Built to Build
Annual Report 2019
Dear shareholders,
investors and interested parties,
We at Implenia always look at our projects in two dimensions: as we develop and construct buildings, roads, bridges, railways and tunnels for people to live in, work in and travel on in future, we’re constantly seeking the right balance between financial success on the one hand, and social and environmental responsibility on the other. Built to Build – that’s our motto. Built to Build – it also happens to fit our strategy. With our four strategic priorities, we have created the foundations for profitable growth. Results for the 2019 financial year fulfilled our expectations. We achieved EBITDA of CHF 186.8 million after strategy implementation costs of around CHF 20 million. The operating model and new organisational structure have bedded in quickly and are having a positive impact. Significant progress has been made on the implementation of strategic priorities in all areas. We are successfully on track to make Implenia a leading multinational provider of construction services: Built to Build.
Strengthened, so we can build on it.
EBITDA is in line with our expectations.
„We have reached our EBITDA target for the year, confirming the success of the measures we have taken to secure profitable growth.”
Marco Dirren , Chief Financial Officer
Increased to give greater security.
Our consolidated profit grew as expected.
Diversified in order to be profitable.
Our order book is diversified and, thanks to Value Assurance, has improved in quality.
“In Division Civil Engineering we successfully acquired projects in all three global business units and increased the size of our order book by around 15%.”
Christian Späth , Head Division Civil Engineering
More profitable, so full potential can be realised.
We are aiming for mid single-digit percentage EBITDA growth in 2020 before strategy implementation costs of CHF 10 million.
“The new organisational structure has greatly strengthened collaboration across national borders, which is particularly important for Civil Engineering. This is also reflected in our acquisition successes.”
René Kotacka , Former Head Division Civil Engineering
Stable production output
Solid growth in production output with a slight decline in Division Specialties owing to weakening market for wind energy.
“We are in the middle of realigning Division Specialties. We already reached several milestones in the second half of 2019, but we’ll only really get up to speed in 2020.”
Anita Eckardt , Head of Division Specialties
Positioned to become a leading provider of construction services.
With the strategy and a new organisational structure, 2019 was a successful year of renewal for Implenia. A look at the four divisions shows how well prepared we are to realise our full potential.
Information for investors
The Board of Directors proposes to the AGM on 24 March 2020 to approve a cash dividend of CHF 0.75 per share. The total dividend amount is CHF 13.9 million.