Turnover holds steady at Heijmans

Dutch-based contractor Heijmans has reported that turnover for the third quarter of 2012 has maintained the same level of 2011 figures, and that the company now holds a stable order book of more than €2.1 billion.

Turnover held steady despite a fall in residential building, with Heijmans selling 846 homes through October 2012, compared with 961 in the same period in 2011.

To counteract the downward turn in residential, the company is to implement a reorganisation plan in the fourth quarter, which will see 200 jobs cut.

Bert van der Els, chairman of the executive board of Heijmans, said, “Our turnover and order book were stable, but due to falling volumes in the residential segment and low margins in the market, we have decided to adapt our organisation. We will have to reduce the number of jobs by around 200 in this segment.

"In other segments, too, we will continue to work on measures to remain sufficiently competitive. We are therefore taking steps now that are required to create a good starting point for 2013,” he said.

Looking ahead, Heijmans confirmed the expectation that it will end the year with a positive underlying operating result.

Heijmans, which operates in the Netherlands. Belgium and Germany, will present its annual results for 2012 on 28 February, 2013.