First nine months 2022 trading update
Royal BAM Group nv reports for the first nine months of 2022 an adjusted EBITDA of €281 million, including a non-operational book profit of €52 million on the Wayss & Freytag transaction which was completed in September. BAM’s operational performance in the third quarter was held back by inflation and supply chain constraints. The cash position remains solid and the capital ratio improved to over 21 per cent. BAM reiterates its outlook to deliver an adjusted EBITDA margin of at least 4 per cent for the full-year 2022, excluding the result on the Wayss & Freytag divestment. BAM expects to propose a dividend over 2022.
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