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Imtech N.V Kampenringweg 45-A 2803 Gouda, Netherlands http://www.imtech.eu
Contact Mr Jeroen Leenaers +31 182 543 504
Company logo of Imtech N.V
Imtech N.V

Royal Imtech publishes half year 2013 figures

Previously announced one-off items and financial expenses largely drive net loss Imtech

(PresseBox) (Gouda, )
.
- Revenue slightly down at 2,485 million euro (-2%).
- Operational EBITDA of -46 million euro excluding earlier announced 40 million euro write downs in Benelux and Marine
- Satisfactory order intake of 2,509 million euro
- Net debt end of June, stable at 1,206 million euro compared to Q1 2013 despite cash out for restructuring
- Net proceeds of equity issues of 507 million euro have been used to reduce net debt
- Improvement programs on track:

Restructuring program on schedule
Continued progress on business controls
Working capital reduced by 133 million euro in second quarter
60% of senior management is new


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