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Imtech UK annual results show growth

Imtech UK’s annual results for 2011 highlight the company’s “strong foundations and solid growth”, according to the company’s UK and Ireland CEO Jim Steele.

The company achieved a 51 per cent increase in turnover to £514.6m, compared to £340.7m in 2010. Meanwhile, Imtech’s earnings before the deduction of interest, tax and amortization expenses, almost doubled from £16.6m in 2010 to £29.2m in 2011.

During the past year, Imtech UK strengthened its position in the buildings, infrastructure, industrial and utilities sectors, particularly water and waste water treatment.

The company also completed acquisitions of The Smith Group UK and Inviron, which means Imtech UK has the capability to deliver total end-to-end solutions across much of the UK.

Jim Steele, CEO of Imtech UK and Ireland, said: “I am pleased with our progress and achievements in 2011, which came through a combination of organic growth and acquisition.

“Looking forward, our business is underpinned by a strong net cash position of £68m and an order book of £550m, with Shareholders Funds currently standing at £66m. Altogether this demonstrates our strong foundations and solid growth.”

Meanwhile, Imtech UK’s parent company, Imtech NV continues to expand globally and show healthy trading figures. Revenue, net profit and earnings per share all increased in 2011 and the order book at the year-end was up 12 per cent to over €5,811m (£4,700m).

CEO René van der Bruggen said he is confident that Imtech NV is well positioned for future growth. 

“Despite challenging market conditions in a number of countries and markets, in 2011 Imtech continued to perform strongly with a total turnover of more than €5 billion (£4bn) and customer numbers increasing by a further 10 per cent to 23,000,” said Mr van der Bruggen.