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Grontmij revenue up by 47%

Dutch consultant Grontmij has witnessed a recovery in key markets according to its 2011 first quarter trading update.

Grontmij’s latest results they show, “initial signs of recovery in our key markets that we saw in the fourth quarter of 2010 continued into the first quarter of 2011”.

The firm has been buoyed by major contract wins such as part of the design package on the Forth Replacement Crossing in Scotland and major transport infrastructure projects in Denmark and Paris.

Grontmij’s 47% increase in revenue to €273M (£238M) is predominately from France, with organic growth of 1.7%.

The firm said it has seen good progress in Water & Energy, Transportation & Mobility, and Monitoring & Testing in most regions but still has “difficult trading conditions” in the UK and The Netherlands planning and design market.

 

 

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