2005 a strong year for Royal BAM Group
- Net result 2005: €153.3 million (+5%)
- Group margin before tax: 3.1% (+11%)
- Earnings per share (fully diluted): €6.40 (+6%)
- Order book at record height: €10.4 billion (+17%)
- Proposed dividend €2.00 in cash per ordinary share (+29%)
- Proposed share split 1:5
- PPP activities increasing
- Expected net profit 2006 of approximately €170 million feasible
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Results 2005
In 2005, Royal BAM Group realised a net result of €153.3 million (2004: €146.4 million before competition law fine). Virtually every operating company made a good contribution to the results. As reported previously, the activities of Wayss & Freytag Ingenieurbau and Wayss & Freytag Schlüsselfertigbau generated losses; both firms introduced additional measures in 2005 to restore their profitability.
Assuming that the preference dividend in 2004 had been charged against the results, as they were in 2005 (€15.3 million and €8.5 million, respectively), the net result on a comparable basis rose by 17%. Turnover in 2005 dropped slightly to €7.4 billion (2004: €7.5 billion). The main reason for this drop is the selective contracting policy adopted in Germany. Conversely, the activities in Ireland and the United States rose, as did those of the operating companies that have global activities.