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

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