Strukton Rail responded decisively to the sharp drop in volume and the strong pressure on prices in the Dutch market and turned in a sharp improvement in its results in foreign markets. The combination of a contracting market and narrower margins in the Netherlands has forced us to adapt the organisation. The first measures were taken at the end of 2009.
Strukton Civiel profited from a high level of government contracting for additional investments in the infrastructure. A number of the tendering procedures are still ongoing and will lead to substantial acquisition costs in 2010. Strukton Civiel is now a leader in the market for large and complex projects in ‘dry’ hydraulic engineering.
Strukton Bouw had taken measures in previous years in anticipation of a substantial increase in revenue. The increase has remained below expectations, however, and the consequences have been exacerbated by the credit crunch. A substantial loss was incurred during the year, largely as a consequence of provisions for claims in respect of completed work that had been taken on on unfavourable terms and contract conditions. A start was made in 2009 on rescaling the organisation to a more realistic level of revenue.
Strukton Worksphere performed well in a difficult market. The company anticipated the deterioration in market conditions promptly and responded quickly and appropriately. The order book for 2010 is of high quality.
Strukton Integrale Projecten worked in 2009 on the construction and operation of projects won in the past and took part in a number of new tenders. Strukton Integrale Projecten coordinates our public/private projects and our own initiatives.