Coffey International News

Coffey delivers world class centre for Indigenous community

2010-03-09T00:00:00.0000000+11:00

(9 March 2010) Coffey International Limited subsidiary, Coffey Projects, has recently delivered the National Centre of Indigenous Excellence (“NCIE”) in Sydney, Australia, which was officially opened on Friday (26 February) by The Hon. Kevin Rudd, MP, Prime Minister of Australia.

Coffey creates global leadership to support fragile countries

2010-03-03T00:00:00.0000000+11:00

(3 March 2010) Global professional services consultancy Coffey International Limited ((ASX:COF) (“Coffey”)) today announced it has acquired 100 per cent of Global Justice Systems (GJS), based in Australia and the United Kingdom (UK), and Libra Advisory Group Limited, a UK-based consultancy.

Coffey International Limited Half Year Results Period ending 31 December 2009

2010-02-17T00:00:00.0000000+11:00

1. Overview

Solid performance, particularly in light of a record prior half and against unfavourable foreign exchange movements
Without adverse foreign exchange movement, Operating EBITDA would have been in line with corresponding period
Operating EBITDA up $11.4 million (58%) on H2 FY09
Achieved in excess of $20m annualised cost savings compared to December 2008
Successful implementation of new organisational structure with minimum disruption
Strong signs of a rebound in the Asia Pacific region
Some impact from GFC particularly in Middle East and Brazil
Total revenue down 3% to $404.3m
Fee revenue down 7% to $241.0m
Operating EBITDA* down 14% to $31.1m, impacted by foreign exchange
Negative foreign exchange impact on EBITDA of $5.6m in H1 FY10 compared to H1FY09
Operating EBITDA* (excluding foreign exchange impact) up 1.2% to $32.7m
Working capital management continued to improve, down 12% to 66 days from June 09
Net Debt reduced by $5.5m, down to $87.3m from June 09
Net Debt / Capital ratio down 2% to 31% from June 09
Fully franked interim dividend of 7.5 cents per share

Coffey among best professional services companies in Australia

2010-02-05T00:00:00.0000000+11:00

(5 February 2010) Global professional services consultancy Coffey International Limited (“Coffey”) has been named one of the best professional services companies in Australia by Business Review Weekly (“BRW”). Coffey is a finalist for the best engineering consulting company (revenue over $200 million) for the upcoming 2010 BRW Client Choice Awards, announced by BRW earlier this week.

Coffey International Development subsidiary, MSI, Honoured Amongst the Top Five Government Contractors

2010-01-14T00:00:00.0000000+11:00

(14 January 2010) Coffey International Development subsidiary, MSI, was honoured at a gala celebration as one of the top five U.S. firms for the prestigious Contractor of the Year Award.

Coffey Environments completes Australia’s first groundwater treatment using Primawave technology

2010-01-07T00:00:00.0000000+11:00

(7 January 2010) Coffey International Limited subsidiary, Coffey Environments, has successfully completed the first groundwater remediation treatment in Australia using Primawave, an innovative chemical amendment injection technology for the treatment of contaminated groundwater.

Coffey sells Western Australian-based MPL Laboratories to Envirolab Services

2009-12-22T00:00:00.0000000+11:00

(22 December 2009) Global professional services consultancy Coffey International Limited ((ASX:COF) ("Coffey")) today announced it has signed an agreement to sell 100 per cent of the fixed assets and going business concern of MPL Laboratories Pty Ltd ("MPL"), an analytical laboratory business based in Myaree, Western Australia to Envirolab Services Pty Ltd ("Envirolab").

Coffey wins top prize at 2009 ACEA Awards for Excellence

2009-12-09T00:00:00.0000000+11:00

(9 December 2009) Global professional services consultancy Coffey International Limited (“Coffey”) has won the Project of the Year Award at the 2009 Association of Consulting Engineers Australia (ACEA) Awards for Excellence, for the Inner Northern Busway - Queen Street to Upper Roma Street Project in Brisbane, Australia, announced at an annual dinner in Brisbane last Friday evening. This project also received a Gold Award in the Transport & Civil Infrastructure category.

Coffey International Development takes action for the Elimination of Violence against Women

2009-11-26T00:00:00.0000000+11:00

(26 November 2009) Violence takes many forms, from the physical to the emotional and includes sexual harassment and discrimination. Did you know that even a sexist joke can lead to attitudes that not only encourage violence, but also create a culture of silence where violence is allowed to occur? Did you also know that studies indicate that 90% of men are at times uncomfortable with how men around them talk about and treat women?

Coffey member of successful Kempsey Bypass Alliance

2009-11-26T00:00:00.0000000+11:00

(25 November 2009) Coffey International Limited (“Coffey”) is part of an alliance team being formed to deliver the road works portion of the Kempsey Bypass Project.

Coffey wins Innovation Award at the Queensland Engineering Excellence Awards 2009

2009-10-19T00:00:00.0000000+11:00

(19 October 2009) Global professional services consultancy Coffey International Limited (“Coffey”) and the Port of Brisbane Corporation (“PBC”) have won the Innovation Award at the Queensland Engineering Excellence Awards 2009 for the Port of Brisbane Reclaimed Land Development Trial Project.

Coffey wins Sustainable Projects Award at the 2009 Project Management Achievement Awards

2009-10-18T00:00:00.0000000+11:00

(26 October 2009) Global professional services consultancy Coffey International Limited subsidiary, Coffey Projects, has been named Category Winner for Sustainable Projects at the recent 2009 National Project Management Achievement Awards for delivery of the Sunshine Electricity – Broadwater & Condong Biomass Co-generation Project.

Real time monitoring: harnessing critical data for effective ground control

2009-10-12T00:00:00.0000000+11:00

(12 October 2009) Mining companies need to pay increasing attention to geotechnical and microseismic monitoring if they are to reap the full benefits of support performance systems that manage ground control to improve the operational safety of a mine, says Simon Bailey, instrumentation and monitoring services manager at Coffey International Limited’s subsidiary, Coffey Mining. By collecting and analysing data on actual rock mass behaviour, this provides valuable evidence in undertaking appropriate risk assessments for operations.

Coffey awarded US$40 million funding increase for Tatweer international development project in Iraq

2009-10-06T00:00:00.0000000+11:00

(6 October 2009) Global professional services consultancy Coffey International Limited (“Coffey”) today announced that the U.S. Agency for International Development (USAID) has awarded Coffey a US$40 million funding increase within the contract for the Tatweer Project in Iraq.

Coffey appoints John Mulcahy as Non-executive Director

2009-09-24T00:00:00.0000000+10:00

(24 September 2009) Global professional services consultancy Coffey International Limited (ASX:COF) today announced the appointment of Dr John Mulcahy as an independent Non-executive Director of Coffey International Limited, effective immediately.

Coffey and Virtalis team up to bring Virtual Reality to EXPOSIBRAM 2009

2009-09-22T00:00:00.0000000+10:00

(21 September 2009) The Brazilian operation of leading global professional services consultancy Coffey International Limited has entered into a preliminary strategic partnership with the UK’s Virtalis, one of the world’s leading Virtual Reality (VR) companies.

Coffey awarded A$100 million project to manage the rehabilitation of roads in Southern Philippines

2009-09-11T00:00:00.0000000+10:00

(11 September 2009) Global professional services consultancy Coffey International Limited (ASX:COF) today announced that subsidiary Coffey International Development has been awarded a A$100 million, five-year project managed and financed by AusAID for the Philippines Provincial Road Management Facility (PRMF).

Coffey International Limited Full Year Results Year ending 30 June 2009

2009-08-19T00:00:00.0000000+10:00

1. Highlights

Total revenue up 45% to $808.7m
Fee revenue up 36% to $510.4m
Operating EBITDA up 12% to $56.0m
NPAT up 7% to $16.4m
EPS up 4% to 14.5 cents per share
Improvement in working capital management from 76 days to 49 days
Fully franked final dividend of 4.5 cents per share
Total annual fully franked dividend of 13.0 cents per share
Funding capacity of $107m available to support growth plans.

Contract mining: getting the contract right can save millions

2009-08-12T00:00:00.0000000+10:00

(12 August 2009) Linton Kirk, chief mining engineer at Coffey Mining, believes that the current economic downturn offers a good opportunity for mining companies and contractors to re-examine existing contracts, including modifying unwieldy and difficult to administrate contracts in favour of a streamlined and fairer agreement to both parties.

Mine optimisation worth its weight in gold

2009-07-22T00:00:00.0000000+10:00

(22 July 2009) When mining optimisation expert Tim Horsley can’t identify significant and practical operational improvements to save his client a good amount of money, he stops work.

IBM wins Coffey International Award for innovative solution tackling world’s most critical social and environmental problems

2009-07-09T00:00:00.0000000+10:00

(9 July 2009) Coffey International Limited (ASX: COF) is pleased to announce that IBM has won the prestigious Coffey International Award for its application of technical expertise in innovative ways to address the greatest societal and environmental challenges of our time, announced at the annual Business in the Community (BITC) Awards for Excellence in London on Monday evening (local time).

Coffey Mining supports new Masters of Mining Engineering program to promote future high grade talent for the sector

2009-07-06T00:00:00.0000000+10:00

(6 July 2009) Coffey International Limited subsidiary, Coffey Mining, is collaborating with Melbourne University to address a decade long shortage of skilled workers in the Mining Engineering sector.

Coffey International Limited awarded USD$66.3 million USAID Rule of Law Project in Mexico

2009-07-03T00:00:00.0000000+10:00

(3 July 2009) A Coffey International Limited company, MSI, based in the United States, has been awarded a five-year, USD$66.3 million rule of law project funded by USAID/Mexico. Rule of Law III: Support for Legal Reforms is the third USAID-funded initiative of its kind, in support of the Merida Initiative, which aims to prevent and eradicate organized crime.

Coffey business and trading performance – Market update

2009-06-11T00:00:00.0000000+10:00

(9 June 2009) The Directors of Coffey International Limited (Coffey) wish to provide the market with an update on business and trading performance and the expected trading result for the full year to 30 June 2009.

Coffey acquires specialist European international development business The Evaluation Partnership

2009-04-14T00:00:00.0000000+10:00

(14 April 2009) Global engineering and project management consultancy Coffey International Limited (“Coffey”) today announced it has acquired European international development business The Evaluation Partnership (TEP) for £1.1 million funded from its existing acquisition debt facility. The deal will be subject to an earn out over the next 2 years of operation.

Coffey Projects reaping Rudd’s rewards

2009-04-07T00:00:00.0000000+10:00

(2 April 2009) Coffey International Limited today announced that its subsidiary Coffey Projects has become one of the recipients of the recently announced ‘Building the Education Revolution’ (BER) program, part of the Rudd Government’s $42 billion Nation Building and Jobs Plan to support jobs that will stimulate local economies and invest in important infrastructure for the long term.

Coffey delivers record first half earnings, with strengthened business fundamentals

2009-02-27T00:00:00.0000000+11:00

(27 February 2009) Global engineering and project management consultancy Coffey International Limited today announced operating earnings before vendor earn-out and vendor share-based payment expense, interest, tax, depreciation and amortisation (Operating EBITDA) of $36.3 million for the six months ended 31 December 2008. This represents an Operating EBITA result of $32.6 million, which is above the preliminary range of $29-$31 million announced on 30 January.

Coffey strengthens construction materials testing capability with acquisition of New South Wales based Testrite

2009-02-18T00:00:00.0000000+11:00

(18 February 2009) Coffey International Limited (“Coffey”) today announced that it has signed an agreement to pay approximately $400,000 to acquire 100 per cent of the fixed assets and going business concern of Testrite, a laboratory testing business based in Sydney, Australia.

Coffey announces preliminary 2009 half year results

2009-01-30T00:00:00.0000000+11:00

(30 January 2009) Coffey International Limited today announced that it expects an operating result for the six months ended 31 December 2008 in the range between $29 million and $31 million EBITA (pre vendor earn out and share based payments expense).

Coffey appoints director of operations

2009-01-28T00:00:00.0000000+11:00

(28 January 2009) Coffey International Limited today announced the appointment of Ms Debbie Goodin to the role of director of operations. Debbie is currently acting chief financial officer and will commence in the new role when Mr Urs Meyerhans starts as director of finance and chief financial officer on 2 February.

Coffey expands infrastructure capacity in New Zealand with addition of Civil Lab

2008-12-23T00:00:00.0000000+11:00

(19 December 2008) Coffey International Limited (ASX:COF) announced today that it has completed an agreement to acquire 100 per cent of the fixed assets and ongoing business concern of Civil Lab, a laboratory testing business based in Auckland, New Zealand, for NZ$950,000. The purchase involves an earn-out over a two year period. The business acquisition has been funded from cash without needing to draw on Coffey International Limited’s acquisition debt facility. It will be earnings per share accretive from commencement.

Coffey finds gold at the ACEA awards

2008-12-03T00:00:00.0000000+11:00

(Sydney, Australia – 1 December 2008) Coffey International Limited came up trumps at the 2008 ACEA Awards for Excellence, receiving three Gold Awards and one Certificate of Recognition. The awards were announced at an annual dinner in Perth on Friday evening.

On-market share buy-back

2008-11-13T00:00:00.0000000+11:00

(11 November 2008) Coffey International Limited (Coffey) today announced an on-market share buy-back program of up to 10% of its issued share capital in accordance with the Listing Rules. The share buy-back will be EPS accretive and funded from existing cashflows. The Board will monitor the position daily to ensure that the ongoing buy-back implementation meets the Company’s capital management criteria.

Coffey names chief financial officer

2008-11-13T00:00:00.0000000+11:00

(13 November 2008) Coffey International Limited today announced the appointment of Mr Urs Meyerhans to the new role of director of finance and chief financial officer. Urs will commence the role in early 2009.

Coffey awarded over US$140 million in international development contracts

2008-11-11T00:00:00.0000000+11:00

(11 November 2008) Coffey International Limited today announced subsidiary Coffey International Development has, in the last month, been awarded more than US$140 million of aid contracts in Iraq, Sudan and Peru by the Millennium Challenge Corporation and United States Government. The announcement of this substantial pipeline of committed work is on top of Coffey’s strong first quarter financial performance, in which revenue reached almost $191 million on improved margins.

Coffey names new executive team

2008-10-16T00:00:00.0000000+11:00

(Sydney, Australia – 16 October 2008) Coffey International Limited today announced its new executive team that will lead the company through its next phase of growth to become truly global by 2020.

Coffey Projects expands in South Africa with acquisition of BFH

2008-09-24T00:00:00.0000000+10:00

(Sydney, Australia – 24 September 2008) – Coffey International Limited (ASX:COF) announced today it has acquired Bovell, Freeman and Holley (BFH), a South African project management business with particular experience in the hotel and leisure industry. BFH will be acquired through Coffey Projects Africa Pty Ltd (CPA), a subsidiary of Coffey International Limited.

Australia’s first asbestos survey accreditation—a win for workplace health and safety

2008-09-18T00:00:00.0000000+10:00

(19 September 2008) National accreditation body NATA has awarded Coffey Environments Australia’s first accreditation for asbestos and hazardous material surveying.

Coffey delivers strong earnings results

2008-08-28T00:00:00.0000000+10:00

(28 August 2008) Coffey International Limited today announced operating earnings before interest, tax and amortisation (operating EBITA) and share-based payment expense of $43.2 million, meeting previous market guidance.

Resignation of non executive director – Paul A Mitchell

2008-08-04T00:00:00.0000000+10:00

(Sydney, Australia – 1 August 2008) In accordance with Listing Rule 3.16 the Company announces that Paul A. Mitchell resigned as a director of the Company effective 30 July 2008.

Coffey launches Coffey Institute

2008-08-04T00:00:00.0000000+10:00

(Sydney, Australia – 4 August 2008) Today we are celebrating the unveiling of a new Coffey business. I am proud to announce the launch of Coffey Institute, our specialists empowering knowledge.

Coffey signs major government training contracts in the Middle East

2008-07-02T00:00:00.0000000+10:00

(Sydney, Australia – 2 July 2008) Coffey International Limited (ASX:COF) today announced it has signed contracts to provide English and technical training in the Middle East.

Coffey launches Coffey Information

2008-07-01T00:00:00.0000000+10:00

(Melbourne, Australia – 1 July 2008) Today we are celebrating the unveiling of a new Coffey entity, although the business has existed in Coffey for nearly 50 years. I am proud to announce our most recent addition to the Coffey group – Coffey Information.

Coffey appoints Paul Mitchell OAM as non-executive director

2008-07-01T00:00:00.0000000+10:00

(Sydney, Australia – 1 July 2008) Coffey International Limited (ASX:COF) today announced the appointment of Paul Mitchell, OAM, to the position of non-executive director of Coffey International Limited, effective immediately.

Our News

2008-06-18T00:00:00.0000000+10:00

Coffey discloses correction to published accounts for the previous financial year ended 30 June 2007

2008-06-06T00:00:00.0000000+10:00

& Coffey reconfirms its forecast of $42m to $46m EBITA (pre share based payments) for the financial year ended 30 June 2008, consistent with previous market guidance

(Sydney, Australia – 5 June 2008) An internal review by Coffey International Limited ((ASX:COF) (the "Company")) has revealed deficiencies with the Company's published accounts for the financial year ended 30 June 2007. The net result of these deficiencies is an overstatement of reported profit for FY07.

Coffey appoints acting CFO following resignation of Simon Curtis

2008-06-06T00:00:00.0000000+10:00

(Sydney, Australia – 6 June 2008) Coffey International Limited (ASX:COF) advises that its chief financial officer Simon Curtis resigned earlier today, effective immediately. Debbie Goodin will replace Simon as the acting chief financial officer until the Board considers a replacement.

Coffey Natural Systems appoints new CEO

2008-04-09T00:00:00.0000000+10:00

(Sydney, Australia – 25 March 2008) Coffey International Limited (ASX:COF) subsidiary, Coffey Natural Systems, is pleased to announce the appointment of Dave Browne to the role of CEO, commencing March 31 when Stuart Jones steps down from the position.

Coffey Projects appoints new CEO

2008-04-09T00:00:00.0000000+10:00

(Sydney, Australia – 1 April 2008) Coffey International Limited (ASX:COF) subsidiary, Coffey Projects is pleased to announce the appointment of Tom Tucker to the role of CEO, commencing 1 April.

Coffey International named best consulting engineering firm

2008-03-14T00:00:00.0000000+11:00

(Sydney, Australia – 14 March 2008) Coffey International Limited has been awarded the BRW Client Choice Award 2008 for the best consulting engineering firm (revenue over $200 million) at a gala dinner event in Sydney on Wednesday evening.

Our News

2008-03-06T00:00:00.0000000+11:00

Our News

2008-03-06T00:00:00.0000000+11:00

Our News

2008-03-06T00:00:00.0000000+11:00

Coffey acquires Canadian geotechnical firm

2008-03-03T00:00:00.0000000+11:00

(Sydney, Australia – 3 March 2008) Coffey International Limited (ASX:COF) today announced it has acquired Canadian geotechnical firm Shaheen and Peaker Limited and its subsidiary companies S&P Geo Engineering and Geo Canada for approximately C$11.0 million in a mixture of C$8.8 million in cash and C$2.2 million in shares.

Media Releases

2008-01-25T16:50:37.0000000+11:00

Coffey acquires transport infrastructure project management capability

2008-01-09T00:00:00.0000000+11:00

(Sydney, Australia – 8 January 2008) – Coffey International Limited (ASX:COF) announced today it has extended its project management capability in transport infrastructure with the acquisition of Teal Management Services.

Coffey acquires major US development firm to build global critical mass and consolidate their Australian leadership in international development consulting

2008-01-08T00:00:00.0000000+11:00

(Sydney, Australia – 7 January 2008) – Coffey International Limited (ASX:COF) today announced the acquisition of Washington D.C.-based development consultancy Management Systems International Inc (MSI) in a plan to build global critical mass in the international development consulting market.

Coffey and Axiom announce second Australian Worldpark, located in Victoria

2007-11-13T00:00:00.0000000+11:00

(Melbourne, Australia – 13 November 2007) – Coffey International Limited (ASX:COF) today announced it has entered into an agreement with Axiom Properties Limited to develop the second Australian ‘Worldpark’ green business precinct, to be located in Melbourne.

Coffey achieves 44% profit growth and completes eight acquisitions in the year

2007-11-06T00:00:00.0000000+11:00

(Sydney, Australia – 30 August 2007) The directors of Coffey International Limited (ASX: COF) today announced operating earnings before interest, tax and amortisation of $32.3 million for the year ended 30 June 2007, up 44% on the previous year. This result was achieved on a 46% increase in revenue to $368.3 million.

Coffey expands new strategic advisory business with second acquisition in two months

2007-11-06T00:00:00.0000000+11:00

(Melbourne, Australia – 3 September 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of Stratcorp Consulting Pty Ltd, a boutique consultancy providing high-level strategic advice in the area of large sporting and leisure projects.

Coffey acquires second geotechnical consulting firm in the United Kingdom

2007-11-06T00:00:00.0000000+11:00

(Melbourne, Australia – 6 November 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of Webber Associates UK Limited, a specialist geotechnical consulting firm based in the United Kingdom. This is Coffey’s second geotechnical acquisition in the United Kingdom.

Coffey acquires South African mining consultancy, gaining world-leading mine backfill intellectual capital

2007-11-06T00:00:00.0000000+11:00

(Melbourne, Australia – 6 November 2007) – Coffey International Limited (ASX:COF) today announced its subsidiary company Coffey Mining, South Africa (Pty) Limited has acquired South African (backfill) consultancy NS Consultancy for $0.4 million in cash.

Coffey acquires The Peron Infrastructure Group, expands business into strategic infrastructure advisory services

2007-09-24T00:00:00.0000000+10:00

(Melbourne, Australia – 8 August 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of infrastructure advisory consultancy The Peron Infrastructure Group. Coffey will acquire 100 per cent of share capital in the company. The annual turnover of Peron is in the order of $8 million.

Coffey to acquire Brazilian mining and exploration consultant

2007-09-24T00:00:00.0000000+10:00

(Melbourne, Australia – 24 September 2007) – Coffey International Limited (ASX:COF) today announced the signing of an agreement to acquire Brazilian mining sector consulting company Geoexplore Consultoria e Serviços Ltda.

Coffey enters rail infrastructure market, acquiring Asia Pacific Rail and John Wertheimer Consultants

2007-09-03T00:00:00.0000000+10:00

(Melbourne, Australia – 2 July 2007) – Coffey International Limited (ASX:COF) today announced the acquisition of two companies: railway engineering consultancy Asia Pacific Rail Pty Ltd and project and contract management consultancy John Wertheimer Consultants Pty Ltd, both founded and owned by John Wertheimer.

Coffey’s environmental business to grow with acquisition of CTL Environmental Services

2007-08-30T00:00:00.0000000+10:00

(Melbourne Australia – 28 May 2007) Coffey International Limited (ASX:COF) today announced the acquisition of Xeon, Inc., trading as CTL Environmental Services, a Los Angeles-based environmental consulting business.

Coffey and Axiom choose Adelaide to pilot groundbreaking business precinct development

2007-08-08T00:00:00.0000000+10:00

(5 March 2007) An innovative property development project that will improve living and working environments will be launched in Adelaide, South Australia.

Coffey continues to expand business into New Zealand market with acquisition of Foundation Engineering Consultants

2007-07-02T00:00:00.0000000+10:00

(Melbourne Australia 5 March 2007) Coffey International Limited (ASX:COF) today announced the acquisition of Foundation Engineering Consultants, a New Zealand based geotechnical consultancy that provides specialist geotechnical and laboratory services for land development and building construction projects. Coffey will pay A$4.1 million in cash and A$2.2 million in shares for the business.

News

2007-06-29T00:00:00.0000000+10:00

Coffey achieves 58% profit growth and continues its international expansion

2007-05-28T00:00:00.0000000+10:00

(Sydney, Australia – 26 February 2007) The directors of Coffey International Limited (ASX: COF) today announced record half year earnings before interest, tax and amortisation of $13.9 million for the half-year ended 31 December 2006, up 58% on the previous year. This profit result is on a 44% increase in revenue to $159.5 million.