Divisional Key Figures

Key figures for Division Real Estate

Division Real Estate achieved EBIT of CHF 37.2 million (2023: CHF 40.5 million). This includes a net earnings contribution of CHF 16.4 million from Ina Invest.

Following the announced merger of Ina Invest and Cham Group, Implenia will provide the merged company with development and realisation services as part of a strategic partnership, and will profit from the expected dividend payments. Due to the market situation, the Division realised only a few sales last year, thus maintaining the flexibility to sell its projects at the ideal time depending on the degree of development and market demand. Following some significant new investments in attractive locations in Switzerland in the first half of the year, and divestments in the second half, the book value of the real estate portfolio increased to net CHF 191 million as of 31 December 2024 (2023: CHF 149 million).

Adrian Wyss, Head Division Real Estate

Market value of Real Estate portfolio

in CHF m

EBIT

in CHF m

Real Estate facts

Division Real Estate projects

“Rocket & Tigerli”, Lokstadt, Winterthur: A planning application was submitted for the Ina Invest project “Rocket & Tigerli” in September 2024 – an important milestone for the nascent district. At 100 metres, “Rocket” is one of the tallest wooden residential buildings currently planned. © Visualisierung: Tend AG

“Cabanne” & “Casitta”: In December 2024, Implenia launched “Cabanne” and “Casitta”, its innovative, standardised real estate products for efficient, sustainable housing. The new housing system is being used for the first time in an Implenia residential construction project in Zurich.

“Unterfeld Süd”, Baar: In Unterfeld Süd, Implenia, working for Ina Invest, is developing attractive urban leisure, working and living space for future generations. The development plan was adopted in September 2024. © Visualisierung: DesignRaum

“Bredella”, Pratteln: Over the next few years, a new and vibrant neighbourhood called “Bredella” is being built on behalf of Ina Invest on a former industrial site by Pratteln railway station. Local people voted clearly in favour of the Bredella West neighbourhood plan in November 2024. © Visualisierung: bloomimages

Casino, Lokstadt Winterthur

Creating unique leisure experiences

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Key figures for Division Buildings

Division Buildings achieved a further significant increase in EBIT to CHF 55.5 million (2023: CHF 42.8 million). As expected, Wincasa made a good contribution to this result with CHF 16.5 million (CHF 20.3 million before integration costs and PPA amortisation). Both Switzerland and Germany contributed positively to the result.

Revenue was slightly lower than the previous year at CHF 1,818 million (2023: CHF 1,861 million). At CHF 2,291 million (2023: CHF 2,598 million; HY1.2024: CHF 2,311 million), the order book remained at the same level as in the first half despite the challenging market situation. Given the increasing number of building permit applications in Switzerland and the investments in large-scale projects announced in Germany, the Division expects the market to expand. Its specialisation in the growing areas of real estate for healthcare, research and development, and data centres is paying off. The Division won further attractive projects in these areas in 2024. Meanwhile, Wincasa acquired mandates with five well-known new clients worth a total of more than CHF 1 billion of assets under management.

Jens Vollmar, Head Division Buildings

Revenue, unconsolidated
in CHF m

EBIT

in CHF m

Buildings facts

Division Buildings projects

“TRON”, Mainz, Germany: Under the technical leadership of Implenia, the new 10,000 m² medical research building will be built together with two joint venture partners by 2027 on the grounds of the University of Mainz. © Nickl & Partner Architekten AG

“Hochpunkt H”, Mannheim, Germany: Implenia, as part of a joint venture, is building a 48 metre high residential building, “Hochpunkt H”, with rental and studio apartments, kindergarten, retail units and community gardens at the Franklin site in Mannheim-Käfertal, currently Germany’s largest site redevelopment project. © Haas cook zemmrich Studio 2050

Hotel & Residences, Andermatt: Implenia, as a total contractor, is building a new hotel with residences for Andermatt Swiss Alps AG in the town of Andermatt in the heart of the Swiss Alps. It will have 66 rooms, restaurants and bars, 164 apartments, and a spacious spa and fitness area. © Andermatt Swiss Alps AG

Swiss Life Brannhof, Zurich

Make existing properties fit for the future

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Key figures for Division Civil Engineering

Division Civil Engineering again achieved a higher EBIT than in the previous year at CHF 39.7 million (2023: CHF 37.7 million). In particular the business unit Tunnelling made a strong contribution in all countries.

Revenue amounted to CHF 1,820 million (2023: CHF 1,846 million), CHF 1,850 million after currency adjustments. The order book was slightly higher than the previous year at CHF 4,301 million (2023: CHF 4,194 million). The Division was once again able to win large and complex infrastructure projects in accordance with its strategy.

Erwin Scherer, Head Division Civil Engineering

Revenue, unconsolidated

in CHF m

EBIT incl. one-time effects

in CHF m

Civil Engineering facts

Division Civil Engineering projects

"Spitallamm” dam on the Grimselsee, Bernese Oberland: In its seventh season of construction work up at 1,900 m above sea level, the Grimsel joint venture poured the last load of concrete for the new double-curved “Spitallamm Dam” on Lake Grimsel in September 2024. The new structure will replace the almost 100-year-old original dam as soon as the latter is flooded in spring 2025. © Heinz Hieke

“Ligerz Tunnel” between Ligerz and Twann: A joint venture led by Implenia is building Lot 2 “Ligerz Tunnel”, a 2.1 km double-track tunnel, for the SBB. Implenia is deploying experts in civil engineering, tunnelling, special foundations, rail technology and maritime work on the job.

“E39 Rogfast, Lot E02 Kvitsøy”, Kvitsøy, Norway: In addition to the E03 Boknafjord Tunnel, Implenia, together with Stangeland Maskin, is building the most complex part of the Rogfast project: an 8.8 km long bi-directional tunnel, running about 230 m below the sea’s surface. © Statens vegvesen

“Talbrücke Sechshelden” between Dortmund and Giessen, Germany: As technical lead within a joint venture, Implenia is demolishing the old structure and building a new 184 metre prestressed concrete bridge, "Talbrücke Sechshelden", on the A45.

Four Alpine tunnels connecting Europe: Implenia is helping to build the Brenner, the TELT (Lyon-Turin-Link), the Semmering and the Gotthard tunnels. (top left) © BBT SE, (top right) © KAPTIS Benjamin Gremen, (botttom right) © Heinz Hieke

Rader Hochbrücke, Germany

Making connections with bridges

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Key figures for Division Specialties

Division Specialties increased its EBIT significantly to CHF 8.6 million (2023: CHF 7.6 million including one-time effects). Revenue rose to CHF 169 million (2023: CHF 157 million).

The order book went up to CHF 197 million (2023: CHF 193 million). The launch of the new business unit Encira expanded the Division’s range of planning and consulting services for building physics, acoustics, sustainability and energy. The Division continues to look for attractive acquisition opportunities with client-centric business models that contribute to the sustainable development of the construction and real estate industry.