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BAM expects about €30 million additional costs for Sealock IJmuiden; outlook 2018 unchanged Bunnik, the Netherlands, 3 July 2018 - Royal BAM Group nv will record an additional cost overrun of about €30 million on the project Sealock IJmuiden. This is BAM’s 50 per cent share of the total additional costs based mainly on the updated planning. This amount will be included in the results for the first six months of 2018 which will be announced on Thursday 23 August 2018. The construction of the two caissons is progressing well, with the first due to be installed in autumn 2018. BAM expects the outlook for the full year 2018 of a pre-tax adjusted result margin of around 2 per cent, to remain unchanged. -------------------------------------------------------------------------------- About BAM Royal BAM Group nv is a construction company with ten operating companies, active in Construction and Property, Civil engineering, as well as in Public-private partnerships. BAM has leading positions in five European home markets: the Netherlands, Belgium, the United Kingdom, Ireland and Germany. Furthermore, the Group delivers projects in Denmark, Luxembourg and Switzerland, while BAM International operates in niche markets worldwide. Sustainability and innovation are major drivers of BAM’s design, construction and facility management solutions. The Group has an aspiration to become the market leader in the use of digital technology to ensure that clients receive the highest possible standards of quality. BAM has annual revenues of more than €6.5 billion, employs approximately 20, 000 people and is listed on Euronext Amsterdam. Building the present, creating the future. www.bam.com |
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