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After an eventful period, A.Hak moves on towards the future with confidence. 2015 was concluded with a substantial loss. In 2016 we achieved a small yet positive gross profit and in 2017 we expect to earn a reasonable net profit. Régis Rivière, who recently moved from the former Board of Director to the Supervisory Board, reflects on the past and looks forward to the future. TEXT Richard van Santen PHOTOGRAPHY Maarten van der Voorde

R

égis Rivière became a member of the A.Hak board in 2016. His primary focus revolved around changing processes and procedures to improve the financial situation of the company. ‘And we succeeded in this mission’, he says. ‘In 2016, A.Hak recovered from the substantial loss with which we concluded 2015. This improvement is carrying on in the first half of 2017.’

OIL AND GAS CRISIS

Just as many other companies, A.Hak was affected by the crisis in the Oil & Gas industry that occurred in 2015. Exacerbating this effect was a number of incidental setbacks during large projects. Recently, news channels reported about these negative results. ‘And I understand that, as the loss was indeed substantial’, Régis explains, ‘although it does not mean that we actually lost 50 million euros on our projects. A considerable part of this loss was a matter of accounting. We had to depreciate on past projects and did not have the time to calmly negotiate during additional work consultations, as cash injections were welcomed. If that happens, settling and accepting the difference as a write-off is the logical thing to do.’ CUSTOMER-ORIENTED AND PROFESSIONAL

A.Hak recently implemented various measures to solve its ­financial challenges. ‘Cost control is of course a first aspect, but we also invested in further professionalising processes and procedures. Both during project execution and their financial settlement. One thing that makes A.Hak such a great company, is the involved staff that does everything they possibly can to properly complete projects. Whatever happens, A.Hak always strives to deliver the best possible quality on-time.

a.hak magazine

GENERAL

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Profile for A.Hak

A.Hak Magazine #16 Summer 2017  

A.Hak Magazine is a publication for employees, customers and partners of A.Hak, the Dutch specialist in the field of design, construction an...

A.Hak Magazine #16 Summer 2017  

A.Hak Magazine is a publication for employees, customers and partners of A.Hak, the Dutch specialist in the field of design, construction an...

Profile for a.hak
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