TBI construction company benefited from the strong housing market


TBI, a majpr Dutch сonstruction company benefited from the strong housing market last year. The markets for the construction of offices and other buildings and infrastructure also developed well. As a result, turnover and profit increased considerably and the construction company also has more work to do.

Turnover increased by 4 percent to almost 1.8 billion euros. Net profit went to 18.2 million euros, from 10.6 million euros a year earlier. This 72 percent increase is partly due to more attention being paid to the costs and returns of projects. TBI still has work worth 2.6 billion euros in the order book.

For this year, TBI expects further growth, with the company suffering from the scarcity of qualified staff. The price increases for building materials are also “a challenge”.

Bart van Breukelen becomes TBI’s chief executive on 1 May. Then the current chairman of the board, Daan Sperlings, leaves. Van Breukelen is already a member of the board of directors.

By: Leah Kunze

Leah Kunze just graduated MBA and is proud of it. She is interested in automotive industry and innovations. She well be glad to receive a mail to leah.kunze@economicinform.com

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