Dear shareholders, investors and interested parties
Implenia improved its underlying performance compared to the previous year and significantly exceeded its target for 2021 with EBIT of CHF 114.8 million. The strong, high-quality order intake shows our clients’ high level of trust in Implenia. The company’s transformation is well advanced and planned portfolio adjustments are almost complete.
Implenia continues to focus on integrated construction and real estate services in Switzerland and Germany and offers tunnelling and related infrastructure projects in other markets. With a clear focus on profitable, complex projects, and by strictly applying Value Assurance, the Group was able to acquire several strategically relevant assignments with significantly improved risk and margin profiles in 2021. This shows that the company is well positioned with its expertise and experience along with its services and competencies.
With an attractive portfolio of services geared toward partnership-based cooperation with customers and an emphasis on sustainability, all Divisions are well positioned to further increase their profitability with complex, profitable projects.
André Wyss
CEO
Letter from the Chairman of the Board of Directors
Dear shareholders
2021 was a good year for Implenia. After a challenging transformation phase, the Group has achieved some important milestones on the path to sustainable profitability. All Divisions and relevant markets contributed positively to the result, underlying performance at EBIT level was significantly improved, there was a healthy increase in equity, and the convertible bond maturing in 2022 was successfully refinanced. These results show that Implenia is well on track with the execution of its strategy.
With a clear focus on profitable, complex projects, and by strictly applying Value Assurance – Implenia’s risk management system – the Group was able to acquire several strategically relevant assignments with significantly improved risk and margin profiles in 2021. This clearly shows that clients trust Implenia and that the company is well positioned with its expertise and experience along with its services and competencies.
Measures to intensify and accelerate strategy execution were adopted in October 2020 and are set to run until 2023. These have largely been completed. Implenia continues to focus on integrated construction and real estate services in Switzerland and Germany and offers tunnelling and related infrastructure projects in other markets. In order to further improve profitability, the Group is constantly reviewing further portfolio adjustments and opportunities to outsource asset-heavy activities.
Implenia’s position as an industry leader in sustainability was confirmed in 2021 by significant environmental, social and governance (ESG) ratings. Implenia is also noted for its increasingly digitalized, industrialised and partnership-based development, planning and construction services – and it now uses Lean Construction methods and BIM on all major projects.
As a result of the portfolio adjustments, a more focused geographical presence and application of the Value Assurance process, all Divisions are well positioned to further increase profitability. As communicated in autumn 2021, we want to strengthen our equity by at least CHF 80 million in the current year. Consequently, the Board of Directors will propose to the Annual General Meeting of 29 March 2022 to refrain from paying a dividend.
On behalf of the Board of Directors, I would like to thank all our employees for their hard work during the year, and to thank you for your trust. I look forward to your continued support as a shareholder.
Hans Ulrich Meister
Chairman of the Board of Directors
