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BAM delivers adjusted EBITDA of 333 million over 2024 Dividend proposal of 0.25 per share and announcement of 50 million share buyback Royal BAM Group nv delivered an adjusted EBITDA of 333 million in 2024, reflecting a margin of 5.2%. The order book increased by 3.2 billion (+33%) to 13 billion, driven by both divisions. BAMs cash position and solvency remained solid. BAM proposes to increase the dividend over 2024 by 25% to 0.25 per share and plans to return 50 million to its shareholders via a share buyback. This reflects BAMs strong performance, supported by the cash proceeds of the Invesis divestment. For 2025, BAM expects to deliver an adjusted EBITDA margin around 5%. Revenue increased by 3% to 6.5 billion Adjusted EBITDA of 333 million (margin of 5.2%) Invesis contributed 50 million to adjusted EBITDA, including 20 million earn-out for successfully securing new projects and 31 million reclassification of hedge reserves following agreed divestment of Invesis Net result of 82 million includes the impact of a non-cash impairment of 107 million related to the divestment of Invesis. Earnings per share is 0.31 (2023: 0.65) Liquidity position remained at 0.8 billion while trade working capital normalised Solvency remained solid at 23.0% (2023: 23.4%) Order book increased by 33% to 13.0 billion (2023: 9.8 billion) Leadership in sustainability confirmed by CDP Climate A rating (6th year) and SBTi validation of enhanced emissions targets and net zero 2050 ambition Audio webcast Ruud Joosten, CEO, and Frans den Houter, CFO, will host an analysts meeting at 10.00 a.m. CET on 13 February 2025 to discuss the full-year results 2024, as well as the companys strategic progress. A live audio webcast of this meeting will be made available at the Royal BAM Group website: www.bam.com. Further information - analysts: Michel Aupers, michel.aupers@bam.com, +31 (0)30 659 89 88; - press: Rene Struijs, rene.struijs@bam.com or Bert Ooms, bert.ooms@bam.com, +31 (0)30 659 89 88. This press release contains information that qualifies or may qualify as 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, 500 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 activities in Belgium, and a PPP business (Invesis). Royal BAM Group nv is listed on the Amsterdam Euronext exchange. Building a sustainable tomorrow. www.bam.com Royal BAM Group nv Runnenburg 9, 3981 AZ Bunnik, the Netherlands / PO Box 20, 3980 CA Bunnik, the Netherlands Telephone + 31 (0)30 659 89 88 / E-mail info@bam.com Trade register 30058019, Utrecht, the Netherlands. Statutory seat in Bunnik, the Netherlands |
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