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Amstelland News



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 Thursday August 30 2001
Amstelland has EUR 125-150 mln for acquisitions, eyes family businesses - CFO
Amstelland has some EUR 125-150 mln in available funds "possibly to use for acquisitions", said chief financial officer John Schoonhoven, adding that Amstelland would be interested in "small family businesses." Schoonhoven estimated that at current financing levels Amstelland would be able to "cough up" a takeover sum including goodwill of around EUR 60 mln from own funds.

Tuesday August 1 2000
NBM-Amstelland H1 net profit up 75%
NBM-Amstelland reported on Tuesday preliminary net profit for the first-half of 2000 increased 75% to NLG 96.4 mln, compared with net profit of NLG 55.0 mln the company booked in the comparible period of 1999. Turnover increased 15% from NLG 2,333.2 mln to NLG 2,672.9 mln. Operating income increased 43% from NLG 121.7 mln to NLG 174.3 mln.

Friday July 7 2000
NBM-Amstelland buys timber merchant
NBM-Amstelland announced on Friday it is taking over timber merchant Woltman Beheer. Woltman Beheer has outlets in Heerenveen and Leeuwarden and employs 30 people. The company is expected to turnover some NLG 16 mln this year, NBM-Amstelland said. The acquisition fit in NBM-Amstelland's strategy to expand in trade and industry, the company said. Financial details were not disclosed.

Thursday March 30 2000
NBM Amstelland sells concrete factory
NBM-Amstelland said it sold its concrete factory Gerard Welkenhuysen in Genk, Belgium to Struyk Verwo Groep, a unit of CRH PLC, for an undisclosed sum. The concrete factory serves the sewer and drainage market. No job losses will result due to the sale of the factory, the company said.

Wednesday March 22 2000
NBM-Amstelland net profit down 18%
NBM-Amstelland reported on Wednesday net profit for 1999 decreased 18% to NLG 161.4 mln, compared with net profit of NLG 198.0 mln the company booked in the comparible period of 1998. Turnover increased 6% from NLG 5,350.1 mln to NLG 5,687.2 mln. Operating income decreased 3% from NLG 313.3 mln to NLG 305.4 mln.

Wednesday December 29 1999
NBM-Amstelland borrows NLG 250 mln to expand
NBM-Amstelland has expanded its guarantee capital with a loan worth NLG 250 mln. The company's takeovers this year have further reduced its balance following worse than expected first-half earnings.

Thursday December 23 1999
NBM-Amstelland to reorganise rail unit
NBM-Amstelland announced on Thursday that it would carry out a radical reorganisation of its unit NBM Rail in order to improve the unit's quality-level and to make it more competitive. The operation will result in the loss of jobs, but the company did not indicate how many yet. Currently, NBM Rail employs 450 people. The company also said that it will terminate its activities in Belgium, Germany and the UK in due course.

Thursday September 2 1999
NBM-Amstelland H1 net down 43%
NBM-Amstelland reported on Thursday net profit for the first-half of 1999 fell 43% to NLG 55.0 mln, compared with net profit of NLG 96.1 mln the company booked in the comparible period of 1998. Turnover decreased 6% from NLG 2,484.5 mln to NLG 2,333.2 mln. Operating income decreased 17% from NLG 146.8 mln to NLG 121.7 mln.

Monday July 19 1999
NBM-Amstelland takes over two Karwei stores
NBM-Amstelland is in talks with Holding R. van Broekhuizen on the acquisition of two Karwei-formula do-it-yourself stores in Leusden and Schagen. The two outlets booked 1998 combined turnover of NLG 20 mln and employ 61 people. NBM Amstelland said that the acquisition fit in its strategy to expand in trade and industry.

Tuesday June 8 1999
NBM buys 15 Gamma stores
NBM-Amstelland announced on Tuesday it is to take over 15 Gamma do-it-yourself stores from Visser Exploitatie. The stores booked 1998 combined turnover of NLG 185 mln and employ 550 people. NBM-Amstelland already has 29 Gamma and Karwei stores, bringing the total of outlets operated by the company to 44.

Wednesday May 12 1999
NBM-Amstelland reorganises industrial unit
NBM Amstelland is reorganising its loss-making NBM Industrie Services unit. The unit, which specialises in maintenance services for the petrochemicals industry, booked sales of NLG 25 mln last year. The unit was launched five years ago but it had been hit by falling demand as petrochemicals companies economised on maintenance and new construction.

Friday April 23 1999
NBM-Amstelland to renovate Shell gas stations
NBM-Amstelland subsidiary Petrol Systems and Industry (PSS) has received a NLG 60 mln order to renovate Shell petrol stations. PSS will renovate many of Shell's 800 stations in the Netherlands, NBM-Amstelland said.

Thursday April 1 1999
NBM-Amstelland net profit up 57%
NBM-Amstelland reported on Thursday net profit for 1998 increased 57% to NLG 198.0 mln, compared with net profit of NLG 126.4 mln the company booked in the comparible period of 1997. Turnover increased 34% from NLG 3,990 mln to NLG 5,350 mln. Operating income increased 65% from NLG 190.4 mln to NLG 313.3 mln.

Friday February 12 1999
NBM-Amstelland finalises two acquisitions
NBM-Amstelland said on Friday it has finalised the acquisitions of Meddelbrink & Van Breukelen and Zegers Installatietechniek. The two companies co-operate already for a number of years, NBM-Amstelland said. The acquisitions have combined turnover of NLG 35 mln and employs 130 people. Both companies will be incorporated in NBM-Amstelland's unit Verkeer, Telecom & Installaties under the name NBM-Amstelland Petrol Stations. Financial details were not disclosed.

Friday February 5 1999
NBM Amstelland reorganises group structure
NBM-Amstelland is abolishing the three divisions it set up three years ago in a move aimed at improving efficiency and cooperation between its 14 business units. The move follows the acquisition of builder Wilma in July of last year. The company expects to complete the reorganisation in the first half of 1999.

Tuesday January 12 1999
NBM-Amstelland unit and Ned Cement in merger deal
NBM-Amstelland announced on Tuesday that its unit Cementbouw Handel & Industrie and Nederlandse Cement Deelnemingsmaatschappij (NCD) are planning to extend its current joint-venture to a complete merger of the two companies. With the merger, also the commercial activities will be combined, which will have a positive effect on yield of the companies. The combined activities have annual turnover of over NLG 50 mln and will employ around 80 people.

Monday December 14 1998
NBM-Amstelland takes over installation firms
NBM-Amstelland announced on Monday that it is to acquire Middelbrink & Van Breukelen, which has annual turnover of over NLG 15 mln and around 60 employees, and Zegers Installatietechniek, which has annual turnover of 14 mln and 50 employees. The company said takeover talks are in a final stage. NBM-Amstelland said it will integrate the activities of the acquisitions in its units.

Friday December 11 1998
NBM-Amstelland chief quits
NBM-Amstelland said on Friday that its chairman Andre Blaar is to step-down for health reasons. Baar will be succeeded by J. van Bussel. Baar is to join the supervisory board in 2000. Baar, who asked the board to look for a successor last spring, was accused of money laundering and forgery in December last year in connection with the fraud scandal at the Amsterdam stock exchange. Baar denied any involvement, but is due to appear in court next spring. Baar has headed NBM-Amstelland since 1990.

Thursday September 10 1998
NBM-Amstelland H1 net profit up 73%
NBM-Amstelland reported on Thursday net profit for the first-half of 1998 increased 73% to NLG 96.1 mln, compared with net profit of NLG 55.6 mln the company booked in the comparible period of 1997. More than half of the profit growth was due to the takeover of Wilma Nederland, consolidated since January.

Friday May 8 1998
NBM-Amstelland takes over Wilma
NBM-Amstelland is to acquire the Dutch building activities of Wilma International. The move will create the biggest builder of housing and utilities in the Netherlands. The take over price was not disclosed. NBM-Amstelland will finance the takeover through the issue of 7.5 million new shares. Under the deal, Wilma International will receive three million of the new NBM-Amstelland shares, aquivalent to a 6% stake.

Thursday April 9 1998
NBM Amstelland reports net profit up 55%
NBM Amstelland reports net profit for 1997 increased with 55% to NLG 126.4 mln, compared with NLG 81.5 mln the company booked for the previous year. Turnover increased with 13% from NLG 1.81 bn to NLG 4.29 bn. Operating result rose by 49% to NLG 202.5 mln from NLG 135.8 mln. Earnings per share increased with 25% from NLG 2.85 to NLG 3.55.

Wednesday February 18 1998
NBM-Amstelland seeking acquisitions
NBM-Amstelland is seeking expansion through acquisitions. The company is negotiating to take over Elfrings Bouwmaterialen that books annual turnover of NLG 25 mln. The company is planning to buy the Karwei-bouwmarkt store in Zaandam, bringing the total of its Karwei and Gamma formula stores in the Netherlands to 30.

Friday January 16 1998
NBM-Amsteland in talks for HSL funding
NBM-Amstelland is talking to a number of private financing sources, including ABN Amro, on forming a consortium to provide the estimated NLG 1.8 bln of private-sector money needed to fund the construction of the high-speed rail line HSL from Antwerp to Amsterdam.

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