Continued weakness in Dutch markets; outlook unchanged

14 November 2013 07:30 - Royal BAM Group nv
  • Construction and M&E services: impacted by very tough Dutch market conditions
  • Civil engineering: margin just above 1%
  • Large projects: situation stable since Q2
  • Restructuring of Dutch operations underway; €25 million cost to be taken in Q4
  • Property: operational loss on UK and Dutch commercial property; residential stable
  • Within the limits of all banking covenants as at 30 September 2013

Click here for the full press release.