Utrecht, 9th March 2010 - Strukton, a full-service provider of infrastructure and accommodation solutions, reports revenue for 2009 of EUR 1.37 billion, an increase of 9.5% (2008: EUR 1.25 billion).
All Strukton's operating companies maintained or even improved their revenue. The improvement was attributable chiefly to organic growth at Strukton Civiel, the international activities of Strukton Rail, three major PPP construction projects and growth in volume at Strukton Worksphere.
For Strukton Integrale Projecten, 2009 was chiefly a year of investment for the future. As the tendering procedures for various contracts can last as long as 15 months, Strukton Integrale Projecten did not win any new projects in 2009. Its results were influenced principally by high tendering costs, which must be recognised in the year in which they are incurred while the projects themselves will not be carried out until the next year (or even later). In view of the ongoing contracting procedures and calls for new tenders in the infrastructure and general construction markets, the situation is expected to improve in 2010. Ten new projects are already in the pipeline. Both the three projects in production and the three projects under management progressed satisfactorily in 2009.
Outlook
Strukton will give priority in 2010 to improving profitability by increasing efficiency and lowering costs. Strukton does not see any improvements occurring in the construction market and in the Dutch rail market for the time being. The operating companies in these markets are therefore adapting their organisations and staff numbers in order to remain competitive. Strukton expects it will need to form an additional reorganisation provision at Rail and does not rule out further reorganisations. Nevertheless, Strukton is looking forward to 2010 with confidence. At EUR 1.9 billion, the order book is at its highest level ever, chiefly on account of a number of large infrastructure projects (Rail and Civiel).
Strukton will continue in 2010 as in 2009 with its environmentally-aware business and CO2 reduction programmes (2% reduction per year). In 2009 ProRail awarded Strukton Rail a Level 4 CO2 Awareness Certificate. The aim is to achieve this level throughout Strukton in 2010. Strukton Rail even has the ambition to reach Level 5.
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