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Results – new annual record for Thomas & Piron

Thomas & Piron published its annual results for the past year in mid-June. With a turnover of €696 million – up another 10% (€629 million in 2020) – and a solid EBITDA (earnings before interest, taxes, depreciation and amortisation) of €88 million, the Walloon group, which is now active in the construction, property development and civil engineering sectors, is further strengthening its financial strength, with a solvency ratio of almost 30%. To achieve this, last year it delivered no fewer than 780 new houses and 895 flats and completed 90 renovation projects.

At the same time, the Belgian leader, still 100% family-owned, continued its strategy of geographical and functional diversification with the acquisition of the Liège company Galère, which specialises in civil engineering, public contracts and infrastructure. “Despite a difficult economic climate, marked first by the health crisis, then by the rise in the price of materials and the shortage of labour, we are maintaining our order book and our pace. And we are continuing to do everything we can to hire new workers. If we could take on a hundred workers tomorrow, we would do so without hesitation,” emphasises Edouard Hérinckx, the managing director.

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