The figures in a nutshell:
- Strong improvement of net result to € 16.8 million (2014: € 32.8 million negative)
- Historically high turnover amounting to € 1,907 million (2014: € 1,724 million)
- Operating result amounting to € 70.7 million (2014: € 6.8 million negative)
- Further improvement of operating result in rail systems market to € 50.2 million (2014: € 38.3 million)
- Reorganisation costs of Strukton Civiel bv amounting to € 7.2 million
- Riyadh in full production with operating result amounting to € 9.3 million
- Positive judgment by expert committee considering A15 project claims
- Dividend proposal: no dividend payments
- Decrease in solvency to 14.2% (2014: 16.3%)
- The total order book increades by 231 million compares with 2014
Result and sales
In 2015, Strukton achieved a positive net result of eur 16.8 million. This is a significant improvement compared to previous years. Thanks to intensive collaboration and improvement projects, the organisation achieved many goals and is on target. To build up its reserves and further improve its liquidity position, the company will require sufficient control of any contracts, projects and business units with issues. In 2016, the company will therefore focus on further professionalisation in terms of project management, contract management, tender management, working capital improvement and risk control.
In 2015, sales totalled eur 1.9 billion. Sales fell slightly in the Netherlands, but this decrease was offset by higher sales in foreign activities, both within Europe and beyond. In May 2015, a new financing contract was concluded with the banks. This expires in late April 2017. Furthermore, the shareholder reinforced Strukton’s capital base by eur 25 million in 2015. Along with the new financing agreement, this ensures the company’s financial stability.
Strukton’s strategy: focus on technology-based specialist fields
Strukton is increasingly presenting itself as a technology company, focusing on activities that match its strengths. Its focus and growth are mainly geared toward technology-based specialist fields, both in Europe and in carefully selected countries worldwide. Strukton distinguishes itself through the application of data in both maintenance and management. Asset management is the key core competence in this respect. Based on its asset management, Strukton offers availability of rail transport, road infrastructure and technical systems at an affordable price. Asset management also enables Strukton to build sustainable long-term customer relations, a basis for stability in the company.
Furthermore, Strukton carries out projects at regional, national and international level. Strukton Rail and Strukton International are increasingly focusing on international markets. Emerging economies require adequate traffic systems to access densely populated areas. There is also a worldwide need for the construction of ports and for infrastructure from ports to the hinterland. This is an area where Strukton can make the difference, based on its knowledge of rail and civil engineering technology and its specialist fields, such as immersion and injection technology and special bitumen for roads and airport strips.
To reduce the organisation’s risk profile, the Boards apply strict selection criteria for new projects. Strukton only tenders for projects that are a good match with its core competencies, with limited risks and justified expectation of healthy earning capacity. Projects with a long term maintenance and management component are particularly interesting to Strukton.
Download Strukton’s full annual report for 2015 (pdf, 1897 kB) .