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4-Traders Homepage  >  Equities  >  Euronext Amsterdam  >  Heijmans    HEIJM   NL0009269109


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HEIJMANS : acquires 2012-2013 Variable Maintenance contract

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03/20/2012 | 01:05am EDT

The Directorate-General of Public Works and Water Management (Rijkswaterstaat) intends to award Heijmans a contract for the variable maintenance of various structures, such as hard/road surfaces, civil works and guide rail for the next two years. The work involves the parcels Utrecht and Noord-Brabant-West in the context of the 2012-2013 Variable Maintenance Framework Contract (VMC). The initial value of the contract is approximately € 20 million over a two-year period with two consecutive one-year extension options. The award is provisional and is expected to become definitive at the end of March.

The VMC is a new contract approach in which the variable maintenance is no longer set down in the form of prescribed measures and activities. It shifts activities and responsibilities from the customer to the contractor. The result is that (new) work processes and work methods are defined by Heijmans. Heijmans' proposal was evaluated on the basis of the Economically Most Advantageous Tender (EMAT). Aside from price, this also involved an assessment of the Total Life Cycle (LCC) as part of the maintenance philosophy, as well as the unburdening of Rijkswaterstaat. In total, Rijkswaterstaat tendered seven parcels using this approach with a maximum of two potentially being awarded to a bidder. Heijmans emerged as best overall in terms of quality and was awarded its preferred parcels, namely Utrecht and Noord-Brabant-West. 

The qualitative tender was developed using an integral approach to the customer's request and resulted in an integrated approach on the part of Heijmans with contributions from all Heijmans Roads and Heijmans Civil Engineering disciplines.

About Heijmans
Heijmans is a listed company that combines activities related to property development, residential building, non-residential building, technical services and infrastructure. Heijmans operates in the Netherlands, Belgium and Germany. We create added value for our customers by focusing on quality improvement, integrated projects, sustainability and profitability. Heijmans realizes projects for home buyers, companies and government entities. With approximately 8,300 employees and € 2.4 billion in revenues in 2011, we are building the spatial skylines of tomorrow. For more information and our annual Sustainability Report, visit www.heijmans.nl:

For additional information / not for publication:

Heijmans NV
Marieke Swinkels
Communications manager
+31 73 543 52 17

Frank Heerens
Investor Relations manager
+31 73 543 52 17

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.

Source: Heijmans NV via Thomson Reuters ONE

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Financials (€)
Sales 2016 2 107 M
EBIT 2016 23,5 M
Net income 2016 15,0 M
Finance 2016 4,75 M
Yield 2016 3,30%
P/E ratio 2016 11,35
P/E ratio 2017 5,73
EV / Sales 2016 0,08x
EV / Sales 2017 0,07x
Capitalization 178 M
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Average target price 11,8 €
Spread / Average Target 42%
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L. J. T. van der Els Chief Executive Officer
Andries Arij Olijslager Chairman-Supervisory Board
Mark C. van den Biggelaar Chief Financial Officer
Sjoerd van Keulen Vice Chairman-Supervisory Board
Pamela Gertrude Boumeester Independent Member-Supervisory Board
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