BAM reports improved results and strong cash flow; reiterates full year outlook

BAM reports improved results and strong cash flow; reiterates full year outlook
  • Construction: Netherlands profitable and turnaround ongoing; negative result and refocus in Germany
  • Civil engineering: strong margin improvement
  • Property: improved results for residential and non-residential activities
  • PPP: solid performance driven by portfolio; funding PGGM JV increased
  • Brexit: predominantly FX translation effects
  • Order book: lower level, improved quality due to tender discipline
  • Cash flow: strong improvement in working capital efficiency

Click here for the full press release.