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ballast nedam nv-cva (BALNE) Snapshot

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10/22/13 - €9.91
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ballast nedam nv-cva (BALNE) Details

Ballast Nedam N.V. operates as a construction company in the Netherlands and internationally. It operates in four segments: Building & Development, Infrastructure, Specialized Companies, and Supplies. The Building & Development segment develops, constructs, manages, operates, and maintains a range of projects, including homes, care centers, leisure and sports facilities, schools, and offices. This segment also designs, constructs, operates, and maintains alternative fuel filling stations; and provides renovation, service, and restoration works for residential properties. The Infrastructure segment develops, constructs, maintains, and manages asphalt, gritting, quay structure, town/country planning, and water purification facilities; storage settlement basins; bridges, noise barriers, ports, and roads; and wind turbine projects. The Specialized Companies segment provides products and services on a project basis, such as engineering, construction trenches, foundations, drilling and anchoring, installation engineering for energy supply and mobility, environmental consultancy and engineering, prestressing, plant and equipment, asphalt, and green space. The company’s Supplies segment extracts primary raw materials, as well as produces secondary raw materials, prefabricated concrete products, and modular products. This segment also produces and supplies wide panel floorings, waffle floorings, beam bottoms, and concrete planks; sand, gravel, and stone chippings; cast components; and drainage, water management, and water level control products, as well as designs, builds, operates, and manages installations for reprocessing waste power plant ash. Ballast Nedam N.V. was founded in 1877 and is headquartered in Nieuwegein, the Netherlands.

3,009 Employees
Last Reported Date: 03/6/14
Founded in 1877

ballast nedam nv-cva (BALNE) Top Compensated Officers

Chief Financial Officer, Head of Ballast Neda...
Total Annual Compensation: €364.0K
Compensation as of Fiscal Year 2013.

ballast nedam nv-cva (BALNE) Key Developments

Ballast Nedam, Fluor, Heijmans and 3i Infrastructure plc Win €700 Million A9 Gaasperdammerweg Public-Private-Partnership Project

The Directorate-General for Public Works and Water Management of the Netherlands Rijkswaterstaat has awarded the A9 Gaasperdammerweg public-private-partnership (PPP) project to IXAS Zuid-Oost, a consortium consisting of Ballast Nedam, Fluor, Heijmans and 3i Infrastructure plc. The project includes the design, build, management, maintenance and financing of the existing and new infrastructure of the A9 motorway between Diemen and Holendrecht in the Netherlands. The project consists of all the work to be performed in connection with the reconstruction and expansion of the A9 motorway between the junctions of Holendrecht and Diemen in the region of Amsterdam, including the bridge over the river Gaasp, the road surface on the A9 Gaasperdammerweg and the construction of an approximately three kilometre overground tunnel. The project has a total nominal value of approximately €700 million, including a 20-year management and maintenance period after the new infrastructure becomes available. Ballast Nedam, Fluor, Heijmans and 3i Infrastructure plc will be the sole shareholders in the project, with an equal share. Ballast Nedam, Fluor and Heijmans will participate in the construction and operation phase with an equal share of one third each. The contract with Rijkswaterstaat will be signed in September 2014. The A9 Gaasperdammerweg project is the third section of the Schiphol-Amsterdam-Almere (SAA) road expansion.

Ballast Nedam NV Reports Earnings Results for the First Half Year of 2014

Ballast Nedam NV reported earnings results for the first half year of 2014. For the period, the company reported revenue of EUR 515 million compared to EUR 486 million a year ago. LBIT was EUR 45 million compared to EBIT of EUR 1 million. Loss before income tax was EUR 50 million compared to EUR 3 million a year ago. Loss for the period was EUR 51 million compared to EUR 3 million. The negative cash flow was EUR 25 million against a negative cash flow of EUR 17 million in the same period in 2013. Operational cash flow deteriorated by EUR 6 million compared to the first half-year of 2013 to EUR 82 million negative due to less work in progress and higher advance payments. Investments consisted of EUR 6 million in the intangible and tangible fixed assets and EUR 11 million in the financial fixed assets.

Ballast Nedam Appoints Remmert Honig as Head of Residential Building in Eindhoven and Almere

Ballast Nedam announced the appointment of Remmert Honig as head of residential building in Eindhoven and Almere. He will focus on the further integration and cooperation between Hurks's residential units. Honig has worked with local sector players Kanters Bouw en Vastgoed and Ballast Nedam Bouw en Ontwikkeling.


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