Koninklijke Heijmans N.V./€HEIJM

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About Koninklijke Heijmans N.V.

Koninklijke Heijmans N.V., founded in 1923 and headquartered in Rosmalen, the Netherlands, operates in the construction, property development, and infrastructure sectors. The company focuses on developing residential and commercial properties, constructing and restoring buildings such as homes, offices, schools, and hospitals, and maintaining infrastructure including roads, bridges, and tunnels. In 2024, Heijmans reported revenues of €2.58 billion, a 22% increase from the previous year, with a net profit of €90 million. The company employs approximately 5,650 individuals and maintains a strong presence in the Dutch market. Heijmans emphasizes sustainability and innovation in its projects, aiming to reduce its environmental impact while enhancing the quality of life through its developments.

Ticker

€HEIJM

Primary listing

AEX

Employees

5,791

HEIJM Metrics

BasicAdvanced
€1.6B
14.29
€4.05
1.28
€1.64
2.83%

Bulls say / Bears say

Shares surged 10% to a 16-year peak following FY 2024 results that beat expectations across the board. ING sees more room to run on 'rock solid' earnings and a 2025 revenue forecast of €2.75 billion, underpinned by a strong order book and growing recurring business (Reuters).
Heijmans sold 3,181 homes in 2024, a 23% year-over-year increase, highlighting strong demand in the residential market and supporting revenue growth for the Living segment (Reuters).
In H1 2025, revenue climbed to €1.31 billion and underlying EBITDA reached €112 million (an 8.5% margin), prompting management to raise the full-year EBITDA margin outlook to approximately 9.0%. This demonstrates improved profitability and a resilient €3.0 billion order book converting quality into higher margins (Heijmans).
Regulatory hurdles for Heijmans have intensified after a Dutch court ordered deep nitrogen emission cuts by 2030, threatening to block more than a third of planned residential projects. This could disrupt the pipeline for the Living segment and cloud revenue visibility (Reuters; DutchNews).
The collapse of the Dutch coalition government in June 2025 has introduced political uncertainty, raising risks of delays and interruptions for government-funded infrastructure projects. This poses potential headwinds for Heijmans’ Connecting segment backlog and its cash flow conversion (Reuters).
Heijmans shares are trading at their highest since September 2008 after soaring 110% year-to-date, putting valuation ratios at risk of looking overstretched. If 2025 growth drivers do not materialize, a sharp correction could follow (Reuters).
Data summarised monthly by Lightyear AI. Last updated on 30 Aug 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.

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