Tilburg, October 27, 2022
We would like to give you an update on the latest developments within the MTD Group, and we can share the preliminary results with you until September 2022.
Financial forecast 2022
The results up to and including September 2022 have been established in draft form. It should be noted that the project results are only recorded in the profit and loss account once the project has been completed in its entirety. The turnover, which has now been booked in the result, amounts to € 24,7 million. The turnover already invoiced for projects that have not yet been completed in full amounts to € 4,3 million.
It is still difficult to determine whether we will achieve a budget of € 36,5 million in turnover. Our expectations are that we will end up with around €35 million, just below the original 2022 budget. The net result achieved up to and including September 2022 is €4,0 million. The busiest part of the year is behind us and most of these projects have now been incorporated into the results. In December we have another major project in Saudi Arabia, namely the Soundstorm project. The net result for 2022 is expected to be €4,5 million, which is €1 million more than the half-yearly report of August 2022.
MTD Group Management
Hans Verhoeven | Richard van Klinken
