RSS Feed Press releases

15 June 2021
BAM repaid its convertible bond

Bunnik, the Netherlands, 15 June 2021 – Royal BAM Group nv announces that the company has repaid its unsecured subordinated convertible bond (ISIN XS1431302741) on the initial agreed repayment date.

14 June 2021
BAM Nuttall credits strong foundation of collaboration for delivering solid performance in 2020

Camberley, 14 June 2021 - In 2020, BAM Nuttall’s turnover exceeded 2019 levels, £844m (2019: £770m), despite challenging market conditions delivering a profit before tax of £11.6m (2019: £15.3m), resulting in a margin of 1.4% (2019: 2.0%).

11 June 2021
Artist's impression

(Press release Arc-Tec:) Glasgow / Perth, 10 June 2021 - Arc-Tech (Scotland), one of Scotland’s leading Building Services providers, continues to advance the installation of Mechanical and Electrical works at Perth City Halls.

9 June 2021
Atlantic Square building handed over to HMRC

Glasgow, 9 June 2021 - A joint venture between BAM Properties and TCP Developments has handed over the keys to Building 1, Atlantic Square in Glasgow’s International Financial Services District to HM Revenue and Customs (HMRC), which is leading the delivery of Phase 1 of UK Government Hubs.

9 June 2021
Denmark Hill station

Camberley, 4 June 2021 - Denmark Station Enhancement Project in London has been shortlisted for the Sustainable Business Award at Rail Awards 2021.

4 June 2021
BAM logo

Second set of defence gates for Port of Boston delivered today

(Press release Environment Agency:) London, 4 June 2021 - The Environment Agency’s Boston Barrier scheme has reached another milestone with the arrival on site of the second set of defence gates today (Friday 4 June 2021).

3 June 2021
BAM’s FM business receives accreditation from the Living Wage Foundation

Hemel Hempstead, 3 June 2021 - BAM Facilities Management, part of BAM Construct UK, has become accredited as a ‘Living Wage Foundation Recognised Service Provider.’

2 June 2021
Appointment of design and build contractor for new Leeds pathology laboratory

Leeds, 2 June 2021 - A new £27 million state-of-the-art pathology laboratory based at St James’s Hospital, Leeds has moved a step closer with the appointment of BAM Construction as the design and build contractor.

1 June 2021
Principal European Core Fund acquires forward funded Helix office building in Utrecht from area developer AM

Utrecht, the Netherlands, 1 June 2021 - Principal Real Estate Europe, on behalf of the Principal European Core Fund (PECF), has completed the acquisition of the 10,000 sqm Helix office building in Utrecht, which it forward funded in a €44 million development agreement with area developer AM in January 2020. This marks the completion of the transfer of the building from AM to PECF.

31 May 2021
BAM Nuttall tests world first smart contract solution for the construction industry

Camberley, 26 May 2021 - The weather can put a damper on any plans but imagine the impact it has on a construction site where bad weather can delay works for weeks.

31 May 2021
England rugby international opens school's new pitch

Hemel Hempstead, 25 May 2021 - Harlequins and England rugby international Shaunagh Brown was at Oriel High School in Crawley last week to officially open the school’s new full-size, floodlit third-generation (3G) artificial grass pitch (AGP). The project was made possible thanks to close working with the school's facilities management provider, BAM FM, West Sussex County Council and Crawley Rugby Club.

25 May 2021
Space Hub Sutherland

(News release Highlands and Islands Enterprise (HIE):) Inverness, 24 May 2021 - A specialist survey to inform the final design and construction of the proposed satellite launch site in Sutherland is expected to get under way on the A’ Mhoine peninsula this week [w/b Mon 24 May 2021].

25 May 2021
£350m Temple Development gets underway in Leeds

First phase, Globe Point, breaks ground

Leeds, 23 May 2021 - Work has started on site this week on CEG’s flagship Globe Point development within the Temple district of Leeds.

20 May 2021
BAM Construct UK publishes its report and accounts for 2020

Hemel Hempstead, 20 May 2021 - BAM Construct UK has published its report and accounts for 2020.

17 May 2021
More power and updated design revealed as nuclear power team targets first place in the assessment queue in Autumn 2021

(Press release Rolls-Royce:) 17 May 2021 - The consortium, led by Rolls-Royce, which is creating a compact nuclear power station known as a small modular reactor (SMR), has revealed its latest design and an increase in power as it completes its first phase on time and under budget.

17 May 2021
BAM exceeds its five-year carbon reductions targets

Hemel Hempstead, 17 May 2021 - BAM Construct UK has made significantly more progress in carbon reductions than envisaged against its longstanding targets, even allowing for the effect of the current pandemic.

13 May 2021
Cement-free concrete pour marks step-change in tackling carbon emissions

Camberley, 13 May 2021 - BAM Nuttall successfully completed the UK’s largest single pour of an innovative new cement-free concrete on behalf of Network Rail at Chatham Station, Kent, this weekend.

12 May 2021
Offices, schools and public buildings in the East of England get new covid testing partner to help them re-open

Hemel Hempstead, 12 May 2021 - Public sector bodies with buildings in the east of England are getting a boost to help them re-open after a new lateral flow covid community testing partner was announced.

11 May 2021
Construction begins on new Exmouth Community College – one of the UK’s largest schools

Hemel Hempstead, 11 May 2021 - Main construction has now commenced at Exmouth Community College, one of the largest schools by pupil numbers in the UK, with BAM Construction appointed to create the new facilities.

6 May 2021
BAM reports €53.3 million adjusted EBITDA in Q1, focus on strategy execution

First quarter 2021 trading update

Royal BAM Group nv reports for the first quarter of 2021 an adjusted EBITDA of €53.3 million, a clear improvement versus last year. The focus is on the execution of BAM’s strategy, which will result in a more profitable and predictable company. In addition to improvement of the operational performance and risk profile, the portfolio was strengthened by two small divestments and an add-on acquisition. BAM’s cash position and order backlog remain solid.

  • Revenue slightly higher compared to first quarter 2020
  • Adjusted EBITDA increased with 28% to €53.3 million in Q1 2021, reflecting an adjusted EBITDA margin of 3.2%
  • First quarter results supported by solid contributions from United Kingdom and Netherlands
  • BAM International; adjusted EBITDA loss of €12.9 million, wind-down scheduled to be completed before year-end
  • Liquidity position of €1.3 billion after repayment €400 million RCF, capital ratio improved to 15.1% (year-end 2020: 13.4%)
  • Cost reduction programme completed as planned, continued focus on portfolio improvement and risk reduction
  • Solid order book, strong order intake in United Kingdom
  • BAM had a satisfactory start to the year which provides confidence for 2021, and will provide the outlook for 2021 in due course

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