Implenia posts double-digit million profit
Implenia ended the 2021 financial year with a net profit of CHF 64 million. The year before, the construction and real estate company had written a loss in the hundreds of millions. The transformation initiated subsequently has largely been implemented.
In the 2021 financial year, Implenia generated sales totaling CHF 3.76 billion. In a year-on-year comparison, this corresponds to a decline of 5.6 percent. In a statement , the construction and real estate company from Opfikon informed that it was lower than expected “despite portfolio adjustments and longer project durations”. The order backlog increased by 7.7 percent year-on-year to a high of CHF 6.88 billion at the end of 2021. Implenia attributes the development here to “the strategic focus on large and complex projects”.
Implenia’s operating result at EBIT level for the year under review was CHF 114.8 million. In the previous year, a loss of CHF 146.8 million was incurred here. The consolidated result increased from a loss of CHF 132.1 million to a profit of CHF 64.0 million from 2020 to 2021. All four of Implenia’s business areas were involved in the positive developments. For the current financial year, Implenia is aiming for an EBIT of more than 120 million francs.
Following the loss in fiscal 2020, the company initiated a comprehensive transformation process. Implenia explains that this transformation is now well advanced. In the future, the company intends to continue to focus on construction and real estate services in Switzerland and Germany as well as on tunnel construction and related infrastructure projects in other markets.
“The 24 percent increase in the operating result shows that we are consistently implementing our transformation,” Implenia CEO André Wyss is quoted as saying in the statement. “After portfolio adjustments, with a strategic focus on profitable, complex projects and thanks to Value Assurance, all divisions are well positioned to further increase profitability.”