At year-end 2023, the closing price of Royal Heijmans N.V. ordinary shares was € 12.12. This was a 20% increase on the closing price at the end of the 2022 financial year (€ 10.12). This was an outperformance of the AscX index, which increased by almost 1% in the same period. The share price responded positively to the announcement of the Van Wanrooij acquisition on 20 June. This fell back somewhat as interest rates and inflation rates continued to rise during the summer months. At the end of the year, interest rates fell again, which had a positive impact on house sales. Given Heijmans’ greater exposure to the housing market, this is clearly reflected in the share price development. The chart shows the Heijmans share price development in 2023 compared with the AscX index, the AEX and the AMX, as well as to the other Dutch listed construction company BAM.
