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


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HEIJMANS : and Boskalis acquire contract for Wilhelmina Canal in Tilburg

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04/17/2012 | 07:35am CEST

The Directorate-General for Public Works and Water Management (Rijkswaterstaat), the Province of Noord-Brabant and the Municipality of Tilburg intend to award a contract to the combination Heijmans-Boskalis for the widening and deepening of the Wilhelmina Canal and the construction of a new lock. The contract is valued at a total of over €51 million (incl. VAT). The award is provisional and is expected to become definitive at the end of May.

The municipality and the province aim to provide excellent access to the city via water, road and rail to enable the city to continue and strengthen its economic position. Bringing the Wilhelmina Canal up to modern standards is one of the means in achieving this goal. The project consists of widening and deepening the current canal (over 4 km), the construction of a new lock (alongside the current Lock III) and the removal of Lock II. Heijmans will assume responsibility for the construction of the new lock, while Boskalis will carry out the work on the canal.

The balance between price and quality was a decisive factor in the provisional award of this contract. Limitation of inconvenience to the surroundings, the capacity for cooperation and the control of costs by leveraging opportunities and risk management were decisive in this respect.

Work will commence in October 2013. The new lock will become operational in May 2015, after which the water level will be reduced in September 2015. The entire project will be completed in 2016.

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
[email protected]:
mailto:[email protected]

Frank Heerens
Manager Investor Relations.
+31 73 543 52 17
[email protected]:
mailto:[email protected]


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 2017 1 880 M
EBIT 2017 25,3 M
Net income 2017 14,0 M
Debt 2017 9,28 M
Yield 2017 5,30%
P/E ratio 2017 10,84
P/E ratio 2018 7,16
EV / Sales 2017 0,09x
EV / Sales 2018 0,07x
Capitalization 151 M
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Average target price 7,08 €
Spread / Average Target 0,15%
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L. J. T. van der Els Chief Executive Officer
Andries Arij Olijslager Chairman-Supervisory Board
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