Earnings Release • May 24, 2007
Earnings Release
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Amsterdam, 24 May 2007
Brunel International noted a Q1 2007 turnover of nearly € 134 million, up 11% compared to the same period in 2006. The gross profit amounted to € 32,1 million from € 26,6 million over Q1 last year. The gross margin further improved from 22% to 24%.
The first quarter ebit reached an amount of € 11,4 million, an increase of 40% against the first 3 months of 2006. Average headcount was increased by 23% from 5,666 in Q1 2006 to 6,956 over Q1 of this year.
| Brunel International | |||
|---|---|---|---|
| X € 1 million | Q1 2007 | Q1 2006 | Change % |
| Turnover | 133,7 | 121,0 | 11% |
| Gross Profit | 32,1 | 26,6 | 21% |
| Gross margin | 24.0% | 22.0% | 2.0 |
| Ebit | 11,4 | 8,1 | 40% |
| Ebit % | 8.5% | 6.7% | 1.8 |
| (unaudited) |
Brunel Netherlands realised a turnover of € 33,3 million, an increase of 31% compared to the same period in 2006. In addition the gross margin further improved.
Brunel Germany realised a turnover of € 29,2 million, an increase of 26% compared to the same period in 2006. The German gross margin maintained a high level throughout the first quarter.
The Energy division stabilized their turnover level at € 65,7 million, while the gross margin has started to improve slightly.
Jan Arie van Barneveld, CEO of Brunel International: "We were able to continue to utilize the favourable market conditions in North-West Europe to our advantage. I'm happy to see that the reorganizations in the Energy division are starting to pay off. Although restructuring, we're not yet where we want to be. My management and I are looking forward to an exciting future."
The Brunel International board of directors forecasts an EBIT result of € 47,5 million for the year 2007. An increase of 35% compared to the previous year.
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For further information:
Jan Arie van Barneveld CEO Brunel International tel.: +31(0)20 312 50 00
Brunel International N.V. is an international service provider specialized in the flexible deployment of knowledge and capacity in the fields of ICT, engineering, legal, finance and insurance & banking. Services are provided in the form of Project Management, Secondment and Consultancy. Incorporated in 1975, Brunel has since become a global company with some 7,000 employees and an annual turnover over € 500 million. The company is listed at Euronext Amsterdam N.V.
Certain statements in this document concern prognoses about the future financial condition and the results of operations of Brunel International NV as well as plans and objectives. Obviously, such prognoses involve risks and a degree of uncertainty since they concern future events and depend on circumstances that will apply then. Many factors may contribute to the actual results and developments differing from the prognoses made in this document. These factors include general economic conditions, a shortage on the job market, changes in the demand for (flexible) personnel, changes in employment legislation, future currency and interest fluctuations, future takeovers, acquisitions and disposals and the rate of technological developments. These prognoses therefore apply only on the date on which the document was compiled.
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