Division Buildings significantly increased its order book compared to the previous year and, thanks to Value Assurance, simultaneously improved the quality of these orders. Owing to COVID-19 and other significant one-time effects, EBITDA decreased in the same period to CHF -6.1 million (2019: CHF 51.5 million).
Significantly larger order book
The order book of CHF 3,046 million (2019: CHF 2,394 million) reflects a successful acquisition strategy. The division won numerous major projects in the Swiss and German markets, facilitated by early involvement in the pre-construction phase and by coordination with the customer. Revenue was lower than the previous year at CHF 2,080 million (2019: CHF 2,242 million) because of the COVID-19 pandemic. This led to an underlying performance at the EBITDA level of CHF 40.5 million (incl. COVID-19 effect of CHF ~ -13 million) before the deduction of negative one-time effects from write-downs and re-evaluations of CHF -46.2 million and from restructuring provisions of CHF -0.4 million. The resulting reported EBITDA was CHF -6.1 million (2019: CHF 51.5 million).
“We won new flagship projects in Switzerland and Germany in 2020 – despite COVID-19. This is because we could offer full-service packages and get involved early in planning.”
Jens Vollmar Head Division Buildings
The significant increase in the order book resulting from the strategic reorientation marks an important step towards profitable growth. Consistent application of our Value Assurance approach across all project phases allows us to make better risk assessments, which in turn steadily increases the quality of the order book. Customers have been impressed by our partnership-based contractual models, our comprehensive planning and consulting expertise and the professional bundling of all relevant capabilities within local networks. We provide customers with all the services they need across all project phases from a single source.
Planning and consultancy even in the pre-contract phase
We continue to strengthen our core business in Switzerland and in Germany. With the continuous expansion of our planning and consultancy activities, we are systematically driving forward our transformation into a fully integrated construction services provider offering all the services required for every kind of new build or modernisation. At the same time, we are focusing our services on the upper section of the value chain and disposing of non-performing businesses such as Bau GmbH in South Baden, Germany. A suitable new owner is also being sought for our building construction services in Austria. We are combining a focus on complex building construction and modernisation projects with new partnership contract models. UBS Paradeplatz in Zurich, the cantonal hospital in Aarau, Alto Pont-Rouge in Geneva, Berliner Verkehrsbetriebe’s new training centre, Südcampus Bad Homburg and more: we managed to win many of these outstanding projects in part because we were often able to get involved in the initial planning and design steps even before contracts were signed. You can read more about our Real Estate and Buildings capabilities in Insight “Space for future generations”.
focuses on the integrated conception and construction of complex new buildings and challenging modernisation projects. The focus is always on providing expert customer-oriented advice and planning across the entire life cycle of a property. Our range of services covers the entire value chain, from initial analysis and planning steps – often even before the contracts have been signed – to handover of the finished building. Implenia is one of the leading general and main contractors, especially in its core markets of Germany and Switzerland.