Key events in 2017

More focus on a smaller number of participations at AvH
de participations chez AvH

  • Sale of Ogeda (AvH 3%), NMP (AvH 75%) and Groupe Flo (AvH 23%).
  • Sale of A.A. Van Laere to CFE Contracting.
  • Held for sale: BDM-Asco (AvH 50%), OQM (AvH 50%) and Transpalux (AvH 45%).

 

Special zoning plan for
Tour & Taxis approved

  • Opening of Herman Teirlinck office building as Flemish Administrative Centre.
  • Development of residential projects Gloria and Riva.
  • Renovation of Gare Maritime for retail and offices.

 

Record order backlog for DEME

  • Order backlog at year-end 2017: 3,520 million euros.
  • Contracts won but not yet included in order backlog: 1,744 million euros.
  • Many years of focus on the development of offshore wind energy (GeoSea) boosted DEME’s turnover to 2,365.7 million euros.
  • Despite the change in its mix of activities, DEME realized an EBITDA of 456.2 million euros (19.3%), in spite of a temporary downturn in traditional dredging activity.

 

Significant expansion at SIPEF
following acquisitions of Agro Muko
and Dendymarker

  • Expansion of total planted areas by 30% to 71,865 planted hectares.
  • Remeasurement gain following the acquisition by SIPEF of a controlling interest in PT Agro Muko. AvH’s share amounts to 19.8 million euros.

 

Ambitious investment program DEME:
expansion of fleet with
2 dual fuel vessels in 2017

  • The hopper dredgers Minerva and Scheldt River were brought into use in 2017. LNG propulsion reduces the emission of sulphur, NOx and atmospheric particles.
  • Total investment in renewal and expansion of fleet of 614.2 million euros in 2017 (including acquisition of A2SEA).

 

More than 40 billion euros
of assets under management
consolidated at Delen Private Bank

  • Biggest-ever gross inflow of assets at Delen Private Bank in Belgium.
  • Positive impact of increasing value of assets at Delen Private Bank and at JM Finn.

 

Focus on two asset classes and
three countries
by Leasinvest Real Estate

  • Disposal of Swiss retail portfolio and Belgian logistics portfolio.
  • Focus on retail and offices and on Luxembourg, Belgium and Austria.

 

Further expansion of senior care

  • Both Anima Care (+389 beds) and Residalya (+158 beds) continue to expand their network.

 

Successful year for Extensa

  • Sale of Herman Teirlinck building (Tour & Taxis) and successful commercialization of Cloche d’Or (Luxembourg) constituted the basis for a solid net profit (29.9 million euros).

 

More balanced spread of contribution
from core segments

  • ‘Real Estate & Senior Care’ and ‘Energy & Resources’ together represent more than 26% of the contribution from the core segments (2016: 21%, 2015: 17%).

 

CFE (contracting and real estate)
turnaround confirmed

  • Strong increase in contribution to group result.
  • High level of order book.