Heijmans ahead of plan with ‘Together towards 2030’ strategy 

Highlights  

• • Market conditions remain structurally positive, with consistent high demand across all operating segments. 

• • Implementation of the ‘Together towards 2030’ strategy is ahead of plan. 

• • Digitalisation, industrialisation and continued investment in skilled professionals are becoming increasingly important to enable higher output despite labour shortages.  

• • The key performance indicator is now underlying EBIT-margin. 

• • The financial targets set for 2030: 

  • • • Underlying EBIT-margin in the range of 8–10% (2025: 6.6%) 

    • • Revenue towards € 4 billion (2025: € 2.8 billion) 

• • Unchanged dividend policy: 50% pay-out of net profit, paid in cash  

Royal Heijmans is ahead of plan with the implementation of its ‘Together towards 2030’ (new window) strategy, a route started in 2018. The company is benefiting from consistent strategic choices, rigorous risk management and the discipline to remain selective in its choice of projects it takes on. Combined with structurally favourable market conditions, this lays the foundation for the next step: updating Heijmans’ financial targets for 2030. In this context, Heijmans presents its new financial targets for 2030 at its Capital Markets Day, together with an update on the implementation of the strategy ‘Together towards 2030’. This year's Capital Markets Day is hosted at Heijmans’ new Krachtveld prefabrication plant for high-voltage substations in Ede. 

Heijmans confirms that market conditions in its three operating segments Living (new window), Working  (new window)and Connecting,  (new window)are structurally positive, in fact even more so than previously expected. This is apparent from the strong demand in energy and infrastructure projects (both in the Connecting segment), as well as the growing demand for the maintenance and renovation of non-residential buildings (Working). Heijmans also expects investments from the Ministry of Defence in the Working segment to lead to an increase in the number of contracts. Although the housing market is facing various challenges, demand for housing remains high – in view of the structural housing shortage in the Netherlands.  

Ton Hillen, Heijmans CEO: 

“Heijmans experiences tailwinds in all segments. We are currently in a robust and healthy position, thanks to our successful ‘Together towards 2030’ strategy, rigorous risk management and the discipline to remain selective in terms of the projects we choose to take on, always maintaining the right balance between risk and rewards. These remain our guiding principles, particularly in view of market developments, with demand increasing on a structural basis across all segments in which we operate. At the same time, we are mitigating the impact of persistent labour shortages by investing in skilled workers and the automation of processes, such as modular assembly in our prefab factory in Ede. Driven by our ‘yellow heart’, we are therefore all committed to create the healthy living environment, one in which people enjoy living, working and connecting. And one in which nature is protected and enhanced. Thanks to our ongoing engagement with stakeholders, we are translating their interests and expectations into our projects, our strategy and our decision-making. This is how we realise sustainable value creation taking all parties involved interests into consideration. Against this backdrop, we are confident we will realise the financial targets we are presenting today.” 

Innovation as game changer

Through its ‘Producibility’ (new window) strategic pillar (new window), Heijmans is systematically increasing its added value for society focusing heavily on innovation. In a market in which demand for housing, energy infrastructure and mobility is rising, whilst skilled labour is becoming ever scarcer, Heijmans is explicitly focusing on the industrialisation, standardisation and digitalisation of the construction process. Heijmans is using its timber-frame housing production facility (new window) to produce homes quicker and more sustainable, while the company is also assembling prefabricated high-voltage substations (new window) in Ede, to accelerate the energy transition. In addition, Heijmans has its own production plant for circular guardrails (new window), and will open a production facility for modular skids later this year. The latter will enable further standardisation and acceleration in the production of technical installations. Heijmans is also a frontrunner in infrastructure innovations, such as the self-driving roller (new window). Thanks to this leading role in ‘Producibility’, the company expects to achieve both revenue growth and structural productivity improvements. Digitalisation and automation will also lead to cost optimisations. 

Heijmans is also in a leading position in terms of its Sustainability (new window) strategic pillar (new window). The company is on track to achieve zero-emission operations in terms of scope 1 and 2 emissions and is investing in zero-emission equipment (new window), the electrification of construction sites and sustainable logistics. 

On top of this, Heijmans is actively working on biodiversity restoration (new window) and water quality, thanks in part to its nature-inclusive construction, monitoring with Bio Buddy and the application of water-driven design principles (new window) in area developments. Thanks to this approach, Heijmans is combining profitable growth with demonstrable social impact and helps to create a future-proof living environment in the Netherlands. 

Financial targets 

Sustained high market demand, combined with accelerated strategy execution, resulted in Heijmans being ahead of plan in delivering on its financial targets. During the Capital Markets Day, Heijmans announced that by 2030, it targets an underlying EBIT-margin in the range of 8% to 10%. For 2025, the underlying EBIT-margin stood at 6.6%. The new EBIT-target corresponds to an underlying EBITDA-margin of approximately 10.5% to 12.5%, which up to now has been the company’s primary performance metric. Revenue is expected to trend towards € 4 billion by 2030 (2025: € 2.8 billion). The dividend policy remains unchanged: Heijmans aims for a pay-out of 50% of net profit, fully in cash. 

Underlying EBIT as performance indicator 

Heijmans has decided to report underlying EBIT as its key performance indicator from now on, rather than underlying EBITDA. The underlying EBIT provides a more accurate reflection of the company’s underlying performance. The new IFRS 18 reporting standard, which comes into effect as per next year, also focuses more on EBIT. Furthermore, this is a widely used performance metric in the international construction sector. 

Underlying EBIT is calculated by adjusting EBIT with: 

• The result achieved in joint ventures;

• M&A-related costs, including both direct costs and M&A-related amortisation.