Chairman of the Board of Directors
Letter from the Chairman of the Board of Directors
Dear Shareholders
Implenia increased its results in 2025, achieved the targets it had set and improved its profitability, order book and liquidity. All Divisions – Buildings, Civil Engineering and Service Solutions – contributed to this success. Based on its many years of experience and comprehensive expertise in large, complex real estate and infrastructure projects, the Group was able to win large and attractive contracts in 2025.
Implenia also achieved very good sustainability ratings again, including AAA from MSCI. It has further developed its sustainability strategy and set new sustainability goals for 2030. This year, our Sustainability Report is being published for the first time as an integrated part of the Annual Report.
The position of CEO was smoothly handed over to Jens Vollmar in April, at which point we also restructured the organisation swiftly and successfully from four to three Divisions. With its differentiated range of services, Implenia is benefiting from the megatrends of population growth and urbanisation, energy transition and sustainability, digitalisation and industrialisation.
Growth forecasts for the relevant markets in Switzerland, Germany and Europe are positive. Infrastructure and defence programmes are significantly increasing construction expenditure in European markets. Implenia specialises and is experienced in these areas. To take advantage of these opportunities, Implenia is implementing a growth and differentiation strategy. Strategic priorities and corporate values have been refined accordingly.
The Group is investing in growth in 2026, developing capabilities and expertise to enhance differentiation and specialisation in the three Divisions. At the same time, specific areas of the organisation will be further optimised, focussing them on future success. This will facilitate a gradual increase in revenue from 2027 onwards and a further improvement in results.
Implenia wants its shareholders to continue participating in the company’s success, so the Board of Directors will ask the Annual General Meeting on 31 March 2026 to approve an increase in the dividend to CHF 1.40 per share (previous year CHF 0.90).
The Group turns 20 this year. I am pleased that Implenia is starting its anniversary year with increased results and positive growth prospects. We are organising various activities to celebrate 20 years of Implenia and the 160 years of construction tradition that lie behind it.
On behalf of the Board, I would like to thank all our employees for their hard work during the past 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
the Board of Directors
Interview
Increased results and positive growth prospects for Implenia
With EBIT of CHF 140.5 million, Implenia achieved its target for 2025 while also improving its EBIT margin, order book and free cash flow. Based on positive growth forecasts for the relevant markets, the Group will use its strong position, develop new segments and further improve profitability. Targeted investments will also be made in the implementation of a growth and differentiation strategy in 2026.
Implenia has achieved its 2025 targets, increased its order book and improved key financial indicators. What do you think of the results?
Jens Vollmar Implenia achieved EBIT of CHF 140.5 million, while the EBIT margin rose to 4.0%. The order book reached CHF 8.5 billion for the first time, a rise of almost 25%. We have increased our pre-calculated project margin from 7.3% to 7.8% within one year. Although revenue was slightly lower than in the previous year, we expect it to increase from 2027 onwards due to the healthy order book. The results show that our services are in demand in the market and that our employees have done a great job. Continue reading interview →
