Heijmans: good first quarter, challenging market conditions

Highlights: * Revenue and result in Q1 higher than in same period 2019 * Cash position remains strong, credit facility as yet unused in 2020 * Order book remains at a healthy level, at € 2.0 billion * 666 homes sold through April 2020 (479 in 2019), with 289 of these homes B2B sales * Impact Covid-19 limited to date Ton Hillen, CEO Heijmans N.V “Heijmans’ revenue, result and cash position exceeded expectations in Q1 and that has laid a strong foundation for the 2020 full-year results. We made a strong start to the year on the back of a mild winter with high production levels. Our efforts to improve risk management and increase predictability…