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At EUR 117.5 million (H1/2016: EUR 136.6 million), operating earnings before interest, taxes, depreciation and amortisation met expectations, translating into a Group EBITDA margin of 7.8%. This performance was underpinned by the good average margin on projects under construction, which is also reflected in the increase in the gross margin to 27.2% (H1/2016: 24.8 percent). Consolidated profit came to EUR 22.6 million (H1/2016: EUR 51.0 million)..

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“To this day, I still find myself using the guidance and thought processes that I was fortunate to pick up from them. There’s too many to list them all, but a few come to mind. For example; a team is only as good as the sum of its parts; meaning you have to find people who are willing to work together not just for themselves, but for the whole team.

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Chuck Berry songs are about getting from point A to point B in the shortest amount of time with the maximum amount of style, and on “Promised Land,” he gets from Norfolk, Virginia to Los Angeles via Greyhound, train, and airplane in just two minutes and twenty three seconds. That’d be at the least a 2,700 mile trip, but Chuck doesn’t choose the shortest route west, or the most hospitable he travels through the deep south, getting stuck first in Alabama and then Louisiana, two states where no black man wanted to be stranded in 1965 after the sun went down. Berry wrote “Promised Land” while he was in prison, and had a hard time finding a road atlas to fact check his lyrics against.



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