Heijmans Fined €17.1 Million By European Commission Following Investigation Into The Building Industry
13 September 2006- ’s-Hertogenbosch - Heijmans has today been fined 17.1 million euros by the European Commission. The commission has been conducting an investigation into restrictive trade practices in the purchase of bitumen, a basic material in asphalt production. The period in question was from 1994 to the spring of 2002.
Heijmans considers the fine to be disproportional, since it bears no relation to the turnover involved or to the fines already imposed by the NMa in the investigation into the building industry.
Heijmans is therefore considering lodging an appeal against this decision.
Heijmans had made a provision of 45 million euros for the final settlement of the investigation into the building industry at the expense of its recognised income and expense for 2003 and 2004. The 17.1 million euro fine imposed is higher than anticipated at that time. For that reason, Heijmans will make an additional provision of 9 million euro at the expense of its recognised income and expense for 2006. As a consequence of this, the profit after tax forecast for 2006 will be adjusted from 87 million euros to 78 million euros. Heijmans stands by its dividend proposal for 2006 of 1.45 euros per share.
- Contact Information
- Frank Janssen
- Director of Group Communications
- Heijmans NV
- Contact via E-mail
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