Infrastructure

  • Very encouraging growth in revenue and earnings
  • Expanded market position in France
  • Higher order backlog
  • EBIT excl. PPA

The Infrastructure Segment encompasses Implenia’s tunnelling and foundation engineering units. These units worked well in the 2018 financial year, producing a very pleasing result. Revenue rose significantly to CHF 797.4 million, (2017: CHF 572.5 million). EBIT (excl. PPA) was also higher than in the previous year, at CHF 24.9 million (2017: CHF 19.1 million).

Large and complex tunnelling and foundation engineering projects in the home markets and beyond.

1,528 (1,341)

Order book, CHF m

852 (615)

Production output, CHF m

80% (77%)

Visibility1

1,239 (1,131)

Workforce, FTE



1   Visibility: Order backlog for the current year/planned production output

 

Major international projects running at full speed

Various large-scale projects – especially outside Switzerland – contributed to the very good performance. These are now in full swing. Tunnelling and foundation engineering projects in Switzerland also made a positive contribution to earnings. After adjusting for amortisation costs for intangible assets acquired through the takeover of Bilfinger Construction, EBIT came to CHF 22.3 million in the period under review (2017: CHF 14.4 million). Implenia has strengthened its European infrastructure business in France. In addition to an order for the European Laboratory for Particle Physics (CERN) in Cessy, near the Swiss border, the Group won a new contract to extend a metro line in Lyon. At the start of February 2019, the Group secured a third section of the major infrastructure project “Grand Paris Express”. During the year under review, the Segment was also involved in various projects in Scandinavia and Germany. These included the twin-track expansion between Varberg and Hamra and a section of the City Link project in Stockholm, as well as participation in the consortium that is building one section of the Second Core S-Bahn Route in Munich.

The Infrastructure Segment increased its order backlog by 14% to CHF 1,528 million (2017: CHF 1,341 million). This was due in particular to orders in international markets.

Key figures Infrastructure

   
 

2018

2017

Δ

 

CHF 1,000

CHF 1,000

 

Revenue

797,431

572,473

39.3%

EBIT excl. PPA

24,893

19,133

30.1%

EBIT

22,255

14,419

54.3%

EBITDA

41,336

49,241

(16.1%)

Order book (as at 31.12.)

1,527,835

1,340,700

14.0%

Production output

852,337

615,444

38.5%

Workforce (FTE; as at 31.12.)

1,239

1,131

9.5%

Large and complex tunnelling and foundation engineering projects in the home markets and beyond.

1,528 (1,341)

Order book, CHF m

852 (615)

Production output, CHF m

80% (77%)

Visibility1

1,239 (1,131)

Workforce, FTE



1   Visibility: Order backlog for the current year/planned production output