Press Release

Growth in Germany, results Energy as expected, delayed upturn in The Netherlands

 Amsterdam, 20 August 2010

Brunel International realised a turnover in the first half year of EUR 335
million, down 9% compared to the same period last year (13% at equal rates).
Turnover in the second quarter was up EUR 1 million compared to the first quarter
despite fewer working days in The Netherlands and Germany. The gross profit in
H1 2010 amounted to EUR 70 million compared to EUR 76 million in the same period
last year. Gross margin remained at 21%. The Ebit amounted to EUR 16 million
compared to EUR 23 million in H1 2009.

+----------------------------------------------------------------------+
|Brunel International                                                  |
|                                                                      |
|All amounts in EUR mln                                                  |
|                                                                      |
|                     Q2 2010 Q2 2009 Change % H1 2010 H1 2009 Change %|
|                                                                      |
|                                                                      |
|                                                                      |
|Turnover               167.9   182.6    - 8 %   334.9   366.3    - 9 %|
|                                                                      |
|Gross Profit            34.1    36.3    - 6 %    69.6    76.2    - 9 %|
|                                                                      |
|Gross margin          20.3 %  19.9 %           20.8 %  20.8 %         |
|                                                                      |
|Ebit                     6.2     9.5   - 35 %    16.0    23.2   - 31 %|
|                                                                      |
|Ebit %                 3.7 %   5.2 %            4.8 %   6.3 %         |
+----------------------------------------------------------------------+


Overall turnover in Q2 2010 is down 8% compared to the same period in 2009. Key
elements contributing to this decrease are the completion of high volume Energy
projects per the end of 2009 and the economic downturn in The Netherlands and
Germany. The effect of the economic downturn has been severe for Brunel Germany
but recovery started in the second quarter of this year. In The Netherlands the
period of stabilisation continued in the second quarter of 2010 but the late
cyclical nature of the Dutch economy has not yet allowed recovery of the market.
For both Brunel Germany and Brunel The Netherlands turnover realised in the
second quarter is, despite the lower number of working days in the second
quarter, almost equal to turnover in first quarter.

Gross margin H1 2010 is in line with previous year and as a result of our policy
to remain focused on the quality of our organisation, overhead costs remained at
2009 level. A decrease in the overhead costs in Germany is offset by an increase
in the Energy division resulting from investments in the organisation to support
future growth.
The lower turnover in combination with an almost equal level of overhead costs
has resulted in an Ebit H1 2010 of 4.8%.
Jan Arie van Barneveld, CEO of Brunel International: "The expected turnaround in
The Netherlands in our market segment is delayed but looking at the impressive
growth we are currently experiencing in Germany we are confident that the upturn
of the activity level in The Netherlands will follow. The Energy division has
performed in line with expectations and sustainable growth is expected from
projects starting in the 4th quarter of 2010."


Brunel Netherlands
In The Netherlands turnover level for the first half of 2010 is EUR 64 million,
down 11% compared to the same period last year. Gross profit decreased by 16% to
EUR 21 million.

+----------------------------------------------------------------------+
|Brunel Netherlands                                                    |
|                                                                      |
|All amounts in EUR mln                                                  |
|                                                                      |
|                     Q2 2010 Q2 2009 Change % H1 2010 H1 2009 Change %|
|                                                                      |
|                                                                      |
|                                                                      |
|Turnover                31.6    33.9     -7 %    63.7    71.5    -11 %|
|                                                                      |
|Gross Profit            10.3    11.7    -12 %    21.3    25.5    -16 %|
|                                                                      |
|Gross margin          32.5 %  34.5 %            33.5%   35.7%         |
|                                                                      |
|Ebit                     1.8     3.2    -44 %     4.2     8.3    -49 %|
|                                                                      |
|Ebit %                 5.7 %   9.4 %             6.6%   11.6%         |
+----------------------------------------------------------------------+


Turnover in the second quarter decreased by 7% compared to the same period in
2009. The same comparison for the first quarter year-on-year resulted in a 15%
decrease. The Dutch economy seems to have bottomed out but, also due to the late
cyclical nature of the Dutch economy, recovery did not materialise in the first
half of 2010.
The gross margin declined compared to previous year as a result of a relative
increase in the deployment of freelance personnel. The positive effect of this
relative increase is that the risk of idle time is mitigated. The overhead
costs, although monitored closely, remain fairly stable. As a result of the
lower gross margin and stable overhead costs Ebit as a percentage of turnover
decreased from 11.6% in H1 2009 to 6.6% in H1 2010.


Brunel Germany
In Germany turnover level for the first half of 2010 is EUR 50 million, down 10%
compared to the same period last year. The gross profit increased by 5% to EUR 19
million.

+----------------------------------------------------------------------+
|Brunel Germany                                                        |
|                                                                      |
|All amounts in EUR mln                                                  |
|                                                                      |
|                     Q2 2010 Q2 2009 Change % H1 2010 H1 2009 Change %|
|                                                                      |
|                                                                      |
|                                                                      |
|Turnover                25.3    25.8     -2 %    50.3    55.8    -10 %|
|                                                                      |
|Gross Profit             8.9     8.0     11 %    18.7    17.9      5 %|
|                                                                      |
|Gross margin          35.2 %  31.0 %           37.2 %  32.1 %         |
|                                                                      |
|Ebit                     1.2    -1.1    209 %     4.3     0.2  1,724 %|
|                                                                      |
|Ebit %                 4.9 %  -4.3 %            8.6 %   0.4 %         |
+----------------------------------------------------------------------+


The decrease in turnover in the second quarter, compared to the same period in
2009, is 2%. This decrease is less than the decrease over the first quarter
(16%). Comparing the revenue levels of the months, June 2010 noted a higher
turnover than June 2009.
Brunel Germany is clearly recovering from the effects of the economic downturn.
Additionally, a major improvement was made in reducing the idle time over the
last six months. This explains largely the improvement of the gross margin from
32% in 2009 to 37% in the first half of 2010. The second quarter gross margin
was 35% which was negatively influenced by the lower number of working days in
comparison to the first quarter of this year. In addition to the improved gross
margin, the reduction in overhead costs has added to the improvement of the
Ebit, as a percentage of revenue, from 0.4% in H1 2009 to the 8.6% in the first
half of this year. The reduction of the overhead costs is the result of measures
taken to streamline the organisation.


Brunel Energy
Brunel Energy turnover level for the first half of 2010 is EUR 210 million, down
8% compared to the same period last year. The gross profit decreased by 11% to EUR
27 million.

+----------------------------------------------------------------------+
|Brunel Energy                                                         |
|                                                                      |
|All amounts in EUR mln                                                  |
|                                                                      |
|                     Q2 2010 Q2 2009 Change % H1 2010 H1 2009 Change %|
|                                                                      |
|                                                                      |
|                                                                      |
|Turnover               105.4   117.8    -11 %   209.7   228.0     -8 %|
|                                                                      |
|Gross Profit            14.0    15.5    -10 %    27.3    30.5    -11 %|
|                                                                      |
|Gross margin          13.3 %  13.2 %           13.0 %  13.4 %         |
|                                                                      |
|Ebit                     4.2     7.2    -42 %     8.6    14.5    -41 %|
|                                                                      |
|Ebit %                 4.0 %   6.1 %            4.1 %   6.4 %         |
+----------------------------------------------------------------------+


In line with expectations, turnover in both Q2 and H1 2010 are lower than in
2009. In 2009 two major contracts, Pluto and Woodside, were completed. These
projects generated a turnover of more than EUR 40 million in H1 2009.
Furthermore, as a result of the decreasing value of the Euro, especially
compared to the Australian dollar, turnover increased by EUR 15 million. Excluding
the effects of the completed projects and the exchange rate development, a
turnover increase of 4% was realised compared to H1 2009.
The gross margin, both in the quarter as well as in H1 2010, is in line with
previous year.
As a result of investments made in the Energy organisation, preparing for the
future growth, overhead costs increased resulting in an Ebit in the second
quarter of 4%. This Ebit level is below that required for Brunel Energy but the
investments in overhead have prepared us well to facilitate the execution of the
new contracts, which will start generating turnover growth in the fourth
quarter.


Brunel Belgium
In Belgium turnover level for the first half of 2010 is EUR 10.7 million, down 4%
compared to the same period last year. Gross profit decreased by 5% to EUR 2.1
million.
Overhead costs are slightly higher compared to the same period last year,
resulting in an Ebit of EUR 0.3 million (H1 2009: EUR 0.5 million).


Risk profile
Reference is made to our 2009 Annual Report (pages 25 - 27). Reassessment of
earlier identified risks and the potential impact on occurrence has not resulted
in required changes in our Internal Risk management and Control systems.


Outlook for 2010
We expect for Germany and Energy strong profitable growth during the second half
and fourth quarter of 2010 respectively. For The Netherlands only a limited
growth is foreseen for the reminder of this year.

We declare that, to the best of our knowledge, the semi-annual financial
statements, which have been prepared in accordance with IFRS (IAS 34), give a
true and fair view of the assets, liabilities, financial position and profit or
loss of Brunel International N.V., and the undertakings included in the
consolidation as a whole, and the semi-annual management report includes a fair
review of the information required pursuant to section 5:25d, subsections 8 and
9 of the Dutch Financial Markets Supervision Act (Wet op het financieel
toezicht).

Amsterdam, 20 August 2010,

The Board of Directors


Jan Arie van Barneveld (CEO)
Rob van der Hoek (CFO)


--------------------------------
For further information:

Jan Arie van Barneveld  CEO Brunel Internationa   tel.: +31(0)20 312 50 81
Rob van der Hoek      CFO Brunel International   tel.: +31(0)20 312 50 81


Brunel International N.V. is an international service provider specialised in
the flexible deployment of knowledge and capacity in the fields of Engineering,
Oil & Gas, Aerospace, Automotive, Rail, ICT, Finance, Legal 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 of EUR 738 million. The company is
listed at Euronext Amsterdam N.V. For more information on Brunel International
visit our website www.brunel.net.

Financial Calendar

2 November 2010  Trading update Q3 2010 (before start of trading)


Certain statements in this document concern prognoses about the future financial
condition and the results of operations of Brunel International N.V. 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.

For full article please see attached pdf file.



[HUG#1439044]





pdf file of the press release: 
http://hugin.info/132857/R/1439044/383495.pdf




This announcement is distributed by Thomson Reuters on behalf of 
Thomson Reuters clients. The owner of this announcement warrants that: 
(i) the releases contained herein are protected by copyright and 
    other applicable laws; and 
(ii) they are solely responsible for the content, accuracy and 
     originality of the information contained therein. 
All reproduction for further distribution is prohibited.
    
Source: Brunel International NV via Thomson Reuters ONE