BAM reports adjusted pre-tax result of €17 million, reiterates full year outlook

• Revenue up by 11%, driven by a 20% increase in Construction and Property
• Construction and Property: strong quarter supported by high number of Dutch homes sold
• Civil engineering: result held back by the Netherlands and Belgium
• PPP: solid performance, but lower contribution in absence of project transfers
• Trade working capital efficiency improved, driven by a strong first quarter

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