Distribution of company announcements to the professional platforms, finance portals and syndication of important corporate news to a wide variety of news aggregators and financial news systems.
Brunel International NV (AMS:BRNL) Amsterdam, 4 November 2008
Brunel International noted a YTD Q3 2008 turnover of € 520 million, up 24.% compared to the same period in 2007. The gross profit amounted to € 127 million from € 100.0 million over last year. The gross margin further improved from 23.8% to 24.3%. The EBIT reached an amount of € 48.5million, an increase of 38 % against the first 9 months of 2007. Average headcount increased by 13.5% from 7,066 up to and including September 2007 to 8,020 in 2008.
Brunel Netherlands realised a turnover of € 111.8 million, an increase of 12 % compared to the same period in 2007. In addition the gross margin remained at the same level as in 2007.
Brunel Germany realised a turnover of € 106.7 million, an increase of 13% compared to the same period in 2007. The German gross margin improved further.
The Energy division realised a turnover of € 278.4 million, an increase of 35% compared to the same period in 2007, while the gross margin improved to 12.2% from 11.6%.
Jan Arie van Barneveld, CEO of Brunel International: "The results in the third quarter have met our expectations, both in turnover and profitability growth. We were able to achieve an overall growth figure of 24% with profitability increasing by 38%. We succeed in executing the strategy of improving the profitability while continuing growth.
Brunel has a strong balance sheet and a healthy cash position which are two key elements in achieving our set targets of significant growth in 2008. We are pleased to confirm our Ebit estimation for the full year of over Euro 62 million."
For further information: Jan Arie van CEO Brunel Tel.: +31(0)20 312 Barneveld International 50 00 Erik Meinders CFO Brunel Tel.: +31(0)20 312 International 50 00
Brunel International N.V. is an international service provider specialized in the flexible deployment of knowledge and capacity in the fields of ICT, engineering, legal, finance and insurance & banking. Services are provided in the form of Project Management, Secondment and Consultancy. Incorporated in 1975, Brunel has since become a global company with over 7,000 employees and an annual turnover over € 600 million. The company is listed at Euronext Amsterdam N.V.
Certain statements in this document concern prognoses about the future financial condition and the results of operations of Brunel International NV as well as plans and objectives. Obviously, such prognoses involve risks and a degree of uncertainty since they concern future events and depend on circumstances that will apply then. Many factors may contribute to the actual results and developments differing from the prognoses made in this document. These factors include general economic conditions, a shortage on the job market, changes in the demand for (flexible) personnel, changes in employment legislation, future currency and interest fluctuations, future takeovers, acquisitions and disposals and the rate of technological developments. These prognoses therefore apply only on the date on which the document was compiled.
This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
