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Update Q3 2024 Strukton Group
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In the first half year of 2024, Strukton Groep realised a preliminary EBIT of EUR 18.1 million (H1 2023: EUR -3.3 million) on a revenue of EUR 728.9 million. CEO Rob van Wingerden: “Gradually, the measures to improve the capital position and to create rest, stability and perspective are leading to visible results. That is good for our customers, employees and other stakeholders.”
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In the first half year, Strukton Groep shows a sound performance on many fronts. Strukton Rail Netherlands completed the reconstruction of Leeuwarden railway yard with a 39 days train free period. Strukton Rail Italy is working at full capacity on a variety of projects, including the construction of the high-speed line between Brescia and Verona. Strukton Rail Sweden won new contracts including an additional maintenance contract for the Stambanan between Nässjö and Grevaryd and for the maintenance of the catenary system for the trolley bus in Landskrona. Strukton Rail Denmark makes good progress on the ERTMS installation on the Fjernbane and won a new project for ballast renewal between Fredericia and Padborg.
Strukton Roads & Concrete obtained projects with a wide variety of work. With increasing focus on organising work for different customers in a predictive way, Strukton Roads & Concrete creates more stability and room for profitable growth. Strukton Infrastructure Specials has a well-filled orderbook with nice projects including C11 Amsterdam, Hubertus tunnel and Zoutkamp.
The loss-making projects from the past, including RIVM, Hoofdstation Groningen and the A15, are still challenging, but we are bringing them under control step by step.
Wellbeing of our employees in its broadest sense is top priority and further improvement in the field of inclusion and safety has full attention. With an average IF of 11.1 (Netherlands 4.2) we see substantial differences between the countries. Improvement measures are being been introduced.
In July, a fire broke out at the facade of the bus driver building that is currently under construction at the Hoofdstation Groningen project. Fortunately, there were no personal injuries.
Strukton’s strategic focus is on sustainable infrastructure related to railways in Europe, in its home countries Netherlands, Belgium, Italy, Sweden and Denmark. Following the strategic focus, Strukton sold the company Strukton Integrale Projecten to Aiber Services on 1 April 2024. On 9 July 2024, Strukton sold its 25% stake in the asphalt production plants APA (Asfalt Productie Amsterdam) and APRR (Asfalt Productie Rotterdam Rijnmond), and on 12 July 2024 Strukton Prefab Beton was sold to Roevla Groep.
Together with the auditor Forvis Mazars, we are currently working on the audit of the 2023 annual accounts and expect to complete this audit by the end of 2024. The audit of the 2024 annual accounts is planned for the first half year of 2025.
