Heijmans (HEIJM) Q1 2026 TU earnings summary

Executive summary

• Outlook for 2026 reaffirmed: revenue expected at approximately €3.1 billion and underlying EBITDA margin near 9.5%.

• Order book increased to €4.1 billion from €2.9 billion year-over-year, reflecting strong demand and high-quality projects.

• Number of homes sold in Q1 2026 was 935, consistent with Q1 2025 (939 homes).

• All three business segments—Living, Working, and Connecting—started the year in line with expectations.

Financial highlights

• Revenue for the full year 2026 projected at €3.1 billion, with an underlying EBITDA margin approaching 9.5%.

• Order intake remained strong across all segments in Q1 2026.

Outlook and guidance

• Full-year 2026 guidance maintained, with positive trends in all operating segments.

• National government initiatives to stimulate the housing market are expected to support future growth, though implementation challenges remain.