As a result of our focus on growth markets and the good spread of our activities, VolkerWessels' turnover has grown by 6%, as revealed by the figures for the first 6 months of 2012.
The activities that are responsible for this growth are:
We are seeing strong growth in Canada and in the Energy & Telecoms sector, whilst growth is stable in the UK. The activities in the Netherlands in the Building & Property Development and Infrastructure segment recorded a relatively modest 2% decline in turnover, on markets that continued to deteriorate. Currently, over 40% of VolkerWessels' turnover originates from international markets and the Energy & Telecoms sector.
Operating profit and net profit are under pressure. We are faced with overcapacity and price pressure in the Netherlands and start-up costs and project losses on the fast-growing offshore market. This is offset to some extent by good results in the Infrastructure sector.
The order book has grown as a result of an increase in long-term management and maintenance contracts.
VolkerWessels' financial position remains solid.Gerard van de Aast, Chairman of the Management Board, says: "The focus on growth markets such as Energy, Telecoms and Canada has resulted in good growth in turnover. Of course we are affected by the crisis on the Dutch market, but we can largely counterbalance that by continuing to invest in strategic growth markets