Tuesday, September 27, 2022
- Advertisement -
Home Uncategorized Royal BAM Group nv says it has delivered strong first half-year of...

Royal BAM Group nv says it has delivered strong first half-year of 2022

Royal BAM Group nv reported it has delivered a “strong” first half-year of 2022, based on a “solid operational performance, further de-risking on projects and substantial progress with divestments.”

The net result, it said, improved significantly to €86 million, with its cash position and order backlog remaining at a good level.

For 2022, BAM says it expects to deliver an adjusted EBITDA margin of at least 4 %, excluding the anticipated result on the Wayss & Freytag divestment. BAM expects to propose a dividend over the full-year 2022.

Advertisement

Other highlights include:

  • Revenue increased 2% in Netherlands, United Kingdom and Ireland; total revenue declined 8% versus H1 2021 due to divestments
  • The adjusted EBITDA was an increase of 16%, reflecting a margin of 5.5%, including positive effect of €16 million following settlement of Museum of the Future (Dubai) in Q2
  • Earnings per share of €0.31 in first half-year
  • Liquidity position of €830 million, excluding €188 million for Wayss & Freytag reported as held for sale
  • Capital ratio improved to 17.7% (14.5% year-end 2021 and 13.2% H1 2021), completion of Wayss & Freytag transaction will add 2.3%
  • Solid order book of €12.2 billion (including €900 million impact of divestments)
image_pdfDownload article

Most Popular

HARTING reveal new connectivity solutions for rail

HARTING’s Railway Web-Seminar series continues with a look at their new product innovations for rail, which will be launched at InnoTrans 2022. InnoTrans is the...

Line reopens after landslip prevention work in Honiton

Network Rail has thanked passengers for their patience during last week’s five-day closure of the railway between Axminster and Pinhoe, which allowed engineers to...

South Western Railway is newest patron of Shaping Portsmouth

South Western Railway has announced that it is the latest organisation to become a patron of Shaping Portsmouth. Shaping Portsmouth is a Community Interest Company...

New scenarios boost virtual reality safety tool

The latest virtual reality technology is now available to light rail operators looking to further enhance safety as part of their recruitment and training...
- Advertisement -