Julius Berger Turns Around To Profitability, Hails Buhari’s Change Agenda

The Managing Director of Julius Berger Nigeria Plc, Engr. Wolfgang Goetsch, has stated that the “Change Agenda” of the President Muhammadu Buhari administration has also meaningfully inspired a robustly positive impacted on the structures, operations and focus of the company.

Speaking at the pre-AGM Dinner and later at the 48th Annual General Meeting of the company which held on Thursday in Abuja, Goetsch stated that though “change is demanding, because it can be uncomfortable, and at first reaction, it may be in our nature to resist it… but thanks to the loyalty and solidarity of friends and partners, the acceptance (of change), hard work and dedication of staff, the commitment and determination of the management; and the strong stewardship of our Board of Directors, particularly our Chairman, Mr. Muitu Sunmonu, the vision of our change agenda was achieved, with marked success.”

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According to Goetsch, though globally, 2007 was one of the most eventful years in modern history, with changing norms, butfor Nigeria, thankfully, the past year has brought transformation of a different kind which he described as a positively charged development during whichthe country officially exited recession and the Federal Government successfully made concerted efforts to implement reforms to improve the ease of doing business.

Nigeria, he stated, “was named amongst the top 10 reforming countries worldwide by the World Bank”.

Goetsch said that is a laudable achievement from which Nigeria can be launched into the much-desiredand lasting progress that the country deserves.

Julius Berger, according to the MD had a tough, but extremely productive year, with several positive developments.

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The company, he said, achieved a positive turnaround in regards to cash flow and profitability, adding, “I can definitively say that our company is on track for continued future success”.

This, the MD said, did not happen by chance. Only proactively purposeful action and meticulous implementation of the company’s “change agenda”, which was strategically carried out with the aim of adjusting the company to overcome prevailing challenges while ensuring that Julius Berger retains its values, standards and resources that define its competitive edge and remains a dynamic and innovative leader in Nigeria’s construction sector, made success possible.

Goetsch further said, “We have undergone a series of structural optimizations, including a consolidation of our administrative structures and a reorganization of our operations, to optimize efficiency and ensure we are continuing to meet the needs of a changing market landscape”.

Julius Berger has intensified its business development efforts to further drive diversification and expansion into key sectors born out of the company’s core competence, and the company has optimized its tendering process, also providing for new concepts to manage forex risk.

The Julius Berger boss emphasized that the type of change the company embarked upon is the type that “opens doors and unlocks potentials, especially for the next generation, whose creativity and dynamics breed new possibilities…it is evolution in its purest form”.

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Goetsch maintained that while Julius Berger has dynamically adapted and evolved, the company maintained its core, still innovating, still breaking records with its HSE performance, still delivering top-notch quality sought after by its clients, and still worthily regarded as a highly reliable partner.

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