Besix’s Order Book Swells too Over €8 Billion Amidst Strong Performance
Belgian Construction Giant Reports Record order Book
Besix,the Belgian construction group,announced a critically important surge in its order book,reaching a record high of €8.2 billion.This milestone was revealed during the presentation of the company’s annual figures for 2024. the group also reported increased sales and profits for the past year, signaling robust growth and accomplished project execution.
Financial Highlights: Turnover and Profitability
The company’s turnover reached €3.45 billion, marking a slight increase of 1.7% compared to 2023. Furthermore, the adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) exceeded €150 million, indicating improved profitability. Besix also reported a rise in net profit, further solidifying its financial performance.
Key Factors Driving Growth
Besix attributes its improved results to the delivery of vital projects and improved market conditions in the most important markets.
the company’s strategic focus on key regions and successful project completion have been pivotal in driving its financial success.
Geographic Performance: Belgium and Beyond
Belgium remains besix’s largest market, contributing nearly 40% of its total turnover. However, the company has also made significant strides in international markets, particularly in Australia and France.
- Belgium: Continued progress on major projects such as the R4 West and East Ring between Ghent and the Haven, and the Oosterweel connection in Antwerp.
- France: Delivery of the Saint-Denis-Pleyel metro station in Paris.
- Australia: completion of the Kangaroo Point bridge in Brisbane.
navigating Macroeconomic Challenges
Despite its strong performance, Besix acknowledges the challenges posed by the global economic climate. The company noted that the global macro-economic and geopolitical situation remained volatile in 2024, with persistent inflation pressure and high energy and raw material costs.
However, Besix has managed to navigate these challenges effectively, maintaining profitability and growth.
strategic advantages and Market Opportunities
Besix Construction has capitalized on increased investments in public infrastructure, particularly in Belgium and the Netherlands. In australia, Besix Watpac has achieved a remarkable turnaround after facing challenges in previous years. This success underscores the company’s ability to adapt and thrive in diverse market conditions.
diversified Business Units
Besix operates through various business units, including:
- Besix Construction: Focuses on construction projects.
- Besix red: Specializes in real estate development.
- BESIX Invest: Manages the company’s investment portfolio.
- Local Entities: includes Jacques Partens and Vanhout, contributing to regional expertise.
