REPEAT/Heidemij NV reports revenue and income growth in the third quarter.ARNHEM Arnhem (är`nəm), Ger. Arnheim, city (1994 pop. 133,670), capital of Gelderland prov., E Netherlands, a port on the Lower Rhine. It is an industrial, transportation, and tourist center. , The Netherlands--(BUSINESS WIRE)--Nov. 21, 1995--Heidemij NV (Nasdaq:HEIDF) today reported a 13% increase in net income for the third quarter of 1995, excluding 1994 extraordinary items. For the third quarter ended September September: see month. 30, 1995, gross revenue was NLG NLG The ISO 4217 currency code for the Dutch Guilder. 237.7 million, compared to NLG 221.0 million in the 1994 third quarter. Net revenue increased 12% reaching NLG 157.0 million compared to NLG 140.2 million in the third quarter a year ago. Third quarter 1995 net income was NLG 6.1 million or NLG 0.33 per share compared to third quarter 1994 net income before extraordinary items of NLG 5.4 million or NLG 0.29 per share. For the first nine months of 1995, gross revenue reached NLG 657.2 million, compared to NLG 645.9 million in the same period of 1994. Net revenue was NLG 465.8 million versus NLG 449.5 million in the corresponding period of 1994. Net income rose 7% to NLG 18.3 million compared to NLG 17.1 million, excluding extraordinary items, in the 1994 nine month period. Net income per share increased to NLG 0.99 compared to NLG 0.92, before extraordinary items, for the year ago period. In U.S. dollars and under U.S. Generally Accepted Accounting Principles The standard accounting rules, regulations, and procedures used by companies in maintaining their financial records. Generally accepted accounting principles (GAAP) provide companies and accountants with a consistent set of guidelines that cover both broad accounting , results for the 1995 third quarter and nine months were significantly ahead of a year ago reflecting both improvements in operations and the relative strength of the Dutch Guilder. In the third quarter of 1995, gross revenue rose by 21% to $150.1 million compared to $124.5 million last year while net income for the third quarter reached $4.8 million, a 20% increase over last year's $4.0 million, before extraordinary items. Net income per share rose 14% to $0.25 compared to $0.22, excluding extraordinary items, in the 1994 third quarter. For the first nine months of 1995, gross revenue amounted to $413.4 million, an 18% increase over the $351.1 million of 1994, while net income excluding extraordinary items improved by 22% to $13.3 million from $10.9 million a year ago. Net income per share excluding extraordinary items increased by 20% to $0.71 compared to the $0.59 reported over the first nine months of 1994. Commenting on the third quarter, Frans Frans is a common first name, the Dutch version of Francis in English or Franz in German: Frans may refer to:
emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. requirements for public bidding of large governmental projects. This has led to higher expenses and increased pricing pressure. In the Netherlands Netherlands (nĕth`ərləndz), Du. Nederland or Koninkrijk der Nederlanden, officially Kingdom of the Netherlands, constitutional monarchy (2005 est. pop. 16,407,000), 15,963 sq mi (41,344 sq km), NW Europe. , we continued to benefit from our involvement in the work related to dikes and witnessed a significant growth in our activities related to heavy infrastructure projects, despite the competitive climate. In Germany Germany (jûr`mənē), Ger. Deutschland, officially Federal Republic of Germany, republic (2005 est. pop. 82,431,000), 137,699 sq mi (356,733 sq km). , we have shifted our orientation orientation, in architecture, the disposition of the parts of a building with reference to the points of the compass. From remote antiquity the traditional belief in the efficacy of religious ceremonials performed at dawn toward the rising sun has influenced the to pursue more private sector work as public sector project funding Project Funding reflects the overall financial analysis and entails the analysis that is needed in order to get the financial means approved and funds made available to be able to perform the discipline of project management. began decreasing earlier this year. This process is not yet completed which has caused a temporary shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. in activities there." Mr. Luttmer continued: "We expect the addition of the U.S. engineering company Piedmont Piedmont, region, Italy Piedmont (pēd`mŏnt), Ital. Piemonte, region (1991 pop. 4,302,565), 9,807 sq mi (25,400 sq km), NW Italy, bordering on France in the west and on Switzerland in the north. Olsen Olsen may refer to:
People with the surname Hensley:
Impetus may also refer to:
A risk management technique that mixes a wide variety of investments within a portfolio. It is designed to minimize the impact of any one security on overall portfolio performance. Notes: Diversification is possibly the greatest way to reduce the risk. into other segments and making us less dependent on the hazardous waste Hazardous waste Any solid, liquid, or gaseous waste materials that, if improperly managed or disposed of, may pose substantial hazards to human health and the environment. Every industrial country in the world has had problems with managing hazardous wastes. market. "In the third quarter we prepared for a listing on the Amsterdam Stock Exchange
The Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. , which was completed shortly after the close of the quarter. This quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. offers ease of access to Heidemij shares for European investors, provides a listing in both our home markets, first the U.S. and now the Netherlands, and enhances our financial flexibility. We are pleased that the secondary offering was oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. reflecting strong interest in Heidemij, particularly among private investors in the Netherlands." Mr. Luttmer concluded: "For full year 1995 and in Netherlands guilders and generally accepted accounting principles, we expect a modest increase in gross revenue, while net income will be comparable to that achieved in 1994 before extraordinary items." Heidemij NV, with its head office in Arnhem, The Netherlands, is an international consulting/engineering and contracting company specializing in the fields of the environment and infrastructure. Heidemij's common stock is quoted on the U.S. Nasdaq-National Market System under the symbol HEIDF and on the Amsterdam Stock Exchange in the Netherlands under the symbol HEIMY. -0-
HEIDEMIJ NV
CONSOLIDATED STATEMENT OF INCOME
(in millions, except per share data)
Three Months Ended September 30,
NL-GAAP IN US$ IN US$ NLG NLG
1995 1994 1995 1994
Gross revenue $ 150.1 $ 124.5 237.7 221.0 Materials, services of third parties 51.0 45.5 80.7 80.8 Net revenue 99.1 79.0 157.0 140.2 Cost of service 65.4 50.0 103.6 88.6 Gross margin 33.7 29.0 53.4 51.6 Selling expenses 11.6 10.1 18.3 18.0 Research and development expenses 1.3 0.9 2.1 1.5 General and administrative expenses 10.4 8.9 16.4 16.0 Depreciation 3.3 3.5 5.3 6.1 Operating income 7.1 5.6 11.3 10.0 Financing income/expenses, net (0.5) (0.6) (0.9) (1.1) Income from operations before taxes 6.6 5.0 10.4 8.9 Taxes (2.5) (1.8) (4.0) (3.2) Income of consolidated companies from operations after taxes 4.1 3.2 6.4 5.7 Income from non-consolidated companies (0.2) 0.2 (0.3) 0.3 Group income from operations after taxes 3.9 3.4 6.1 6.0 Extraordinary items after taxes 0.0 5.2 0.0 9.3 Minority interest 0.0 (0.4) 0.0 (0.6) Net income $ 3.9 $ 8.2 6.1 14.7 Net income excl. extraordinary items $ 3.9 $ 3.0 6.1 5.4 Net income per share: Exluding extraordinary items $0.21 $0.16 0.33 0.29 Including extraordinary items $0.21 $0.44 0.33 0.79 Number of shares outstanding (in thousands) 18,629 18,557 18,629 18,557 Net adjustments in accordance with U.S.-GAAP: Amortization of goodwill $ (0.4) (0.4) (0.6) (0.7) Pensions 1.3 1.5 2.1 2.6 Other 0.0 (0.1) 0.0 (0.1) Sale of non-consolidated companies 0.0 (1.2) 0.0 (2.1) Total net adjustments 0.9 (0.2) 1.5 (0.3) Net income in accordance with U.S.-GAAP $ 4.8 $ 8.0 7.6 14.4 Income excluding extraordinary items $ 4.8 $ 4.0 7.6 7.2 Net income per share: Excluding extraordinary items $ 0.25 $ 0.22 0.41 0.39 Including extraordinary items $ 0.25 $ 0.44 0.41 0.78 Dollar exchange rate 3rd quarter $1.00 = 1.58 1.77
HEIDEMIJ NV
CONSOLIDATED STATEMENT OF INCOME
(in millions, except per share data)
Nine Months Ended September 30,
NL-GAAP IN US$ IN US$ NLG NLG
1995 1994 1995 1994
Gross revenue $ 413.4 $ 351.1 657.2 645.9 Materials, services of third parties 120.6 107.2 191.4 196.4 Net revenue 292.8 243.9 465.8 449.5 Cost of service 198.8 164.1 316.4 302.7 Gross margin 94.0 79.8 149.4 146.8 Selling expenses 33.3 29.2 53.0 53.9 Research and development expenses 2.9 1.9 4.6 3.4 General and administrative expenses 29.8 25.1 47.4 46.3 Depreciation 9.7 9.1 15.4 16.6 Operating income 18.3 14.5 29.0 26.6 Financing income/expenses, net (1.5) ( 1.3) (2.4) (2.4) Income from operations before taxes 16.8 13.2 26.6 24.2 Taxes (5.9) (4.9) (9.3) (9.0) Income of consolidated companies from operations after taxes 10.9 8.3 17.3 15.2 Income from non-consolidated companies 1.5 1.7 2.3 3.1 Group income from operations after taxes 12.4 10.0 19.6 18.3 Extraordinary income/expenses after taxes 0.0 5.2 0.0 9.3 Minority interest (0.8) (0.7) (1.3) (1.2) Net income $ 11.6 $ 14.5 18.3 26.4 Net income excl. extraordinary items $ 11.6 $ 9.3 18.3 17.1 Net income per share: Excluding extraordinary items $0.62 $0.50 0.99 0.92 Including extraordinary items $0.62 $0.78 0.99 1.42 Number of shares outstanding (in thousands) 18,629 18,557 18,629 18,557 Net adjustments in accordance with U.S.-GAAP: Amortization of goodwill $ (1.1) $ (1.1) (1.8) (2.1) Pensions 2.8 2.7 4.4 4.8 Other 0.0 0.0 0.0 0.1 Sale of non-consolidated companies (3.6) (1.7) (5.9) (3.0) Total net adjustments (1.9) (0.1) (3.3) (0.2) Net income in accordance with U.S.-GAAP $ 9.7 $ 14.4 15.0 26.2 Income excluding extraordinary income/expenses $ 13.3 $ 10.9 20.9 19.9 Net income per share: Excluding extraordinary items $ 0.71 $ 0.59 1.13 1.07 Including extraordinary items $ 0.52 $ 0.78 0.81 1.41 Dollar exchange rate 1st quarter $1.00 = 1.65 1.92 Dollar exchange rate 2nd quarter $1.00 = 1.55 1.84 Dollar exchange rate 3rd quarter $1.00= 1.58 1.77
HEIDEMIJ NV
CONSOLIDATED BALANCE SHEET
(Amounts in millions)
Sept. 30, Dec. 31, Sept. 30, Dec. 31,
US$ (a) US$(b) NLG NLG
1995 1994 1995 1994
Amounts in accordance with NL-GAAP: ASSETS: Fixed assets $ 80.6 $ 72.3 128.4 125.5 Current assets 162.7 137.9 259.4 239.3 TOTAL ASSETS $ 243.3 $210.2 387.8 364.8 LIABILITIES AND SHAREHOLDERS' EQUITY: Current liabilities $ 113.8 $97.0 181.4 168.4 Long-term debt 7.5 8.6 12.0 14.9 Provisions 10.0 9.7 15.9 16.9 Minority interest 5.9 3.8 9.4 6.6 Shareholders' equity 106.1 91.1 169.1 158.0 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 243.3 $210.2 387.8 364.8 Amounts in accordance with U.S.-GAAP: Reconciliation in accordance with U.S.-GAAP $ 53.3 $62.6 84.9 108.6 Shareholders' equity in accordance with U.S.-GAAP $ 159.4 $153.7 254.0 266.6 Data per share: Equity in accordance with NL-GAAP 9.08 8.51 Equity in accordance with U.S.-GAAP in dollars $8.56 $8.27 (a) Calculated with September 30, 1995 U.S. dollar rate of $1.00 = NLG 1.59 (b) Caluculated with December 31, 1994 U.S. dollar rate of $1.00=NLG 1.74 CONTACT: June June: see month. Filingeri, Robert Robert, Henry Martyn 1837-1923. American army engineer and parliamentary authority. He designed the defenses for Washington, D.C., during the Civil War and later wrote Robert's Rules of Order (1876). Noun 1. Weiner Weiner can mean a metaphore for penis, or:
Jennifer Miller For the performer of the same name, see . Jennifer Miller (born 1961) is an American circus entertainer, writer and a university professor. Miller is a professor for the UCLA Department of World Arts and Cultures. She is a bearded woman, juggler, and fire eater. Media Contact: Brian The name Brian (sometimes spelled Bryan) comes from an Irish backround. It is of Celtic origin and its meaning may be "hill" or "strong, noble, and high"[1]. Maddox
George Ouzounian,[1] better known by his screen name Maddox Morgen-Walke Associates (212) 850-5600 or Joost A peer-to-peer TV (P2P TV) system for streaming video over the Internet, developed by Skype and Kazaa founders Niklas Zennstrom and Janus Friis. Pronounced "juiced," with its name having no particular meaning in Scandinavian countries (like Haagen Dazs), Joost introduced beta clients for Slooten Heidemij NV 1-85-778604 (516) 391-5262 (U.S. Headquarters) |
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