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Heijmans (HEIJM) investor relations material

Heijmans H1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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H1 2025 earnings summary25 Jul, 2025

Executive summary

  • Strong H1 2025 performance with revenue up 8% to €1.31 billion and all segments contributing to profitability and margin improvements.

  • Upgraded full-year outlook with underlying EBITDA margin guidance raised to circa 9% and revenue expected around €2.75 billion.

  • Net profit rose 59% year-over-year to €59 million, with a solid solvency ratio of 32%.

  • Order book stable at €3.0 billion, with increasing quality and profitability.

  • Strategic focus on safety, innovation, sustainability, and workforce initiatives, including technical advances and new training programs.

Financial highlights

  • Revenue increased to €1.31 billion in H1 2025, up from €1.217 billion in H1 2024.

  • Underlying EBITDA rose to €112 million (margin 8.5%), up 23% from €91 million (margin 7.5%) in H1 2024.

  • Net profit reached €59 million, up 59% compared to H1 2024.

  • Net debt at period end was €40 million, with most free cash flow expected in H2 and a positive net cash position anticipated by year-end.

  • Cash dividend payout increased to 50%, with €45 million paid, impacting cash flow seasonality.

Outlook and guidance

  • Full-year 2025 turnover expected around €2.75 billion, with underlying EBITDA margin guidance raised to circa 9%.

  • Strong order book and market demand support continued growth into 2026 and 2027.

  • Focus remains on margin over volume, selective project participation, and risk-reward balance.

  • Expectation of a solid positive net cash position by year-end.

  • Modular and industrialized construction seen as key to scaling capacity amid labor shortages.

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Next Heijmans earnings date

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Q3 2025 TU31 Oct, 2025
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Frequently asked questions

Heijmans N.V. is a construction-services company based in the Netherlands, with a comprehensive portfolio that includes property development, residential housing, non-residential construction, installation techniques, and infrastructure. Established by Jan Heijmans in Rosmalen in 1923, the company has grown significantly over the years, reflecting its capacity to adapt and innovate within the construction industry. Heijmans focuses on creating a appealing living environments, emphasizing quality improvements, innovation, and integrated solutions to add value for clients across various sectors. The company is headquartered in Rosmalen, the Netherlands, and its shares are listed on the Euronext Amsterdam.

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