Revenue up by 13% in 2022, as Royal HaskoningDHV reports a strong set of financial results.
In its latest financial results announced today, Royal HaskoningDHV has reported a revenue growth of 13% to €699m, though additional investments in its software business and a one-off inflation payment to employees led to a decrease of its operating margin.
CEO Erik Oostwegel commented: “I’m pleased to report we grew our company. In general, market conditions were good in 2022, the order intake was good and we were able to attract many new colleagues. We continued our focus on innovation and saw an increasing demand for our engineering, design and consultancy services combined with our technology and software.
“This included the launch of Twinn, the platform that unifies our portfolio of software and data solutions. In 2022, we again made major societal contributions with numerous projects linked to climate change and the energy transition through our purpose, Enhancing Society Together.”
Royal HaskoningDHV chief financial officer Jasper de Wit said: “In 2022 our revenue grew by 13% of which 10% was organic. EBITA (earnings before interest, taxes and amortisation) recurring ended at €29.8m which is lower than last year because of the investments in our software business, increased operational costs due to inflation and a one-off compensation payment to employees facing higher prices. EBITA recurring is after profit sharing with employees of €14.5m (2021: €11.4m).”
Marije Hulshof, Royal HaskoningDHV executive board member and from 4 April 2023 the new CEO, said: “In 2022 we made good progress with the execution of our Stronger25 strategy. Our global leading markets delivered revenue growth close to 20%. We were well-placed to respond to client demands connected to climate change, rising energy prices and logistical issues.
“To strengthen and extend our ability to help clients realign and futureproof their logistics activities, we acquired supply chain specialists Districon. We also grew our stake in Singapore-based Hydroinformatics Institute to offer clients digital consultancy services to help them become more climate resilient.”
Sustainability steps forward
During 2022 Royal HaskoningDHV further embedded its purpose Enhancing Society Together to drive positive environmental and social impact through projects and its own operations. This commitment to lead on sustainability is also reflected in the company’s ambitious net zero targets, which have been approved by the Science Based Targets initiative.
These include reducing scope 1 and 2 greenhouse gas emissions from mainly offices by 95% by 2030 and 100% by 2050 from a 2019 base year and also reducing scope 3 greenhouse gas emissions mainly related to business travel by 67% by 2030 from a 2019 base year.
In 2022, the company made good progress with scope 1 emissions 64% lower than in 2019, scope 2 emissions 29% lower and scope 3 emissions 58% lower. The revision of the company travel policy in early 2022 also contributed significantly to this.
In terms of the future outlook, CEO Erik Oostwegel said it was favourable. “For us, 2023 has started strongly and the outlook is good. Climate change, investments in emissions reduction and phasing out the fossil economy are creating a substantial long-term opportunity and demand for our services,” he said. Continuing investments in our digital and software capabilities, our domain expertise and recent acquisitions enable us to remain a trusted partner for our clients.
“We also continue to take a critical look at how automation and digitisation can make our work faster and better. In this way, we can reduce costs and help our people focus on what they do best – using their knowledge, creativity and expertise to help clients while driving positive environmental and social impact,” said Oostwegel.
