RSS Feed Press releases

27 February 2020
£40 million Staines Development gets underway – and is set to lead the way in flexible working

Hemel Hempstead, 27 February 2020 - AimCo, one of Canada’s largest institutional fund managers and XLB Property, a leader in the business space sector, has appointed BAM Construction to deliver the first phase of its exciting new masterplan for the Causeway estate, in Egham, Staines – One Causeway Park.

25 February 2020
BAM publishes 2019 Integrated Report

Bunnik, the Netherlands, 25 February 2020 – Royal BAM Group nv announces that its Integrated Report 2019 including the annual accounts is published today, 25 February 2020.

24 February 2020
Falkland Islands Government announces BAM Nuttall as partner to develop new wharf

Camberley, 21 February 2020 - The Falkland Islands Government (FIG) has selected a development partner to design and build a new port in Stanley Harbour.

21 February 2020
Adjusted pre-tax result of €74 million in 2019 following strong second half

BAM’s performance recovered in the second half of 2019 after the disappointing first half year, and the company realised its revised full year outlook. Trade working capital efficiency improved during the year. The cash position strengthened further. Steps are being taken to accelerate the execution of the strategic agenda in order to improve the future performance and predictability.

  • BAM delivers on full year outlook with an adjusted PBT margin of 1.0%
  • Strong performance in Dutch and Irish Construction and Property, the UK and BAM PPP
  • Net result of €11.8 million impacted by non-cash impairments and restructuring charge
  • Positive cash flow development; trade working capital efficiency exceeding -10% target
  • Order backlog maintained at high level with focus on risk/reward balance
  • Dividend proposal of €0.02, a cash pay-out of 46% of net income
  • Outlook 2020: improvement of the adjusted result before tax margin compared to 2019

Click here for the full press release.

Click here for the analysts’ presentation.

18 February 2020
BAM reaches Financial Close on Dendermonde Prison project in Belgium

18 February 2020 - The contract for the design, build, finance and maintenance of the Dendermonde Prison project in Belgium reached Financial Close successfully on 18 February 2020. The Belgian Buildings Agency (Regie der Gebouwen / Régie des Bâtiments) and Federal Governmental Department of Justice (FOD Justitie / SPF Justice) awarded BAM PPP the contract for the provision of a prison in Dendermonde, which will house 444 inmates. The contract value of the project is €194 million. Dendermonde is situated between Antwerp and Ghent.

17 February 2020
BAM starts work on new health care centre

Glasgow, 14 February 2020 - BAM Construction has started work on a new £19 million Health Care Centre in Clydebank.

17 February 2020
BAM will enter next strategic cycle under new leadership

CEO Van Wingerden to transfer the helm

Bunnik, the Netherlands, 17 February 2020 – The Supervisory Board of Royal BAM Group nv announces that by mutual agreement it has been decided that Rob van Wingerden will not be nominated for a next term as CEO and member of the Executive Board. The end of the current strategic cycle provides a natural moment for Van Wingerden to transfer the helm. The Supervisory Board has initiated the search for a successor, who will be leading the next stage of BAM’s development, including the preparation of a strategic update.

13 February 2020

Bunnik, the Netherlands, 13 February 2020 – The Netherlands Authority for Consumers and Markets (ACM) has granted permission to the merger of asphalt plants from Heijmans and BAM into a new asphalt company. The granting of permission by the competition authority has brought the intended establishment of a joint asphalt company an important step closer.

12 February 2020
New City Law School building on Sebastian Street continues to progress

Iconic new Law School building due to be completed this summer

(News announcement City, University of London:) London, 11 February 2020 - City’s iconic new Law School building has been under construction for just over two years and is due to be completed this summer.

10 February 2020
Hub West Scotland’s Inaugural Community Investment Award

(News release Hub West Scotland:) Glasgow, 10 February 2020 - Hub West Scotland has recognised the outstanding efforts of BAM Construction’s Stobhill Mental Health Unit site team with the presentation of their inaugural Community Investment Award.

10 February 2020
Abu Dhabi Ports doubling visitor capacity at Sir Bani Yas Cruise Beach with AED 100 million expansion

New jetty to accommodate double calls and more passengers at the Arabian Gulf’s dedicated cruise beach destination

(Press Release Abu Dhabi Ports:) Abu Dhabi, UAE, 8 February 2020 - Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports, announced today plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach - the signature tourist destination located off the coast of Abu Dhabi. The AED 100 million (€24.5 million) new jetty project will be completed in Q4 2020, in time for the launch of the 2021 cruise season.