Dutch construction firm Ballast Nedam has reported a strong performance in its 2011 results, released today.
The company reported operating profits of €19 million, with net profits of €9 million on revenues of €1.4 billion.
Ballast Nedam said it performed well considering the bleak market conditions, increasing competition and price pressure, a situation it said would persist over the coming years.
Excellent results were achieved on several large multi-year projects and in the niche markets, the company said.