Sunday 18 August 2019

Construction group Ballast Nedam posts 2014 loss of €103m

WADDINXVEEN-BALLAST NEDAM-LOGOTroubled construction company Ballast Nedam posted a loss of €103m in 2014, more than double its 2013 loss of €41m.

The company, which has postponed publication of the figures twice this year, has been hit hard by three major infrastructure projects: expanding the A15 motorway in Rotterdam port, sinking the A2 underground in Maastricht and a public transport project in Breda.

However, the figures also show losses at the previously profitable residential and office building unit Bouw & Ontwikkeling.

Earlier this week the company came out with a rescue plan including a €20m rights issue and €50m subordinated loan. has been free for 12 years, but now we are asking our readers to help. Your donation will enable us to keep providing you with fair and accurate news and features about all things Dutch.
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