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Brunel News



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 Wednesday February 28 2001
Brunel recovers following disappointing first half year
Brunel generated profit of Fl 2.1m in the year 2000, despite losses of Fl 4.1m in the first half of the year. In the previous year, profit amounted to Fl 20.4m. The recovery in the second half of the year 2000 was due to a reorganisation which the company launched earlier. Brunel mainly suffered from setbacks in the Netherlands, where turnover fell by 21% to Fl 273.8m.

Wednesday October 4 2000
Brunel to deliver global staffing capabilities
Brunel International N.V. announces on Wednesday that it has forged a strategic alliance with kforce, an integrated specialty staffing firm providing flexible and permanent hiring solutions, which will allow the company to enter the global market for professional staffing. This alliance will allow both companies to service the global needs of both candidates and clients outside of their traditional markets.

Monday September 11 2000
Brunel chief steps down
Brunel chairman Sven Parsser unexpectedly resigned on Monday. In a statement Brunel said his resignation was 'for personal reasons'.

Thursday August 31 2000
Brunel H1 net loss EUR 1.9 mln
Brunel reported on Thursday a net loss for the first-half of 2000 of EUR 1.9 mln, compared with net profit of EUR 7.8 mln the company booked in the comparible period of 1999. Turnover decreased 15% from EUR 124.6 mln to EUR 105.8 mln. The company booked an operating loss of EUR 2.5 mln, compared with an operating profit of EUR 10.5 mln for the first-half of 1999. Losses per share for the first-half of 2000 came to EUR 0.08, compared with earnings per share of EUR 0.35 for the first-half of 1999.

Friday June 2 2000
Brunel agreement with Bartels Engineering
Brunel reported on Friday it reached final agreement with Bartels Engineering on the acquisition of Bartels' software and engineering company Technosoft. No financial details were disclosed.

Monday May 1 2000
Brunel acquires Technosoft
Brunel announced on Monday the acquisition of software company Technosoft of Lochem for an undisclosed sum from engineering company Bartels. Technosoft employs 25 people and booked 1999 turnover of NLG 6.5 mln. Brunel said the acquisition fit in its strategy to acquire small, specialised high quality companies. Bartels is divesting the unit because it no longer considers software development a core activity.

Thursday March 23 2000
Brunel net profit down 41%
Brunel reported on Thursday net profit for 1999 fell 41% to NLG 20.4 mln, compared with net profit of NLG 34.7 mln the company booked in the comparible period of 1998. Turnover increased 1% from NLG 515.4 mln to NLG 523.0 mln. Operating income fell 38% from NLG 50.9 mln to NLG 31.6 mln. Earnings per share for 1999 fell 41% to NLG 0.92, compared with earnings per share of NLG 1.56 for 1998.

Wednesday December 22 1999
Brunel new chairman of the secondment agency
Brunel shareholders gave the nod to the appointment of S.Parsser as the new chairman of the secondment agency at an extraordinary shareholders' meeting. Parsser succeeds Brunel founder J.Brand, who resigned three weeks ago. Parsser was previously second-in-command at Brunel. His major taskk will be to restructure the film.

Tuesday November 30 1999
Brunel issues profit warning
Brunel issued a profit warning on Tuesday and also announced that its chairman and major shareholder Jan Brand has stepped down. The company said that profit will fall between 30% and 45% compared to eur EUR 15.7 mln the company booked in 1998. Brunel attributed the disappointing figures to poor performance at its energy division in the UK.

Monday November 1 1999
Merger failure hits Brunel shares
The price of shares in secondment agency Brunel plummeted 19% on Monday following the collapse of its planned merger with Unique. In heavy trading, Brunel shares closed at EUR 13.55, recovering from a 25% price drop soon after the Amsterdam stock exchange opened. Unique, however, benefited slightly from the news, closing up 2% at EUR 24.50.

Friday October 29 1999
Brunel and Unique break off merger
The earlier announced merger between temporary employment agency Unique and outsourcing agency Brunel was unexpectedly scrapped on Friday. A curt press release stated that the two companies had failed to agree on the future strategy of the combine. Brand policy and internationalisation were both major stumbling blocks between the engaged couple, a Unique spokesman said.

Thursday September 9 1999
Brunel and Unique merger
Brunel and Unique announced on Thursday they agreed to merge and to form a new company called Newco. Each shareholder Brunel will receive one new share in Newco. Each shareholder Unique will receive 1.39 new share of Newco. The merger is subject to approval by the Dutch anti-cartel authority NMa. The new combine booked pro-forma net profit of EUR 39.8 mln on turnover EUR 602 in 1998 and will have a strong specialst position in the technical and computer-related sectors.

Pro-forma Unique-Brunel
in EUR mln1st h
1999		1998
turnover329.5601.5
operating result30.660.3
net result21.139.8

Wednesday September 1 1999
Brunel H1 net profit up 16%
Brunel reported on Wednesday net profit for the first-half of 1999 increased 16% to NLG 17.1 mln, compared with net profit of NLG 14.8 mln the company booked in the comparible period of 1998. Turnover increased 13% from NLG 242.3 mln to NLG 274.5 mln. Operating income increased 4% from NLG 22.3 mln to NLG 23.2 mln.

Thursday July 15 1999
Brunel looks for US merger partner
Brunel is looking for a US-based merger partner, chairman Jan Brand said in an interview with Dutch financial daily Het Financieele Dagblad. Brand said it wants a merger of equals, adding that there would be great advantages to such a merger. Brand said to the paper that it would save a lot of investment costs to handle its US business through a US-based partner, while Brunel would handle the business for the partner on this side of the Atlantic.

Thursday March 25 1999
Brunel net profit up 16%
Brunel reported on Thursday net profit for 1998 increased 16% to NLG 34.7 mln, compared with net profit of NLG 29.8 mln the company booked in the comparible period of 1997. Turnover increased 43% from NLG 360.6 mln to NLG 515.4 mln. Operating income increased 13% from NLG 45.1 mln to NLG 50.9 mln. Earnings per share for 1998 increased 10% to NLG 1.56, compared with earnings per share of NLG 1.42 for 1997.

Wednesday November 25 1998
Brunel issues profit warning
Brunel took a hard knock on the AEX on Wednesday after issuing a profit warning. The stock fell 21% to NLG 36,40 after Brunel said it would not reach its target of 30% earnings growth this year. Instead, net profit will rise between 15% and 20%. According to Brunel the profit warning was due to incidentals. It has now cut its workforce by between 70 and 80 mainly temporary, staff who failed to achieve targets.

Monday November 2 1998
Brunel calls off US acquisition
Brunel has called off the acquisition of Atlanta Technical Support, saying it has found 'skeletons in the closet' of the US-based company. Moreover, the owners of ATS have suddenly asked for more money. Brunel is considering filing a damages claim against ATS.

Wednesday September 23 1998
Brunel launches legal services
Brunel International has set up a new company to provide legal staff to governmental bodies and businesses facing staff shortages in this field. Brunel expects the new service to contribute to profits in a relatively short period.

Wednesday September 2 1998
Brunel H1 net profit up 22%
Brunel reported on Wednesday net profit for the first-half of 1998 increased 22% to NLG 14.8 mln, compared with net profit of NLG 12.1 mln the company booked in the comparible period of 1997. Turnover increased 53% from NLG 158.0 mln to NLG 242.3 mln. Operating income increased 17% from NLG 19.1 mln to NLG 22.3 mln.

Tuesday May 19 1998
Brunel opens interim management offices
Brunel International announced the launch of a new company specialising in interim management and management consultancy. The new services will initially operate from offices in Amsterdam and Arnhem. Brunel hopes to employ at least 10 managers by the end of 1998.

Wednesday March 25 1998
Brunel reports net profit up 57%
Brunel reports net profit for 1997 increased with 57% from NLG 18.9 mln to NLG 29.8 mln. Turnover rose by 42% at NLG 361 mln, compared with NLG 254 mln for the previous year. Turnover growth was depressed by a shortage of suitable personnel. With growing demand for technical staff, temps were quickly being offered permanent jobs.

Friday February 20 1998
Brunel to launch new unit financial consultants
Brunel is to launch a new unit with accountants, tax specialists, controllers and financial managers to its secondment activities. Brunel says the move is a response to the rapid growth expected in the market for financial specialists. Studies show there will be a shortage of 4,000 accountants in the Netherlands in 2002. Brunel Financial Services expects to have a staff of around 100 experienced financial experts within three years.

Thursday February 12 1998
Brunel takes over Australian EPDS and Canadian Renco Design
Brunel International has acquired two companies with a total turnover of NLG 12 mln. Brunel's energy sector has acquired Australian company EPDS. For Brunel's energy sector Canadian Renco Design has been acquired. Both companies have been consolidated per February 1, 1998 and will contribute immediately to the profit.

Hebels Financial Website believes the information herein was obtained from reliable sources but does not guarantee its accuracy. Neither the information nor any opinion expressed constitutes a solicitation of the purchase or sale of securities, derivatives or commodities. © 2002 Hebels Financial Website