Full Year 2025 Koninklijke Heijmans NV Earnings Call Transcript
Key Points
- Royal Heijmans NV (STU:HJN1) reported a strong financial performance in 2025 with a revenue of just under EUR2.8 billion and an underlying EBITDA of EUR252 million, resulting in a margin of 9.1%.
- The company achieved a 45% increase in net profit, amounting to EUR130 million, and plans to distribute 50% of this net profit as a cash dividend.
- The order book remained robust, growing to EUR3.7 billion, with significant contributions from recurring service activities and asset management contracts.
- Royal Heijmans NV (STU:HJN1) successfully increased its workforce by 8% to approximately 6,100 employees, demonstrating its attractiveness as an employer.
- The company is making strides in sustainability and innovation, with initiatives such as modular and industrial production of homes and the use of bio-based construction materials.
- The company faced a tragic fatal accident involving a subcontractor, highlighting ongoing safety challenges despite efforts to improve safety culture.
- The housing market remains under pressure due to unresolved issues such as nitrogen regulations and a lack of consistent policy, leading to potential declines in home sales.
- There is a noted oversupply of inner-city apartments, which are becoming increasingly difficult to develop profitably under current affordability regulations.
- The transition to a new ERP system from SAP R/3 to S/4HANA will incur significant costs, with EUR11 million budgeted for the changeover.
- The acquisition of Hegeman, while strategic, initially presents a lower EBITDA margin than Heijmans, potentially diluting overall margins in the short term.
You are listening to the audio webcast of the presentation of the annual results 2025 of Royal Heijmans. In the upcoming minutes, you will hear at first our CEO, Mr. Ton Hillen; followed by our CFO, Mr. Gavin van Boekel.
There is no opportunity to ask questions online. There is only opportunity for the people here present in Amsterdam to ask questions. I would like to ask you to state your name and the company you are representing as a gesture to our listeners online if you ask the questions through the microphone.
Mr. Ton Hillen, the floor is yours.
Thank you, Martijn. Ladies and gentlemen, this morning, we published the 2025 annual results of Royal Heijmans. 2025 was a strong and successful year for Heijmans and lays the foundation for a profitable growth. As usual, we'll start this meeting with a short video showing the highlights of the past year.
(video playing)
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