Brunel International NV: Brunel International N.V. turnover

continues to grow 9% in Q3. Gross
margin at 20% and Ebit at 6%. 
Brunel turnover continues to grow 9% in Q3. Gross margin at 20% and
Ebit at 6%. 
Amsterdam, 4 November 2009 
Brunel International realised a Q3 2009 turnover of € 196 million, up
9% compared to the same period in 2008 and up 8% compared to the
second quarter of this year. The gross profit in Q3 2009 amounted to
€ 39 million versus € 42 million same period last year and up from €
36 million in the second quarter of this year.
The EBIT in Q3 2009 is € 11.8 million, a decrease of 19% versus the
third quarter of 2008 (excluding € 2.7 million other income). 
Brunel Netherlands realised a turnover of € 32 million in the third
quarter, a decrease of 13% compared to the same period in 2008 and a
decrease of 6% compared to the second quarter of this year. Despite
the challenging market conditions in the third quarter, the gross
margin has improved slightly to 36% in the third quarter versus 35%
in the previous quarter. 
Brunel Germany realised a turnover of € 25 million, a decrease of 31%
compared to the same period in 2008 but only 2% less than previous
quarter. Brunel Germany has improved the gross margin to 40% up from
32% in the second quarter of this year mainly due to the improved
productivity. 
The Energy division realised a turnover of € 135 million in Q3, an
increase of 33% compared to the same period in 2008, with the gross
margin at a level of 12%. 
Brunel International realised a strong cash flow during the first
nine months with an operating cash flow of € 48 million and a net
cash flow of € 23 million. 
Jan Arie van Barneveld, CEO of Brunel International: "It is clear
that Brunel is well positioned to deal with the consequences of the
economic crisis. Although revenue in the staffing divisions has come
down compared to 2008, the third quarter has shown indications that
the market conditions are improving. The limited decline in the
staffing business in combination with a strong revenue and margin
development in our Energy division explains the relatively limited
impact of the crisis on our performance and consequently we have been
able to continue improving the quality of our organisation and
processes. This provides us with an excellent position once the
market picks-up. Our strategy of growth and investment in
organisational improvement remains unchanged while maintaining
acceptable profitability levels". 
Outlook 2009
The revenue level of the fourth quarter will be negatively influenced
by the completion of the Pluto Energy project in September 2009, but
the Board of Directors repeats the expectation that the turnover
level of this year will be around € 725 million, with an Ebit in
excess of € 44 million. 
For full article with table, please open attached pdf file.
--------------------------------------------------------------------------------------------------------------------
For further information:
Jan Arie van Barneveld CEO Brunel International tel.: +31(0)20 312 50
00
Rob van der Hoek CFO Brunel International tel.: +31(0)20 312 50 00 
This announcement was originally distributed by Hugin. The issuer is 
solely responsible for the content of this announcement. 
http://hugin.info/132857/R/1352372/327137.pdf 
Copyright © Hugin AS 2009. All rights reserved.
-0- Nov/04/2009  7:00 GMT
 
 
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