308 million euros reflects a decline of 10% compared to the previous year primarily due to the economic downturn in Europe, as well as the negative impact of exchange rate movements. The operating margin decreased to 1.9% mainly caused by overcapacity in the European entities in the first quarter of the year.
Whilst the net result is lower than the first half of 2012, a sharp improvement can be seen compared to the second half of 2012. The second quarter of 2013 shows a similar improvement compared to that same period last year. This positive trend continues in 2013 where the second quarter results are better than the first quarter.
The infrastructure, industry, energy and mining businesses showed strong performance. The public sector markets continue to be under pressure. Organisational adjustments, mainly in the Netherlands, the United Kingdom and Poland, have taken place in the first half of the year, and are still on-going in order to match capacity to order portfolio.
Worldwide, opportunities presented themselves for the company’s services and products, such as the roll out of the Nereda® water treatment technology in Brazil. Significant projects were won including the Trans Adriatic Pipeline (TAP) as well as a number of projects in the Middle East. The second half of this year started well with the rehabilitation of the Canal del Dique in Colombia. Furthermore Royal HaskoningDHV foresees continued growth in the Middle East, the Far East, South America and Africa.
Key figures first half year
(€ million unless otherwise mentioned)
*The result includes one-off gains and losses of minus 3 million euro pre-tax (2012 H1: 2 million euro gain). These items mainly concern integration costs.
Even under the difficult market conditions the company continues to invest.
In Indonesia Royal HaskoningDHV acquired DBI, a dedicated partner since 1986, which provides mechanical and electrical services for buildings and process utilities. This will enable the company to better serve its growing client base, especially in the pharmaceutical and food & beverage industries.
The company acquired Integrated Project Management, a leading aviation specialist in the United Kingdom. This acquisition expands the company’s international footprint in the aviation sector.
In the competitive environment the company is pleased to have won a number of awards.
- In the United Kingdom Royal HaskoningDHV won the Environment Agency Project Excellence Award for its Clacton and Holland Flood and Coastal Erosion Management Strategy. The company also received commendation for two other projects.
- New Babylon, a multipurpose complex in the Dutch city of The Hague, was named European finalist Best Tall Buildings in 2013. The megaproject consists of two residential towers of 100 and 140 metres, offices, shops and restaurants. Royal HaskoningDHV was responsible for the structural design.
- The Pedestrian Bridge and 4km walkway providing a safe crossing of the N11 highway between the South African village Model Kloof and the nearby primary school, won the South Africa Institution of Civil Engineering (SAICE) Durban Branch Award for Best Community-Based Project. Design and construction supervision were provided by Royal HaskoningDHV.
Despite the uncertainty in the European market the company is encouraged by the upward trend in securing significant projects in growth markets. This reaffirms that the company is on course with confidence in its long-term strategy.