Implenia is back in the black
Implenia closed the 2020 financial year with a loss in the three-digit million range. In the first half of 2021, the construction and real estate company reported a positive operating result again. The background is an initiated program.
According to a message from Implenia , the construction and real estate company from Dietlikon generated total sales of 1.88 billion francs in the first half of 2021. Compared to the same period in the previous year, this corresponds to a decrease of 2.2 percent. The focus on projects with higher margins is mentioned in the communication as a background. Despite the stricter criteria, Implenia's order backlog rose by 7.3 percent year-on-year to CHF 6.6 billion.
Implenia reports an operating result (EBIT) of 40.0 million francs in the reporting semester. Excluding the profit contribution generated by the spin-off Ina Invest, an EBIT of 3.7 million francs was achieved in the first half of the previous year. In 2020 as a whole, Implenia posted an operating loss of 146.8 million francs.
In the previous year, the company initiated a comprehensive transformation process. Business areas that are not part of the core business or are unprofitable are being cut back and risk management is being improved. Implenia has already implemented a number of adjustments to its portfolio. The announcement mentions, among other things, the divestments of business areas in Germany, Austria and Norway.
"The operational measures taken have the first positive effects on the results," André Wyss is quoted in the press release. The Implenia CEO sees his company "well positioned to become an integrated, multinational leading provider of construction and real estate services". Implenia is aiming for an EBIT of more than 100 million francs for the current year as a whole.