Implenia Group CEO to step down at the end of March 2025
Published: Wednesday, Aug 21st 2024, 07:20
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There will be a change at the top of Implenia: after more than six years, CEO André Wyss will step down at the end of March 2025. The Board of Directors has appointed Jens Vollmar, who heads the Buildings division, as his successor.
"After six and a half years at Implenia, I have decided to step back from operational activities next spring and focus my efforts on existing and new mandates," Wyss explained in a press release on Wednesday. Following a comprehensive transformation, Implenia is optimally positioned, can continue to grow profitably and is ready for the next strategic phase.
Chairman of the Board of Directors Hans Ulrich Meister praised Wyss: "With far-sighted and courageous action, he has shaped Implenia into a financially sound, integrated, multinational construction and real estate services provider." The Group is excellently positioned in the market.
Expectations exceeded in the first half of the year
Implenia achieved slightly higher sales and operating profit in the first half of the year. On balance, however, net profit fell significantly. Sales rose by 1.2 percent to CHF 1.74 billion, as Switzerland's largest construction group announced in a separate communiqué.
Operating profit (EBIT) increased by 1.0% to CHF 50.5 million. However, net profit fell by almost a fifth to CHF 26.4 million.
Implenia's sales figures met analysts' expectations, but the profit figures exceeded even the most optimistic forecasts. Implenia is sticking to its previous financial targets.
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