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“We are confidently<br />

looking towards<br />

the future”<br />

Roderik van Seumeren<br />

“Positioned<br />

for the future”<br />

When I look at the results in 2008 and our order book, which is fuller than ever,<br />

I see plenty to be satisfied about. <strong>Mammoet</strong> is doing well, and we already<br />

know that next year will be equal. But looking outside the company, at all the<br />

disruption in the world, I dare not make any predictions about the future.<br />

Only once the storm which has hit the financial markets and the real economy<br />

has subsided will the impact on <strong>Mammoet</strong> be clearer. These mixed feelings<br />

are typical for the situation now, at the end of 2008, as we present <strong>Mammoet</strong><br />

World to you.<br />

2008 was our best year ever, and 2009<br />

promises to be even better. Of course, I<br />

would love to consider only our successes,<br />

but realistically speaking we have to look<br />

further ahead. And that is exactly what we<br />

are doing. In 2006 we defined our long-term<br />

strategy in a strategic plan with an ambitious<br />

scenario for growth and clear targets. Now,<br />

almost three years later, we are exactly<br />

where we were planning to be. Increases in<br />

revenue, personnel, investments - all are<br />

going to plan. In these three years we have<br />

doubled our revenues and further developed<br />

our worldwide network and leading role as<br />

specialists in heavy lifting and transport. And<br />

despite the storm which began a little over a<br />

year ago, we have brought in the orders, so<br />

our order book for 2009 is already getting<br />

quite full and we are also receiving orders for<br />

projects in 2010. Given all the turmoil around<br />

us, those are the best and most important<br />

feats of 2008. As I wrote last year, we have<br />

done well in recent years. And again we<br />

have been able to benefit from that. Hence<br />

we are in the comfortable position that we<br />

can expect next year to the best ever.<br />

However, right now shortly before 2009, it is<br />

difficult to look much further ahead. Nobody<br />

knows how much longer the worldwide<br />

crisis will last, what its impact will be, and<br />

what parts of the world or sectors of the<br />

economy will be hit hardest. Nothing is<br />

certain, except that <strong>Mammoet</strong> will eventually<br />

also be affected, at the and of the chain.<br />

Even so, we are confidently looking towards<br />

the future. After all, turbulent times like this<br />

bring not just threats but also opportunities.<br />

Furthermore, in recent years we have<br />

strengthened our base and spread the risks<br />

much wider. <strong>Mammoet</strong> operates throughout<br />

the world and therefore also in areas which<br />

are less affected by the crisis and where<br />

developments are promising. <strong>Mammoet</strong><br />

serves a number of markets, and that<br />

includes markets which are less affected by<br />

economic fluctuations. We also span a range<br />

of activities, from crane rental, heavy transport<br />

and lifting, to large projects. In recent<br />

years we have made major investments in<br />

our people and our equipment, in quality,<br />

training, refining our procedures and processes,<br />

and in our worldwide management<br />

information system. Finally, we have<br />

strengthened our foundations by acquiring<br />

renowned companies and our shareholder<br />

structure makes us less<br />

dependent on the banks. All these<br />

elements mean that we are in an<br />

good position to weather the storm.<br />

I would therefore like to conclude<br />

by saying how impressed I am by<br />

what we have managed to accomplish<br />

as a company, in 2008 and the<br />

years before. I am proud of what<br />

our people have done this year,<br />

often working under difficult conditions.<br />

I am glad to say that despite<br />

the rapid growth in recent years we<br />

have not made any concessions to<br />

our professional standards. The<br />

ingenious solutions which our<br />

engineers develop never cease to<br />

impress me. Last, but not least, I<br />

would like to thank our clients for<br />

their trust in <strong>Mammoet</strong>. And we will<br />

do everything to continue to<br />

deserve that trust, as illustrated by<br />

the impressive jobs described in<br />

this issue of <strong>Mammoet</strong> World, the<br />

eighth edition. Although we may<br />

experience some turbulence in<br />

future, our innovations and operational<br />

qualities will guide us safely<br />

through the rough waters.<br />

Roderik van Seumeren<br />

(President and CEO)

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