BAM ended 2006 in a strong position
- Net profit for 2006: €137.0 million
- Restructuring of German non-residential construction on course
- Increased profits from other activities
- Turnover growth for 2006: +16%, autonomous: +8%
- Order book at record level: €13.1 billion
- Proposed dividend €0.45 in cash per ordinary share
- Expected net profit for 2007 at least €200 million feasible
Click here for the full press release
Royal BAM Group achieved a net profit of €137.0 million in 2006 (2005: €153.3 million), with €68.5 million in the fourth quarter. As reported by BAM at the end of November 2006, the net profit for 2006 suffered a serious negative impact as a result of the loss of the former German non-residential construction company Wayss & Freytag Schlüsselfertigbau. The profitability of other activities continued to increase during 2006. Property developer AM also contributed substantially to profits in 2006.
The turnover of the Group increased by 16% to approximately €8.6 billion (2005: €7.4 billion). This growth was partly the result of the financial consolidation of AM as at 1 February. Autonomous growth in turnover amounted to more than 8%. Activities in the United Kingdom and the United States increased particularly strongly.