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BAM reports 44 million adjusted EBITDA in first quarter First quarter 2024 trading update Royal BAM Group nv reports an adjusted EBITDA of 44 million in the first quarter 2024, reflecting an adjusted EBITDA margin of 3.1%. BAMs 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 Live audio webcast On 2 May 2024, at 10.00 hrs CET, there will be a conference call in English for analysts. A live audio webcast of this conference call will be made available at Royal BAM Groups website. Further information - analysts: Michel Aupers, michel.aupers@bam.com, +31 (0)30 659 89 88; - press: Arno Pronk, arno.pronk@bam.com, or Bert Ooms, bert.ooms@bam.com, +31 (0)30 659 89 88. 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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