Order book above €1.5 billion

The order book of Ballast Nedam hasn’t been this large. The order book has increased significantly, this year, to over € 1.5 billion, despite the selective tender policy. This will increase the turnover of next year by 15 to 30%, compared to this year, to almost € 1 billion. In addition, the quality of the order book has increased considerably due to the selective tender policy. This is evident, for example, from a qualitatively better tender process, a larger percentage of projects with a lower risk profile and healthier profit and risk margins.

Olav Padberg, member of the Board of Management Ballast Nedam: “This is the first year that we are back at this level since 2012. This time, we are much more confident about the quality of the projects, as the tendering and bidding processes have been completely redesigned. We are now at a much different place in terms of risk management, as the percentage of legacy projects from before the takeover is less than 6% in our current order book. We are very happy to see that the strategy we initiated two years ago, selective tendering, improving the quality of the order book and focussing on the growth of the order book is paying off.”

This year around a break-even result is expected. The underlying earnings are positive. The result is being squeezed because investments are consciously made now, to have the organization ready for the future.

These investments are made, for example, in the quality of the design, estimations and tender departments, to be able to let the order book develop even further in 2019 and the years after. Investments are also being made in new business units (such as Ballast Nedam Renewables and Ballast Nedam construction region Midden), because there are still opportunities that can be utilized better. These investments are now starting to pay off.

In 2018, the order book has increased, because the following and other (major) projects:

  • The A24 Blankenburg connection: a DBFM project (together with consortiumpartners DEME and Macquarie Capital) of €1 billion. The project involves a new highway connection of approximately 4 km (linking the A15 and the A20 roads, to the west of Rotterdam) including a land tunnel of c. 500m (Holland Tunnel), an immersed tunnel of c. 900m (Maasdelta Tunnel), two major flyovers and the widening of the existing A20. Following the construction period, the consortium will maintain the new road connection for 20 years;
  • Airside pier Schiphol; the new pier will enable five narrow-body planes to board on one side and either six narrow-body planes or three planes of the largest size on the other side. The pier covers 53,000 m2, divided over three floors. It also includes a total of eight gates and 57,000 m2 of paving to create a parking site for aircrafts;
  • Development project Cartesius triangle: the former NS work and shunting yard in Utrecht will be transformed into an urban area that’s sustainable, green and low in traffic. In the future, approximately 2,600 homes, a large park, a school, a supermarket, restaurants and bars and several other facilities will be developed;
  • The World Trade Center Amsterdam; an expansion of 32,000 m2 and a complete renovation of 17,000 m2 of the World Trade Center at the Zuidas of Amsterdam;
  • The Galaxy Tower: a luxurious hotel with approximately 250 rooms, a restaurant, a swimming pool and a wellness centre. On top of the hotel over 300 apartments are being built in downtown Utrecht;
  • The CoolTower: a residential tower of 150 metres and 50 floors high. Accommodating approximately 280 apartments in downtown Rotterdam;
  • Extension P3 Schiphol: expansion of the long-term parking facility with an extension on top of the existing carpark (previously built by Ballast Nedam Parking), enlarging the parking spaces from approximately 13,000 to approximately 15,000.

In addition, Ballast Nedam has broadened its order book with smaller construction, infrastructure and housing projects.