BAM reports improved results and strong cash flow; reiterates full year outlook

18 August 2016 - Royal BAM Group nv
BAM reports improved results and strong cash flow; reiterates full year outlook
  • Construction: Netherlands profitable and turnaround ongoing; negative result and refocus in Germany
  • Civil engineering: strong margin improvement
  • Property: improved results for residential and non-residential activities
  • PPP: solid performance driven by portfolio; funding PGGM JV increased
  • Brexit: predominantly FX translation effects
  • Order book: lower level, improved quality due to tender discipline
  • Cash flow: strong improvement in working capital efficiency

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