Brunel continues growth in turnover, margin and EBIT in 1st quarter 2009

14 mei 2009 Amsterdam, 14 May 2009 Brunel International noted a Q1 2009 turnover of ¤ 184 million, up 13% compared to the same period in 2008. The gross profit amounted to ¤ 40 million from ¤ 38 million over last year. The gross margin developed from 23.4% to 21.7%. The EBIT reached an amount of ¤ 13.7 million, an increase of 4% against the first quarter of 2008. +------------------------------------------------------+ | Brunel International | | | |-----------------------------+-------------+----------| | X ¤ 1 million | Q1 2009 | Q1 2008 | Change % | |---------------+-------------+-------------+----------| | | | | | |---------------+-------------+-------------+----------| | Turnover | 183.7 | 162.1 | 13% | |---------------+-------------+-------------+----------| | Gross Profit | 39.9 | 38.0 | 5% | |---------------+-------------+-------------+----------| | Gross margin | 21.7% | 23.4% | -1.7 | |---------------+-------------+-------------+----------| | EBIT | 13.7 | 13.2 | 4% | |---------------+-------------+-------------+----------| | EBIT % | 7.5% | 8.1% | -0.6 | |---------------+-------------+-------------+----------| | (unaudited) | | | | +------------------------------------------------------+ Brunel Netherlands realised a turnover of ¤ 37.6 million, an increase of 2% compared to the same period in 2008. The current market for professional staffing is more challenging and is faced with a lower productivity as a result of a rapid tightening of the demand for professionals. As a result of this development the gross margin decreased. Brunel Germany realised a turnover of ¤ 30.0 million, a decrease of 8% compared to the same period in 2008. In Germany Brunel is faced with the effects of the economic downturn which have resulted in a slowdown of the market for technical project management and engineering secondment. The result for Brunel is a lower turnover and a lower gross margin as a result of a lower productivity. The Energy division realised a turnover of ¤ 110.2 million, an increase of 28% compared to the same period in 2008, while the gross margin further improved. Jan Arie van Barneveld, CEO of Brunel International: "The good results of the first quarter 2009 are indicative of the strength of our business. We are all faced with the demanding economic climate providing us with challenges. However we are confident that we, with our excellent organisation, can successfully meet these challenges and continue our strategy of growth. Currently we consider it prudent not to provide a forecast of the level of business for the full year". Not for publication: For further information: Jan Arie van Barneveld CEO Brunel International tel.: +31(0)20 312 50 00 Brunel International N.V. is an international service provider specialised in the flexible deployment of knowledge and capacity in the fields of ICT, engineering, legal, finance and insurance & banking. Services are provided in the form of Project Management, Secondment and Consultancy. Incorporated in 1975, Brunel has since become a global company with over 8,000 employees and an annual turnover of over ¤ 700 million. The company is listed at Euronext Amsterdam N.V. Certain statements in this document concern prognoses about the future financial condition and the results of operations of Brunel International NV as well as plans and objectives. Obviously, such prognoses involve risks and a degree of uncertainty since they concern future events and depend on circumstances that will apply then. Many factors may contribute to the actual results and developments differing from the prognoses made in this document. These factors include general economic conditions, a shortage on the job market, changes in the demand for (flexible) personnel, changes in employment legislation, future currency and interest fluctuations, future takeovers, acquisitions and disposals and the rate of technological developments. These prognoses therefore apply only on the date on which the document was compiled. This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.