Ackermans & van Haaren: Annual results 2016

"Ackermans & van Haaren closed the 2016 financial year with a net profit of 224.2 million euros, a solid result. The contribution of the core segments increased by 2.9 million euros to 259.1 million euros in comparison with 2015, which was a very strong year.

This shows that the group is well positioned and allows AvH to look to 2017 with confidence, as is confirmed by the proposal to increase the dividend per share by 4% to 2.04 euros. At 224.2 million euros, the net result is lower than in 2015 (284.1 million euros). This is the result of operating losses and impairments on Groupe Flo and CKT Offshore totaling 34 million euros in 2016, as opposed to non-recurrent capital gains of 55.2 million euros in 2015 (remeasurement Tour & Taxis, Egemin).

AvH has redefined its strategic priorities and wants to focus even more on the development of its core segments together with a limited number of new initiatives. It wants to present itself, totally in line with the new baseline, as a 'partner for sustainable growth'."

Jan Suykens, CEO - Chairman of the executive committee

AvH press release

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Source: Ackermans & van Haaren via Globenewswire

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