Ackermans & van Haaren: Ackermans & van Haaren: Half year results 2010

Wed Aug 25, 2010 1:31am EDT

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The board of directors of Ackermans & van Haaren NV announces that the consolidated net
result (group share) for the first half of 2010 increased by 46% (compared to the same
period in the previous year) to 73.5 million euros.

·         Contracting, dredging and concessions: increase of turnover (+37%) and net
result (+34%) of DEME and return to net profit for Van Laere

·         Limited results for real estate activities, partially impacted by seasonal
effects at Financière Duval

·         Financial services: increase of assets under management at Bank Delen to
record level of 13,996 million euros; strong increase of total client assets at Bank
J.Van Breda & C° to 5,969 million euros

·         Private equity: improved contribution from most participations confirmed and
reinforced in the second quarter

·         Energy and materials: strong contribution from Sipef


AvH press release