Bertrand van Ee (President), Piet Besselink (Vice President) and Jaska de Bakker (CFO)
Message of the Board
Dear Reader,
We are pleased to share with you the 2011 Annual Report and the Financial Statement for the DHV Group.
In the past year we recorded a strong improvement of financial results with revenue of € 425 million and net result of € 7.3 million for 2011. Total EBITA improved significantly and a strong turnaround was achieved on net result. At € 10.2 million, the recurring EBITA is in line with 2010. The cash position was strengthened as a result of strong cash management and two divestments.
In terms of Corporate Responsibility, the DHV Group continued to make contributions along three dimensions of sustainability: sustainability in projects, sustainability in our own actions and sustainability by giving back to the communities in which we work. In the Annual Report we highlight our contributions in each of these areas with a selection of projects and programs of which we are particularly proud.
Looking to the future, the announcement of the intended merger with Royal Haskoning was met with overwhelmingly positive reactions from clients, staff and other stakeholders alike. The Executive Board of the DHV Group is excited about this merger and looks forward to its formalization scheduled for mid-year 2012.
In the market place, we foresee volatile conditions continuing, especially in Europe. We are well-prepared to respond and adapt to the changing market circumstances. As industry leader we will continue to invest in innovation and focus on maintaining leadership in providing world-class sustainable solutions to global challenges. This is the basis for a confident outlook on the future.
Bertrand van Ee, Piet Besselink and Jaska de Bakker