Ballast Nedam has taken years to much on his fork, but now prefer stability and profitability. That said CEO Erik van der Noordaa Friday Commenting on the annual results of the troubled construction company
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Ballast suffered last year a loss of 103 million euros, mainly due to complex operations on motorways are much more expensive than previously thought. Of such projects will Ballast farewell, allowing the company is much smaller. ,, Those large, complex infrastructure projects do not fit and can not, ” Van der Noordaa stressed.
The practical consequences of downsizing of staff, he says, not yet clear. This is being worked on in the coming months.
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Ballast was rescued this week from destruction, including through loans from banks and partners. The construction company will pay a high price for these loans, with an interest rate of 6 to 8 percent, gave financial director Peter van Zwieten to. Ballast focuses coming years will therefore largely on reducing the debt.
Ballast is not under guardianship, Van der Noordaa stressed. ,, We determine our future, banks maintain confidence. The time of exciting adventures is over. That sounds boring, but ultimately it’s much more fun. We need to be stable and profitable ”
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