For the full-year 2021, Royal BAM Group nv reports an adjusted EBITDA of €278 million (a margin of 3.8%) and a revenue of €7.3 billion. All activities contributed to the operational improvement, with the exception of the large contracts division of Dutch Civil engineering. The net result was impacted by non-cash impairments of €82 million, due to changes in Dutch and UK tax laws and the effect of divestments. The liquidity position is strong and the capital ratio improved. The order book remains at a high level. BAM is making good progress with the execution of the new strategy, with continued focus on portfolio restructuring, de-risking and creating a sustainable platform for future growth. For 2022, BAM expects a further improvement of the adjusted EBITDA margin.
Click here for the full press release.
This press release contains inside information within the meaning of article 7(1) of the EU Market Abuse Regulation.