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BAM reports 44 million adjusted EBITDA in first quarter

Royal BAM Group nv reports an adjusted EBITDA of 44 million in the first quarter 2024, reflecting an adjusted EBITDA margin of 3.1%. BAM's cash position remains solid and the capital ratio further improved. The order intake was strong. For the full-year 2024, BAM expects to deliver an adjusted EBITDA margin within the strategic range between 4 and 6%.

Revenue of 1.4 billion, 3% below first quarter 2023
Adjusted EBITDA of 44 million (Q1 2023: 58 million, including result on a UK property divestment)
Liquidity position solid at 0.5 billion
Capital ratio further improved to 25.2% (year-end 2023: 23.4%)
Order book increased by 10% to 10.7 billion



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