2018 Outline
Outline 2018
Last year was a strong year for Jansen de Jong in which a lot was achieved. A few things that truly mark last year were the rejuvenation of top management, the reconstruction of our company at Sint Maarten and how we defined our new strategic objectives. We look back on a successful year full of developments in the field of innovation and sustainability. Amongst these developments are, the Woody Building Concepts, gasless building and the completion of the Hato Airport at Curaçao. These are also reflected in our figures as the group has achieved a strong EBITDA result of €34 million (Including the exceptional income from Drienerveld, around €10 million) and 20 million after tax. The expected growth in revenue in 2018 has been more than achieved (an increase of more than 6.5%). The total liquidity position amounted € 11 million at 31 December 2018, which is an improvement of € 26 million compared to 2017.
Cluster The Janssen de Jong Group consists of three different clusters: Project Development & Construction, Business Premises and the Caribbean. The various subsidiaries within these clusters operate under their own management.
Project development & Construction Louis Camps (50) and Mark van Doorn (39) have been appointed as cluster management for the Project Development & Construction cluster. The most important reason for this new management structure is being able to offer total solutions and integrated projects to its customers, such as sustainable area developments and reallocation projects. For our companies, Koninklijke Woudenberg and Janssen de Jong Bouw Noord and Bouw Oost, Aafke van der Werf (44) and Jan Henk Schipper (43) respectively have been appointed as managing director. With these two professionals, the management team of both subsidiaries is at full strength and the cluster is ready for the future.
Business Premises The Business Premises has a strong profile in the market with brand names such as Hercuton and Remco Ruimtebouw. Headed by Ivo van der Mark (39), the cluster continues to achieve success within the field of sustainable development concepts such as the Woody Building Concepts, fully specialized in conceptual timber construction for Business Premises.
Caribbean A challenging market and unpredictable demands are putting pressure on our companies in the Dutch Caribbean. The companies have been established on the islands for over 65 years and know how to deal with this. Local management,
which draws its energy from exploiting opportunities instead of emphasizing obstacles, comes up with (innovative) ideas and developments that are one step ahead of the competition. We are therefore proud to express our appreciation for the dedication and passionate craftsmanship. Thanks to the contribution of the Signal Sosial Foundation, which was established in 1998, they are committed not only to the group but also to society on the various islands.
Sustainability In 2018, an important focus point was laid on innovation within the field of sustainability. Among other things, this translated into adapting F-labeled homes to energy-neutral homes within a period of just five days. 25 gasless homes were delivered in 2018. Work was done in the Caribbean on recycling possibilities for asphalt production. In the Netherlands, there was a lot of attention to the development of circular housing projects.
Human capital The employee is central. This is one of the strategic pillars of Janssen de Jong Group. Every year we link an annual theme to our slogan "Let's build happiness". The 2019th theme is about the health of our employees. A healthy lifestyle is fueled by various aspects. That is why four related themes have been chosen: food, exercise, work/private-balance and safety. Throughout the year we give substance to these themes through various campaigns. These promotions can be followed via the website and our social media channels. Finally, a word of thanks to Pieter van Gulik who worked for the Group for 18 years in the role of CFO and member of the Executive Board. The Board of Directors thanks Van Gulik for his important contribution to the total organization. As a shareholder, Van Gulik remains involved with the Group. We kindly invite you to read our 2018 annual report at www.jajo.com (only in Dutch). Son and Breugel, May 20th, 2019 Hans N.J. Smits, Pieter G. Pijper
Consolidated profit and loss account (x1.000 euro)
2018
2017
Net revenue
418.913
393.235
Change in work in progress
-17.905
-9.857
Revenues
401.008
383.378
98.919
111.791
208.668
181.114
50.352
49.773
Depreciation of intangible and tangible fixed assets
5.872
5.906
Other operating expenses
9.288
16.498
373.099
365.082
27.910
18.296
392
396
1.512
1.842
Profit before income tax
26.790
16.850
Share in profits of associates
-1.257
-539
Income tax expense
-5.409
-3.290
Net profit
20.124
13.021
Raw materials and consumables Work subcontracted and other external expenses Wages, salaries and social security costs
Operating expenses
Earnings before interest and taxes (EBIT)
Finance income Finance expense
Consolidated balance sheet (before appropriation of profit / x1.000 euro)
Assets
31-12-2018
31-12-2017
2.456
3.006
Tangible fixed assets
31.171
31.477
Financial fixed assets
15.145
23.673
Property
13.003
14.950
Stocks
53.818
45.864
Receivables
62.256
55.658
Cash and cash equivalents
13.225
7.859
191.074
182.487
31-12-2018
31-12-2017
Shareholders equity
62.874
52.076
Provisions
16.465
31.470
Work in progress
31.625
7.872
5.418
8.863
74.692
82.206
191.074
182.487
Fixed assets Intangible fixed assets
Current assets
Total assets
Liabilities
Non-current liabilities Current liabilities Total equity and liabilities
Front Entrance of Bucuti & Tara Beach Resort on Aruba.
Fizzionpark in Apeldoorn. Windward Roads at work on St. Martin.
All-in electric sorting centre in Zaltbommel for DHL. RCO-House in Amsterdam. Newly built properties in Driebergen.
Infrastructure work in front of the Renaissance hotel on Curaรงao.
Janssen de Jong Groep group composition PROJECT DEVELOPMENT & CONSTRUCTION Janssen de Jong Projectontwikkeling
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 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
Meesters In
Hogewaard 6 4235 VS Tienhoven The Netherlands T +31 (0)88 355 98 00 www.meesters-in.nl
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
Mijnmaatschappij Curaçao
BUSINESS PREMISES
Betonindustrie Brievengat
Nieuweweg 4 2033 DK Haarlem The Netherlands T +31 (0)88 355 98 60 www.binderart.nl
Hercuton
Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 00 www.hercuton.nl
Remco Ruimtebouw
Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 004 93 00 www.remco.nl
Woody Building Concepts
Touwslager 2 5253RK Nieuwkuijk The Netherlands T +31 (0)88 205 34 70 www.woodybuildingconcepts.nl
Ocmer
Al. Kosciuszki 80/82 pol. 201 90-437 Lódź, Poland T +48 426 34 87 90 www.ocmer.com.pl
ServicebouwPlus
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
Touwslager 2 5253 RK Nieuwkuijk The Netherlands T +31 (0)88 004 93 13 www.hafkon.nl
CARIBBEAN Curaçaose Wegenbouw Maatschappij Industrieterrein Groot Davelaar 148 Willemstad, Curaçao T +5999 433 85 00 www.curacaosewegenbouw.com
Science Park Eindhoven 5001 5692 EB Son en Breugel The Netherlands T +31 (0)88 494 70 00 www.jajo.com
Newport Postbus 3078 Willemstad, Curaçao T +5999 433 85 44 www.mijnmaatschappij.com
Kaya Playa Kanoa, Brievengat Willemstad, Curaçao T +5999 433 85 33 www.bib.cw
Albo Caribbean
Industrieterrein Groot Davelaar 148 Willemstad, Curaçao T +5999 433 85 00 www.albocaribbean.com
Eigen Woning Plan
Industrieterrein Groot Davelaar 148, Willemstad, Curaçao T +5999 433 85 00 www.eigenwoningplan.com
Bonairiaanse Wegenbouw Maatschappij Kaya Industria 43, Kralendijk, Bonaire T +5997 17 89 33 www.bonairiaansewegenbouw.com
Albo Aruba
Barcadera 122, Oranjestad, Aruba T +297 528 58 08 www.alboaruba.com
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