Ackermans & van Haaren: Annual results 2017

"Ackermans & van Haaren closed 2017 with a net profit of 302.5 million euros. This is an excellent result, which is not only 78.3 million euros (+35%) higher than last year, but also exceeds our own expectations.

AvH focuses on the development of its core participations: their contribution to the group profit in 2017 increased to 277.0 million euros (2016: 259.1 million euros, +7%). On top of that, 37.4 million euros in net capital gains and non-recurring results were realized a.o. on the sale of our holdings in NMP (AvH 75%) and in Ogeda (AvH 3%) and on a remeasurement at SIPEF.

This result clearly reflects AvH's strategy of an increased focus on less participations and on a further development of its portfolio (incl. 'Growth Capital') aiming at recurring contribution to the group result. The 'Real Estate & Senior Care' and 'Energy & Resources' segments represented in 2017 26% of the contribution of core segments to the group result."

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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