Division Real Estate significantly increased its EBIT to CHF 81.1 million (2021: CHF 42.1 million). This was mostly based on above-average earnings in the first half of the year from the sale of large real estate projects following several years of successful development work.

These sales affected the book value of the Real Estate portfolio, which was worth CHF 351 million (2021: CHF 410 million) at 31.12.2022. Implenia continues to invest in its own attractive real estate portfolio. The Division has continuously expanded its services business in recent years, generating increasing, recurring earnings. The partnership with Ina Invest developed successfully and above expectations.

In the Division Real Estate, Implenia has successfully completed the “Rocket” and “Tigerli” feasibility studies at Lokstadt, Winterthur: this paves the way for construction of the world’s tallest wooden residential building, 100 m high. The sustainable, standardised and industrialised real estate product “Green Hospitality” was another landmark achievement that improves the company’s competitiveness. The Division has further expanded its business in the German market with the development of the Marienplatz site in Darmstadt and a collaboration to develop sustainable residential properties.

Division Buildings further improved its EBIT to CHF 35.4 million (2021: CHF 32.4 million). All service areas contributed positively to this result. Revenue slightly decreased compared to previous year to CHF 1,743 million (2021: CHF 1,819 million).

The order book rose to CHF 3,118 million (2021: CHF 2,809 million) and improved in quality. By getting involved in projects earlier and using partnership-based contract models, the Division is adding value for clients in new ways. The Division acquired new projects and further developed its capabilities in the growing areas of general planning and consulting as well as in realisation of facilities for the healthcare and R&D sectors.

In the Division Building, Implenia won numerous residential, office and commercial projects, including the EUREF sustainability and innovation campus in Dusseldorf. There were further major new orders in the growing areas of healthcare and R&D: the new laboratory for the Department of Biomedicine at the University of Basel and new buildings for the Lucerne Cantonal Hospital. The base build of Baden Cantonal Hospital was completed on schedule. The new cantonal hospital in Aarau, which will be Switzerland’s largest, is now in the construction phase.

Division Civil Engineering achieved EBIT excl. one-time effects of CHF 34.9 million (2021: CHF 25.0 million). Revenue was at CHF 1,921 million (2021: CHF 2,061 million) and remained at previous year’s level adjusted for currency effects.

The order book remained at previous year’s level of CHF 3,951 million (2021: CHF 3,918 million), increased adjusted for currency effects and was of improved quality, reflecting the strategic focus on profitable and complex infrastructure projects. With its many years of experience and extensive expertise, the Division is the ideal partner for public-sector clients.

In addition to its ongoing work, Implenia’s Division Civil Engineering was awarded the contract for the main northern section of the second tube of the Gotthard road tunnel. Alongside the Semmering Tunnel, the Brenner Base Tunnel and TELT (Lyon-Turin), Implenia is therefore the only european company participating in all four current Alpine transversals. The Group also won some other major infrastructure contracts: the refurbishment of the Gubrist tunnel near Zurich, a connecting tunnel for the Stockholm Metro, construction of Norway’s longest railway bridge and an important motorway tunnel in the same country. In Germany, a series of complex, sustainably oriented bridge building projects were added to the order book. The Bözberg Tunnel in Switzerland’s Mittelland and the Lilla Lidingö bridge in Stockholm were completed successfully.

Division Specialties achieved EBIT excl. one-time effects of CHF 2.6 million (2021: CHF – 3.2 million). Revenue decreased to CHF 164 million (2021: CHF 209 million) due to portfolio adjustments.

The order book was at CHF 152 million (2021: CHF 154 million) and adjusted for currency effects above previous year’s level. The Division will continue to expand its planning and engineering capabilities by developing and scaling customer-centric business models. It will also continue to adjust its portfolio and look for attractive acquisition opportunities. With its innovative service portfolio, the Division is contributing to the sustainable development of the construction industry.

As well as being contracted by other Divisions’ projects, the services offered by Division Specialties, such as Timber Construction, BCL, BBV Systems, Planovita and Facade Technology, are seeing increasing demand from external clients. Among others the Division has won a Facade Technology contract for the attractive “Berlin Decks” project and with BCL provides construction logistics services for the new building work at St. Gallen Cantonal Hospital. The Timber Construction unit has completed the base build for the Elefant office complex at Lokstadt in Winterthur.