VolkerWessels reports additional provision of € 31.5 million for OpenIJ Sealock
Amersfoort, the Netherlands, 3 July 2018, Koninklijke VolkerWessels N.V. (“VolkerWessels”), reports an additional provision for the OpenIJ Sealock in IJmuiden of € 31.5 million for its 50% share in the project. VolkerWessels expects 2018 EBITDA result to be at the same level or slightly better than 2017* and reconfirms to be on track to meet its medium-term objectives.
The additional provision of € 31.5 million (representing VolkerWessels’ 50% share in the project) is mainly caused by the updated project planning.
The additional provision will be accounted for in the H1 2018 results.
VolkerWessels will report H1 2018 results on 30 August. We expect that EBITDA result for H1 2018 - excluding the provision for OpenIJ – will be between € 85 million and € 91 million, in line with H1 2017 result.
*The full year EBITDA result for 2017 amounted to €265 million.
Robert Kamphuis, Media Relations
T +31 6 30 21 57 55
Ingrid Prins, Investor Relations Manager
T +31 6 515 92 484
Eiprins@volkerwessels.com / IR@volkerwessels.com
For more information please visit our corporate website: www.volkerwessels.com