For Strukton, 2010 was dominated by the takeover. The company’s future course has been secured now that Oranjewoud nv has become the new shareholder.
Major recovery in operational result
Though market conditions remained challenging, Strukton was able to show a major recovery in its operational result. Over the course of the year, measures were taken in time to adjust the level of costs to the current market conditions. This unfortunately led to job cuts.
The improvement in profitability is partly because all the operating companies made a positive contribution. However, the net result was a loss of 15.5 million euros due to impairments of intangible assets totalling 36 million euros. The company’s cash flow was once again healthy. The order book is at an all time high of 2.1 billion euros.
Result
After a number of difficult years, Strukton achieved a major recovery in its operational result for 2010, which went up from 37.0 million euros to 57.6 million euros. The net result is admittedly strongly affected by a number of impairments of intangible assets, but this does not affect the liquidity position. Strukton’s cash situation developed healthily throughout the year and again saw a strong fourth quarter. To summarise: the company’s results are on the road to recovery.
Download the annual report 2010 (.pdf - 2,07 MB). You can watch a short film of the annual report on our website (.wmv - 27,7 MB) or on YouTube.
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