15 February 2002
HBG: Operating result [EBIT] of at least 4% as from 2003
Operating result [EBIT] in 2003 more than doubled to at least €200 million.
Programmes of change will produce a structural improvement in profitability, amounting to approximately €135 million annually from 2003 onwards, as a result of:
Improved operational performance: approx. €70 million
Savings from strategic sourcing and supply chain management: approx. €40 million
Reduced overheads due to changes at the corporate centre and introduction of service units at national level, including general savings: approx. €25 million
Change in the organisational structure of the Group – from a geographical organisation of group companies to a divisional one.
Strategic decisions involving acquisition or disposal of activities only after improvement in results in the Construction & Property and Civil Engineering sectors.
Medium term: evaluation of the portfolio of activities with a view to market leadership in those markets and market segments that are strategically important to HBG.
Operating result in 2003 more than doubled to at least €200 million
Rijswijk – HBG’s strategic reorientation will result in an EBIT margin of four per cent in 2003. This corresponds to more than a twofold increase in the operating result [EBIT]. At a meeting for investment analysts in Amsterdam, Mr C.J.A. Reigersman – President of the Board of Management of HBG, Hollandsche Beton Groep nv – announced the launch of a ‘full potential programme’ for HBG aimed at raising profitability as rapidly as possible. The planned action should produce an EBIT of at least €200 million in 2003.