Royal Imtech N.V. (IMTEF.PK) posted first-half profit attributable to shareholders of 62.0 million euros, or 0.70 euros per share, versus 60.7 million euros, or 0.69 euros per share, a year ago.
Earnings per share, before amortisation and impairment of intangible assets, were 0.91 euros, up from 0.83 euros in the prior-year period.
Revenue grew 14% to 2.62 billion euros from 2.29 billion euros in the same period last year.
René van der Bruggen, CEO Imtech, said, "In the first half of 2012 Imtech showed another solid performance and, despite difficult market conditions due to the economic crisis, continued its tradition of continued growth. Revenue rose by 14% and the order book increased by 755 million euro (13%) to nearly 6.5 billion euro. EBITA rose by 12%, of which 2% was based on organic growth. The organic growth percentage was negatively influenced by reorganisations in the Benelux, Spain and Marine..."
Imtech is maintaining the forecast for the full year 2012 expressed in February 2012. According to its current views, the Board of Management expects a further EBITA increase for the full year 2012 through organic growth and acquisitions.
Further, Imtech's long-term growth target for 2015 - revenue of 8 billion euros with an operational EBITA margin of between 6% and 7% - remains unchanged.
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by RTT Staff Writer
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