Royal BAM N : BAM reports €199 million adjusted EBITDA in first nine months
November 02, 2023 at 02:19 am EDT
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2 November 2023 - 07:15
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).
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Royal BAM Group NV published this content on 02 November 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 November 2023 06:18:50 UTC.
Royal BAM Group N.V. is a building and public works group. Net sales break down by activity as follows:
- buildings and civil engineering infrastructure construction (88.3%): roads, highways, airports, tunnels, railways, residences, hospitals, schools, offices, businesses, etc. The group also develops subcontracted mechanical and electrical installations implementation activity;
- real estate development (8.7%);
- other (3%).
Net sales are distributed geographically as follows: the Netherlands (47.9%), the United Kingdom (42.7%), Ireland (7.4%), Belgium (1.9%) and other (0.1%).
ROYAL BAM GROUP N.V. 
