Ackermans & van Haaren: Half year results 2009

8/27/2009, 7:30 AM (Source: GlobeNewswire)
The Board of Directors of Ackermans & van Haaren NV (AvH) announces
that AvH realized a consolidated net result (group share) of 50.3
million euros for the first 6 months of 2009. The profit contribution
from financial services remained intact and is remarkably stable,
despite the current economic crisis. The other AvH participations are
to a larger extent confronted with the consequences of the crisis.

* Important profit contribution of the dredging activities
(DEME) despite the decline compared to a very strong 1H08
* Positive profit contribution from real estate activities,
partially from the capital gain realized by LRE on the sale of Bian
* Strong performance by Bank Delen and Bank J.Van Breda & C°
in extremely volatile market circumstances
* Weak results from several private equity participations
impacted by the economic recession and only limited capital gains
* Creation of a fifth segment "Energy and materials" in line
with AvH's strategy to grow in emerging markets and in renewable
energy and materials


This announcement was originally distributed by Hugin. The issuer is
solely responsible for the content of this announcement.

View document
Copyright GlobeNewswire, Inc. 2016. All rights reserved.
You can register yourself on the website to receive press releases directly via e-mail to your own e-mail account.