Janssen de Jong Groep group composition Distribution center Fetim in Amsterdam
PROJECT DEVELOPMENT & CONSTRUCTION
Janssen de Jong Projectontwikkeling
Development of a total of 170 homes with high-quality architecture, Land van Winkel in Abcoude New construction of 14 homes (92 homes in total) in Hout-Blerick
Science Park Eindhoven 5049 5692 EB Son en Breugel The Netherlands T +31 (0)88 355 94 00 www.jjpo.nl Also offices in Utrecht and Hengelo
Janssen de Jong Bouw Zuid
Science Park Eindhoven 5049 5692 EB Son en Breugel The Netherlands T +31 (0)88 355 93 55 www.janssendejongbouw.nl Also an office in Venlo
Janssen de Jong Bouw Oost
Alfred Marshallstraat 1 7559 SE Hengelo The Netherlands T +31 (0) 88 355 97 00 www.janssendejongbouw.nl Janssen de Jong Bouw Noord Kollergang 1 7773 NG Hardenberg The Netherlands www.janssendejongbouw.nl T +31 (0)88 355 95 70 Prefab Hout Constructies Hardenberg Maalstoel 2 7773 NN Hardenberg The Netherlands T +31 (0)88 355 95 70
E-commerce sorting center DHL in Zaltbommel Construction at Blue Diamond in Sint Maarten Showroom with office space and warehouse Airforce in Zandvoort
Janssen de Jong OnderhoudPlus Jan van Riebeeckweg 17 5928 LG Venlo The Netherlands T + 31 (0)88 355 93 88 www.onderhoudplus.nl Also offices in Hengelo, Hardenberg, Son en Breugel
Koninklijke Woudenberg
Voorstraat 7 4233 EA Ameide The Netherlands T +31 (0)88 355 96 00 www.koninklijkewoudenberg.nl
Koninklijke Woudenberg Maastricht Louis Loyensstraat 5 6221 AK Maastricht The Netherlands T +31 (0)88 355 96 90 www.koninklijkewoudenberg.nl
Construction at WEB in Aruba
Meesters In
Hogewaard 6 4235 VS Tienhoven The Netherlands T +31 (0)88 355 98 00 www.meesters-in.nl
Janssen de Jong Groep
Science Park Eindhoven 5001 5692 EB Son en Breugel The Netherlands T +31 (0)88 494 70 00 www.jajo.com
Van der Vegt smeed- en constructiebedrijf Manmakerweg 2-4 2971 VP Bleskensgraaf The Netherlands T: +31 (0)88 165 20 00 www.vandervegt.nl
Binder Art Services
Nieuweweg 4 2033 DK Haarlem The Netherlands T +31 (0)88 355 98 60 www.binderart.nl
BUSINESS PREMISES
CARIBBEAN
Curaçaose Wegenbouw Maatschappij Industrieterrein Groot Davelaar 148 Willemstad, Curaçao T +5999 433 85 00 www.curacaosewegenbouw.com
Mijnmaatschappij Curaçao Newport Postbus 3078 Willemstad, Curaçao T +5999 433 85 44 www.mijnmaatschappij.com
Hercuton
Betonindustrie Brievengat
Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 00 www.hercuton.nl
Kaya Playa Kanoa, Brievengat Willemstad, Curaçao T +5999 433 85 33 www.bib.cw
Remco Ruimtebouw
Albo Caribbean
Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 004 93 00 www.remco.nl
Industrieterrein Groot Davelaar 148 Willemstad, Curaçao T +5999 433 85 00 www.albocaribbean.com
Woody Building Concepts
Eigen Woning Plan
Touwslager 2 5253RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 70 www.woodybuildingconcepts.nl
Industrieterrein Groot Davelaar 148, Willemstad, Curaçao T +5999 433 85 00 www.eigenwoningplan.com
Ocmer
Bonairiaanse Wegenbouw Maatschappij
Al. Kosciuszki 80/82 pol. 201 90-437 Lódź, Poland T +48 426 34 87 90 www.ocmer.com.pl
Kaya Industria 43, Kralendijk, Bonaire T +5997 17 89 33 www.bonairiaansewegenbouw.com
ServicebouwPlus
Barcadera 122, Oranjestad, Aruba T +297 528 58 08 www.alboaruba.com
Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 50 www.servicebouwplus.nl
pvvT
Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 60 www.pvvt.nl
Hafkon International
Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 004 93 13 www.hafkon.nl
2019 OUTLINE
Albo Aruba
Arubaanse Wegenbouw Maatschappij Barcadera 122, Oranjestad, Aruba T +297 585 30 07 www.awmaruba.com
Windward Roads
Falcon Drive 5, Harbour View Philipsburg, Sint Maarten T +1721 542 75 20 www.windwardroads.com
Saba Roads & Construction BV
The Bottom, Clement Sorton Street, Saba T +599 416 37 62
Anguilla Roads & Construction Blowing Point Road, South Hill Anguilla T +1 264 462 88 10
Construction at Grote Knip in Curaçao
Outline 2019
The aim of further strengthening our position in the market will be continued in 2020, including enhancing the commercial strength of the organisation. Based on the information currently available to us, we do not expect any major changes in the number of employees.
In light of current developments regarding the coronavirus outbreak, a look back at the previous year offers perspective. Over the past several years, Janssen de Jong Groep has continued its development into a dynamic organisation. 2019 saw the beginning of market-oriented clustering based on customer groups, which enabled the Group to further expand its strong position in various market segments. Hans Smits retired as CEO and Chairman of the Board of Directors in December. His focus on increasing returns in conjunction with creating room for entrepreneurship was reflected in the figures: Janssen de Jong Groep achieved a strong result of €24 million EBITDA.
No major investments are expected for 2020. The investments that will take place involve replacement investments. In March 2020, financing was renewed for a period of 4 years. The overdraft facility has been reduced and the conditions improved. In addition, there is also a limited bank guarantee facility. We anticipate that use of these facilities will be reduced over the coming year. Despite current developments due to the coronavirus, we expect a higher turnover for the Netherlands with a stable result based on the current order book. For our Caribbean activities, market conditions are much more challenging due to the lockdown caused by the coronavirus. We are anticipating lower sales and lower results here.
Retrospect 2019
Integrity
Company Theme
The steady growth which started in 2017, continued into 2019. Janssen de Jong Groep closed 2019 with a net profit of € 14.9 million. The total liquidity position as of 31 December 2019 amounted to €23.2 million, which, in comparison to 2018, represents an improvement to the tune of €10 million. As expected, the investments in 2019 consisted primarily of replacement investments. The company was able to acquire an ample amount of new projects with lower investments such as with land positions. Our cash position improved even further partly as a result of this. The number of employees decreased by 39 as compared to 2018. This was mainly due to the completion of the Hato Airport project in Curaçao and a reduction in the number of employees at Windward Roads in St. Maarten as a result of Hurricane Irma.
The integrity policy was reviewed in 2019. Showing integrity in how we act and how we do business is essential for all employees and is the foundation of the Janssen de Jong Groep. For this reason, the company code, consisting of the code of conduct and group-wide rules, has been c ompletely rewritten.
Every year Janssen de Jong combines a yearly theme with its slogan 'Let's build happiness'. In order to be even more successful together, the next two years will be all about “Working together”. In doing so, we will focus on our employees, subsidiaries, customers and other stake holders. To reflect this, the word 'together!' will be added to the current slogan. Because building happiness is something you do together.
Focus on innovation, sustainability and synergy In 2019 the group-wide focus was on sustainability, innovation and synergy between the group companies. These aspects came together in the development and achievement of predominantly gas-free and zero-energy homes by Janssen de Jong Bouw and Janssen de Jong Projectontwikkeling. The latter is developing an almost car-free district together with its cooperation partners; gas-free, circular, nearly zero-energy and climate adaptive. In collaboration with Project Development, Janssen de Jong Bouw applied a modular building concept. The product engineering was optimised and the construction time considerably reduced. With its 'Woody Building Concepts', the business premises cluster developed a leading business property concept. The Janssen de Jong companies in the Caribbean are leaders in the field of asphalt, concrete and glass recycling.
The group-wide (internal) rules contain rules that apply to employees in the areas of management of work processes, safety, reporting and privacy.
Diversity in the workplace The Board of Directors is aware of the added value that properly balanced diverse team can bring to the organisation. Diversity in the Board of Directors and management makes our companies more effective and profitable. At Janssen de Jong Groep, we also want to take a socially responsible approach to the way we do business, and diversity is certainly a part of that. Over the past several years, more women have been appointed to the Janssen de Jong Groep Board of Directors as well as to commercial and executive positions. This trend will be continued in 2020 where possible.
2020 – Relevance, circularity and synergy In order for Janssen de Jong Groep to be prepared for the future, it is necessary to become even more relevant in the various market segments. Janssen de Jong Groep is ambitious and aims to evolve from a group of construction specialists into a strategic partner for the whole real estate chain. The focus of 2020 will be on circularity and customer satisfaction. Digital integration will also be high on the agenda, including pooling BIM knowledge and capacity within the Dutch subsidiaries.
During 2020, a number of actions will be taken to continue with this pursuit. These actions can be followed via the website and our social media channels.
Impact of Corona Within a short period of time, the coronavirus has had a substantial impact on everyone's social lives, and companies are facing major challenges. The measures taken by Janssen de Jong Groep have been on the advice and instruction of the government. Various safety and hygiene measures have been introduced and improved in order to minimise the risk of infection and to guarantee the continuity of our business operations. Digital communication tools have been implemented, allowing us to work from home wherever possible. The necessary equipment such as monitors and office chairs have been provided for by the company. The 'working safely together' protocol has been applied on the construction sites. The protocol was drawn up by Bouwend Nederland and Techniek Nederland, and expanded and adopted in consultation with the Ministers of the Interior and Kingdom Relations and Infrastructure and Water Management as well as various other construction sectors and trade unions. Applying this protocol makes it possible to continue with our construction activities.
The management is closely monitoring developments on a daily basis and keeping in touch with its employees. The measures taken appear to be effective; absenteeism due to illness has not been substantially higher than in the previous year. However, a limited number of people are remaining at home as a precaution as they may (possibly) have been in contact with corona patients. Janssen de Jong Groep has not experienced a significant drop in production at its Dutch companies. At the Janssen de Jong companies in the Caribbean, the lockdown in Curaçao, Aruba and Sint Maarten has led to a stagnation in activities. This concerns postponements, and the projects will be resumed immediately once the policy is relaxed. With the information available to us now, the continuity of the organisation has been safeguarded. Janssen de Jong Groep is using the opportunities offered by the government to support day-to-day operations, but we do not have to take any far-reaching measures in this regard. Although the concrete long-term consequences are still uncertain at the time of this report, we do not yet expect any substantial changes in our strategy. We are proud of the commitment, flexibility and perseverance shown by our employees at this extraordinary time.
Consolidated
Consolidated
(x1.000 euro)
(before appropriation of profit / x1.000 euro)
profit and loss account
Net revenue Change in work in progress Revenues
balance sheet
2019 2018
348.510 418.913 4.109 -17.905 352.619 401.008
Raw materials and consumables
101.146 98.919
In conclusion
Work subcontracted and other external expenses
153.001 208.668
We would like to express our gratitude to all Janssen de Jong Groep employees for their high level of commitment, pride and dedication. We would also like to express our appreciation to the Supervisory Board for their advice and dedication to the companies. And, of course, we would like to thank the shareholders for the trust they have placed in us. Lastly, a word of gratitude to Hans Smits for his passionate leadership over the past seven years. Hans can proudly look back on a most successful tenure. The transformation that Hans carried out within our organisation is our foundation for a prosperous future. Hans will remain involved with the Group as a shareholder and will also join the Board of Directors of Janssen de Jong Groep on 1 July 2020.
Wages, salaries and social security costs Depreciation of intangible and tangible fixed assets Other operating expenses Operating expenses
52.275 50.352 5.468 5.872 21.996 9.288 333.886 373.099
31-12-2019
31-12-2018
1.480
2.456
Tangible fixed assets
30.084
31.171
Financial fixed assets
19.213
15.145
Property
15.023
13.003
Fixed assets Intangible fixed assets
Current assets Stocks
44.519 53.818
Receivables
46.110
62.256
Cash and cash equivalents
23.209
13.225
179.638
191.074
31-12-2019
31-12-2018
Shareholders equity
74.088
62.874
Provisions
17.344
16.465
Work in progress
14.673
31.625
3.384
5.418
70.149
74.692
179.638
191.074
Total assets Earnings before interest and taxes (EBIT)
18.733 27.910
Finance income Finance expense Profit before income tax
354 392 1.260 1.512 17.827 26.790
Son en Breugel, 14 May 2020 Ivo van der Mark Pieter Pijper
Assets
Share in profits of associates
99 -1.257
Liabilities
Non-current liabilities
Income tax expense
-3.069 -5.409
Current liabilities
Net profit
14.857 20.124
Total equity and liabilities