RSS Feed Press releases

31 May 2021
BAM Nuttall tests world first smart contract solution for the construction industry

Camberley, 26 May 2021 - The weather can put a damper on any plans but imagine the impact it has on a construction site where bad weather can delay works for weeks.

31 May 2021
England rugby international opens school's new pitch

Hemel Hempstead, 25 May 2021 - Harlequins and England rugby international Shaunagh Brown was at Oriel High School in Crawley last week to officially open the school’s new full-size, floodlit third-generation (3G) artificial grass pitch (AGP). The project was made possible thanks to close working with the school's facilities management provider, BAM FM, West Sussex County Council and Crawley Rugby Club.

25 May 2021
Space Hub Sutherland

(News release Highlands and Islands Enterprise (HIE):) Inverness, 24 May 2021 - A specialist survey to inform the final design and construction of the proposed satellite launch site in Sutherland is expected to get under way on the A’ Mhoine peninsula this week [w/b Mon 24 May 2021].

25 May 2021
£350m Temple Development gets underway in Leeds

First phase, Globe Point, breaks ground

Leeds, 23 May 2021 - Work has started on site this week on CEG’s flagship Globe Point development within the Temple district of Leeds.

20 May 2021
BAM Construct UK publishes its report and accounts for 2020

Hemel Hempstead, 20 May 2021 - BAM Construct UK has published its report and accounts for 2020.

17 May 2021
More power and updated design revealed as nuclear power team targets first place in the assessment queue in Autumn 2021

(Press release Rolls-Royce:) 17 May 2021 - The consortium, led by Rolls-Royce, which is creating a compact nuclear power station known as a small modular reactor (SMR), has revealed its latest design and an increase in power as it completes its first phase on time and under budget.

17 May 2021
BAM exceeds its five-year carbon reductions targets

Hemel Hempstead, 17 May 2021 - BAM Construct UK has made significantly more progress in carbon reductions than envisaged against its longstanding targets, even allowing for the effect of the current pandemic.

13 May 2021
Cement-free concrete pour marks step-change in tackling carbon emissions

Camberley, 13 May 2021 - BAM Nuttall successfully completed the UK’s largest single pour of an innovative new cement-free concrete on behalf of Network Rail at Chatham Station, Kent, this weekend.

12 May 2021
Offices, schools and public buildings in the East of England get new covid testing partner to help them re-open

Hemel Hempstead, 12 May 2021 - Public sector bodies with buildings in the east of England are getting a boost to help them re-open after a new lateral flow covid community testing partner was announced.

11 May 2021
Construction begins on new Exmouth Community College – one of the UK’s largest schools

Hemel Hempstead, 11 May 2021 - Main construction has now commenced at Exmouth Community College, one of the largest schools by pupil numbers in the UK, with BAM Construction appointed to create the new facilities.

6 May 2021
BAM reports €53.3 million adjusted EBITDA in Q1, focus on strategy execution

First quarter 2021 trading update

Royal BAM Group nv reports for the first quarter of 2021 an adjusted EBITDA of €53.3 million, a clear improvement versus last year. The focus is on the execution of BAM’s strategy, which will result in a more profitable and predictable company. In addition to improvement of the operational performance and risk profile, the portfolio was strengthened by two small divestments and an add-on acquisition. BAM’s cash position and order backlog remain solid.

  • Revenue slightly higher compared to first quarter 2020
  • Adjusted EBITDA increased with 28% to €53.3 million in Q1 2021, reflecting an adjusted EBITDA margin of 3.2%
  • First quarter results supported by solid contributions from United Kingdom and Netherlands
  • BAM International; adjusted EBITDA loss of €12.9 million, wind-down scheduled to be completed before year-end
  • Liquidity position of €1.3 billion after repayment €400 million RCF, capital ratio improved to 15.1% (year-end 2020: 13.4%)
  • Cost reduction programme completed as planned, continued focus on portfolio improvement and risk reduction
  • Solid order book, strong order intake in United Kingdom
  • BAM had a satisfactory start to the year which provides confidence for 2021, and will provide the outlook for 2021 in due course

Click here for the full press release.

5 May 2021
Jobs and orders bonanza underway at Co-op Live as local firms reap £150 million windfall

Manchester, 5 May 2021 - Following extensive enabling works since the beginning of the year, construction of the UK’s largest entertainment arena in Manchester has started this week, kickstarting a wave of economic activity and job creation across Greater Manchester. Co-op Live is being built by Salford-based BAM Construction, who have revealed that almost £150 million of the construction orders have already been placed with local firms.

4 May 2021
BAM sells Indonesian subsidiary BAM International to management

Bunnik, the Netherlands, 4 May 2021 – BAM International bv has reached agreement to sell its subsidiary PT BAM Decorient Indonesia to the current management. Financial details of the transaction are not disclosed.