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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal BAM Group N.V.    BAMNB   NL0000337319

ROYAL BAM GROUP N.V.

(BAMNB)
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BAM GROEP : joint venture wins major road contract near Belfast

11/06/2014 | 09:59am EST

Bunnik, the Netherlands, 6 November 2014 - BAM Contractors, the Irish operating company of Royal BAM Group nv, and its joint venture partner FP McCann have been awarded the A26 dual carriageway contract for the Department for Regional Development in Northern Ireland. This design and build contract has a value of approximately € 48 million, which will be split equally between the JV partners.

The eight kilometre scheme involves improvement of the A26 Trunk Road from single carriageway to dual two-lane carriageway (D2AP) from south of the Glarryford crossroads to the junction with the A44 Drones Road. This is a strategically important route which links Belfast to the north coast of Northern Ireland and its most popular tourist attractions. The existing road carries around 18,000 vehicles per day and with traffic levels continuing to grow, this very significant investment will help improve road safety and reduce congestion and journey times.

The BAM/McCann joint venture will commence works by the end of this year, with completion expected in mid-2017.

Further information:
  • analysts: Joost van Galen, +31 (0)30 659 87 07;
  • press: Arno C. Pronk, +31 (0)30 659 86 21.
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© Publicnow 2014
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Financials
Sales 2020 6 646 M 8 069 M 8 069 M
Net income 2020 -113 M -138 M -138 M
Net cash 2020 311 M 378 M 378 M
P/E ratio 2020 -4,74x
Yield 2020 -
Capitalization 479 M 581 M 582 M
EV / Sales 2020 0,03x
EV / Sales 2021 0,03x
Nbr of Employees 19 517
Free-Float 94,8%
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 1,76 €
Last Close Price 1,75 €
Spread / Highest target 23,7%
Spread / Average Target 0,06%
Spread / Lowest Target -31,6%
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Managers and Directors
NameTitle
Ruud Joosten Chief Executive Officer
Henk Th. E. M. Rottinghuis Chairman-Supervisory Board
Frans den Houter Chief Financial Officer
Henry M. M. van de Ven Chief Information Officer
Gosse Boon Vice Chairman-Supervisory Board
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