2005 2004
Profit
(x EUR 1,million)
Net turnover 390.8 312.7
Gross margin 88.4 67.8
Operating costs 64.9 56.9
Operating profit 23.5 10.9
Result before tax 24.1 11.3
Tax 8.1 3.8
Net result 15.9 7.4
Cashflow 18.7 11.4
Ratios
Change in turnover on 25.0% 27.3%
prvious year
Gross margin / net turnover 22.6% 21.8%
Operating profit / net 6.0% 3.5%
turnover
Group result / net turnover 4.1% 2.4%
Workforce
Employees total (average) 4,796 3,984
Employees indirect (average) 634 558
Employees total (year end) 5,359 4,598
Employees indirect (year 685 586
end)
Shares
in EUR
Earnings per share 0.70 0.33
Shareholders'equity per 4.27 3.51
share
Dividend per share 0.30 0.15
Highest price 18.00 9.00
Lowest price 8.65 4.86
Closing price at 31 december 18.00 9.00
Consolidated balance sheet as per 31 December
(x EUR 1,000) 2005 2004
Intangible Fixed Assets 1,919 1,664
Tangible Fixed Assets 4,437 3,852
Financial Fixed Assets 65 0
6,421 5,516
Receivables 114,943 76,825
Cash 28,952 36,609
143,895 113,434
ASSETS 150,316 118,950
Group Equity
Shareholder equity 96,683 79,434
Minority interest 64 -25
96,747 79,409
Current Liabilities 53,569 39,541
SH EQUITY AND LIABILITIES 150,316 118,950
Balance Sheet
Working capital 90.3 73.9
Group equity 96.7 79.4
Balance sheet total 150.3 118.9
Ratios
Group equity / total assets 64.4% 66.8%
Current assets / current 2.69 2.87
liabilities
Consolidated profit and loss account
2005 2004
(x EUR 1,000)
Net Revenue 390,780 312,744
Direct costs 302,424 244,979
Gross margin 88,356 67,765
Personnel expenses 37,624 32,456
Depreciation 2,090 2,268
Impairment 746 1,843
Other 24,396 20,303
Total operating costs 64,856 56,870
Operating profit 23,500 10,895
Interest income and expenses 550 394
Result before tax 24,051 11,289
Tax 8,072 3,818
Result participations -9 0
Group Income 15,970 7,471
Minority interest -85 -38
Net Income 15,885 7,433
Segment reporting
Net revenue Operating profit
2005 2004 2005 2004
Netherlands 91,930 74,152 7,184 1,026
Worldwide Energy 201,286 159,530 10,494 5,656
Germany 74,041 59,394 7,497 5,177
Belgium 14,632 13,118 51 36
Corporate 0 0 -1,828 -566
Other 8,891 6,550 102 -434
390,780 312,744 23,500 10,895
For further information: Jan Arie van Barneveld, CEO Brunel International, tel.: +31(0)20-312-50-76; Loek Hogenhout, Director Strategy, Marketing & Communications, tel.: +31(0)20-312-50-75
