Royal BAM : BAM reports full year adjusted result before tax of €63.3 million
February 21, 2018 at 01:26 am EST
Share
Full year adjusted result margin at 1%; excluding previously announced loss at sea lock IJmuiden at 2%
Construction and Property: improved margins due to prior restructuring in the Netherlands and Germany
Civil engineering: loss mainly due to the Netherlands; partly offset by UK, Ireland and Germany
PPP: strong performance from existing portfolio; 50% tender hit rate
Increased order book; 84% of revenue in hand for 2018
Impairment of deferred tax assets triggered by past underperformance in the Dutch fiscal entity
Dividend per share proposal of €0.10 (2016: €0.09) with scrip alternative and buy-back to offset dilution
For the full press release click here.
Royal BAM Group NV published this content on 21 February 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 February 2018 06:25:03 UTC.
Original documenthttps://www.bam.com/en/press/press-releases/2018/2/bam-reports-full-year-adjusted-result-before-tax-of-eu633-million?position=0&list=Ew14EiVsq3qnKju9nOSlMmHTOTxOZXyCfEZ0BwI_kvY
Public permalinkhttp://www.publicnow.com/view/831359F7F1240A1ADB3AEA50B11532F3353ECD93
Royal BAM Group N.V. is a building and public works group. Net sales break down by activity as follows:
- buildings and civil engineering infrastructure construction (88.3%): roads, highways, airports, tunnels, railways, residences, hospitals, schools, offices, businesses, etc. The group also develops subcontracted mechanical and electrical installations implementation activity;
- real estate development (8.7%);
- other (3%).
Net sales are distributed geographically as follows: the Netherlands (47.9%), the United Kingdom (42.7%), Ireland (7.4%), Belgium (1.9%) and other (0.1%).
ROYAL BAM GROUP N.V. 
