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BAM reports 199 million adjusted EBITDA in first nine months First nine months 2023 trading update Over the first nine months of 2023, Royal BAM Group nv delivered an adjusted EBITDA of 199 million, reflecting a margin of 4.4 per cent. The Group performed well in the third quarter in challenging market conditions. The cash position and order backlog are at a good level. BAM expects to deliver an adjusted EBITDA margin of approximately 4.5 per cent for the full-year 2023. Stable revenue in both Netherlands and United Kingdom & Ireland divisions; Adjusted EBITDA of 199 million in first nine months (adjusted EBITDA margin of 4.4%); Adjusted EBITDA of 80 million in third quarter versus 99 million in the comparable period last year, which included 52 million book profit on the Wayss & Freytag transaction; Cash position of 0.5 billion, capital ratio improved to 23.6% (mid-year 2023: 22.3%); Order book remained at good level of 9.4 billion (mid-year 2023: 9.5 billion). Audio webcast Ruud Joosten, CEO, and Frans den Houter, CFO, will host a conference call with analysts at 10.00 a.m. CET on 2 November 2023 to discuss the trading update. A live audio webcast of this conference call will be made available at Royal BAM Groups website. This press release contains inside information within the meaning of article 7(1) of the EU Market Abuse Regulation. About BAM Royal BAM Group nv designs, builds and maintains high quality, sustainable buildings, homes, and infrastructure for public and private sector clients. Using the latest industry innovations, our 13, 250 employees reduce the carbon footprint of the built environment, whilst delivering increased well-being and social value to the communities we serve. The Group supports clients through two main divisions (Netherlands, and United Kingdom and Ireland) and a PPP business. Royal BAM Group nv is listed on the Amsterdam Euronext exchange. Building a sustainable tomorrow. www.bam.com |
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