Operating result for first half of 2001: €59 million [+ 40%];
Forecast organic growth in operating result for 2001 at least 40%;
Net result on ordinary activities for first half: €36 million; net extraordinary income of €14 million;
Net result forecast for 2001 maintained: €90 million;
Revenues for first half: €2.6 billion;
Significant improvement in financial position as at 30 June 2001: capital ratio of 22.7%; year-end 2001 forecast of at least 25%;
Order book of €6.4 billion [year-end 2000: €5.9 billion] at excellent level.
Rijswijk – HBG, Hollandsche Beton Groep nv, has had a successful first half in 2001. The operating result increased by around 40% to €59 million. The result on ordinary activities after tax was €36 million. An extraordinary result after tax of €14 million was also realised in the first half of the year. Based on the positive trend, HBG believes that the net result for the whole of 2001 will turn out at €90 million, in accordance with previous profit projections.
Recently Ascon completed, after a twelve-month duration, Farmleigh House in the Northwest of Dublin. The house in Georgian style was constructed in the early 1800's and has been in possession of the Guinness-family since 1873. The Irish Government purchased the 32-hectare country cottage from the famous brewing family in 1999. Farmleigh House will serve as the State guesthouse and as a venue for international meetings.
Rijswijk, the Netherlands – HBG, Hollandsche Beton Groep nv, is convening an extraordinary shareholders' meeting, to be held at HBG head office, Generaal Spoorlaan 489, Rijswijk, the Netherlands, at 10.30 a.m. on Tuesday, 4 September 2001.
The commission of inquiry set up by order of the Enterprise Section of the Amsterdam Court of Appeal to investigate the policy pursued by HBG since 1 January 2000 presented its findings in a report on Friday, 3 August.
Ritchies has recently completed a £0.10 million contract for O’Rourke [Scotland] on the new Scottish Parliament Building in Edinburgh. O’Rourke [Scotland] is undertaking the concrete superstructure works package on behalf of construction manager Bovis Lend Lease.
Teijin Twaron, Tebodin and Stork ICM have concluded an agreement on the expansion of Teijin Twaron’s production facilities in Delfzijl, the Netherlands. The agreement specifies the responsibilities of the parties with respect to detailed engineering, purchasing, and construction work.
At Benicia-Martinez, HBG Constructors crews are down to 50 people from a peak of about 220. This reflects 89 percent completion of the base contract to strengthen the 10 main spans of the bridge over the Carquinez Strait, which is one of the most heavily traveled in California. The massive seismic retrofit started in June 1998.
HBG Steel structures [part of HBG Civiel] has won an order for the detail design and construction of a transformer platform for an offshore wind farm in Denmark. This wind farm, comprising 80 turbines, will be located in the North Sea more than 15 kilometres off the coast near Esbjerg.
Peacehaven infants got a sneak preview of their new school recently with a tour of the site. Hosted by site manager Tony Gaynor [left], the childeren were shown the location of their new classrooms, library and other school facilities.
Foundations have now been laid for HBG's latest contract at Bury College in Lancashire – a £2.1 million project for a new technology block on the town centre campus. Construction manager Ged Flanagan helped the college's acting principal Nancy Cookson lay the first foundations during a special ceremony at the site.
Doctors of the future will be able to learn abouth the work of the 21st century counterparts thanks to a time capsule buried beneath the newest building at Wythenshawe Hospital, Manchester. A burial ceremony was held at the £5.7 million education and research centre – a 59-week project which HBG is scheduled to complete by the autumn.
Tebodin has been commissioned by the European Union to set up a Project Preparation Facility to assist the Polish government in carrying out some estimated 800 investment projects to be funded under the Social and Economic Cohesion Fund of the European Phare Programme.