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Van Rens acquired by Groupe LT
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In the first nine months of 2024, Strukton Groep achieved a provisional EBIT of EUR 36.1 million (9 months 2023: EUR 10.5 million) on a revenue of EUR 1,146.2 million. Rob van Wingerden (CEO Strukton): “While creating rest and stability still requires attention, we are building a solid order book falling within the strategic focus. This gives a good future perspective. At the same time, we are taking steps when it comes to safety, well-being and sustainability.”
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In Q3 of 2024, Strukton Group continued its course set.
During the InnoTrans in Berlin, Strukton signed an agreement with La Farga, ProRail and Railtech BV for catenary made of 100% recycled copper. Strukton Rail Nederland received the intention to award a multi-year contract for national maintenance of information technology and communication systems of ProRail (southern regions). Strukton Rail Belgium was awarded a multi-year contract for train safety and cable work on the railways in the Flanders region.
In Denmark, the ERTMS deployment on the Fjernbane North was completed. Strukton Rail Sweden extended the maintenance contract for the Västra Södra Stambanan, but a considerable provision for two maintenance contracts was charged in 2023. In September, Gustav Oscarsson took up the position of the new director of Strukton Rail Nordics. In Italy, Strukton was awarded a project for the connection of the stations of Genoa to the high-speed line Milan-Genoa.
Strukton Roads & Concrete signed a framework agreement with TenneT for civil works for large above-ground high-voltage grid projects in the Netherlands. The projects of Strukton Infrastructure Specialties are progressing according to plan.
At Groningen Central Station, the monumental signal box and the footbridge from 1928 were hoisted into their final place in September.
The loss-making projects of the past, such as RIVM, Groningen Central Station and the A15, still face the necessary challenges, but are gradually coming under control.
The well-being of our employees is our top priority. Strukton Roads & Concrete has achieved step 4 on the Safety Culture Ladder and Strukton Infrastructure Specialties has retained level 5. Further improvement in the field of inclusivity and safety is the focus of our attention. There are big differences between the countries. Improvement measures are ongoing.
Strukton focuses on sustainable infrastructure on and around the railways in Europe, in its home countries of Belgium, Denmark, Italy, the Netherlands and Sweden. In line with its strategic focus, Strukton sold Van Rens to Groupe LT on 23 October. In the third quarter, on 12 July 2024, Strukton Prefab Beton was sold to Roevla Group and on 9 July 2024, Strukton sold its 25% stake in the asphalt plants APA (Asfalt Productie Amsterdam) and APRR (Asfalt Productie Rotterdam Rijnmond).
Together with auditor Forvis Mazars, we are currently working on the audit of the 2023 financial statements. We expect to complete this by the end of 2024. The audit of the 2024 financial statements is scheduled for the first half of 2025.
