Imtech: publishes preliminary annual figures for 2012
May 21 2013 - 12:59AM
NOT FOR RELEASE, DISTRIBUTION OR
PUBLICATION INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, OR
JAPAN
· Publication of preliminary annual figures important next
step in recovery plan
· Net loss of 226 million Euro in 2012
· Adjusted annual figures and opening balance sheet for
2011
· Annual report, definite annual figures and the audited
annual accounts expected early June 2013
· Revenues in 2012 increased by 8% to 5.5 billion
Euro
Gouda - Royal Imtech N.V. today publishes its
preliminary annual figures for 2012. The annual report, the
definite annual figures, and the audited annual accounts by the
accountant are expected in early June 2013. The annual accounts
will be discussed at the Annual General Meeting of shareholders on
June 28, 2013 and presented for adoption to a yet to be planned
Extraordinary General Meeting of shareholders at the end of July
2013.
Gerard van de Aast, CEO; "With the publication of the preliminary
annual figures for 2012, Imtech makes an important next step in its
recovery plan. Publication of the annual accounts and the
investigation report in early June is the next important milestone.
We continue to execute our plans announced on February 27 with
focus on organic growth, operational excellence, reinforcement of
the business controls and the establishment of a solid financial
structure."
Preliminary consolidated annual figures
2012
For the preliminary consolidated annual figures 2012 reference is
made to the appendix of this press release. The preliminary results
in 2012 show a net loss of 226 million Euro. In these preliminary
results among others the effects have been included of a later
closing date and the connected progressive insights. Also an
appropriate realistic approach has been used in the application of
our accounting principles. The preliminary annual figures for 2012
will be discussed with our lenders. These discussions are focused
on obtaining a definite waiver as a logical continuation on the
earlier concluded continuation agreement. After the finalization of
the waiver process, expected early June 2013, the annual accounts
audited by the accountant will be available.
Adjustment figures 2011
For the adjusted figures for 2011 and the adjusted opening balance
sheet 2011 reference is made to the appendix of this press release.
The annual accounts 2011 published the previous year therefore no
longer present the required true and fair view. This has been
announced earlier in our press release of April 23, 2013. The net
result of 2011 has been adjusted by 54,6 million Euro. The
correction to the shareholders equity on the opening balance sheet
amounts to 54,7 million Euro. In regards to the annual accounts
2011, the in art. 2:362 section 6 Dutch Civil Code (BW) intended
announcements and auditor's report will be deposited.
Poland and Germany
The investigations in Poland and Germany are in the process of
being finalized. As announced earlier, the company will publish the
final report in early June 2013. In this report the findings of
these investigations will be presented. The write-offs in Poland
and Germany amount, as reported on April 23 2013, to 370 million
Euro (pre-tax).
Rights issue
On February 27, 2013 Imtech announced the intention to strengthen
its shareholders' equity with a rights issue of 500 million Euro.
The proceeds of the issue will, after the deduction of costs, be
fully utilized for debt reduction, resulting in a reinforcement of
Imtech's capital structure. A more extensive explanation of the
rights issue is included in the agenda of the Annual General
Meeting of shareholders, published on the company website
(www.imtech.com). The decision necessary to execute the rights
issue will be submitted to the Annual General Meeting of
shareholders on June 28, 2013. The announced rights issue is
expected to be completed this summer.
Appendix: Financial Summaries
More information
Media: |
Analysts & investors: |
Dorien Wietsma
Director Corporate Communication &
CSR
T: +31 182 54 35 53
E: dorien.wietsma@imtech.com
www.imtech.com |
Jeroen Leenaers
Director Investor Relations
T: +31 182 543 504
E: jeroen.leenaers@imtech.com
www.imtech.com
|
Imtech
profile
Royal Imtech N.V. is a European technical
services provider in the fields of electrical solutions, ICT
(information and communication technology) and mechanical
solutions. With 29,000 employees, Imtech achieves annual revenue of
approximately 5.5 billion euro. Imtech holds attractive positions
in the buildings and industry markets in the Netherlands, Belgium,
Luxembourg, Germany, Austria, Eastern Europe, Sweden, Norway,
Finland, the UK, Ireland, Turkey and Spain, the European markets of
ICT and Traffic as well as in the global marine market. In total
Imtech serves 24,000 customers. Imtech offers integrated and
multidisciplinary total solutions that lead to better business
processes and more efficiency for customers and the customers they,
in their turn, serve. Imtech also offers solutions that contribute
towards a sustainable society - for example, in the areas of
energy, the environment, water and traffic. Imtech shares are
listed on the NYSE Euronext Amsterdam, where Imtech is included in
the AEX Index. Imtech shares are also included in the Dow Jones
STOXX 600 index.
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This press release is for information purposes only and is not
intended to constitute, and should not be construed as, an offer to
sell or a solicitation of any offer to buy securities of Royal
Imtech N.V. (the "Company", and such securities, the "Securities")
in the United States, Australia, Canada or Japan or in any other
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Securities may only be offered in Relevant Member States (i) to any
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within Article 3(2) of the Prospectus Directive. For the purpose of
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This press release does not constitute a prospectus within the
meaning of the Dutch Financial Markets Supervision Act (Wet op het
financieel toezicht) and does not constitute an offer to acquire
securities.
Any offer to acquire Securities pursuant to the proposed offering
will be made, and any investor should make his investment, solely
on the basis of information that will be contained in the
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PDF: Press Release incl.
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