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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.

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

Click here for the full press release.

Bunnik, the Netherlands, 4 May 2021 – BAM International bv has reached agreement to sell its subsidiary PT BAM Decorient Indonesia to the current management. Financial details of the transaction are not disclosed.

(Press release Urban Development Corporation (SAU):) Brussels, 20 April 2021 -  The Urban Development Corporation (SAU) has appointed the consortium BAM Interbuild - Groven+ to construct the Frame building, the future showcase for mediapark.brussels, whose occupants will include BX1 and the IHECS Academy.

Hemel Hempstead, 14 April 2021 - A construction manager whose site is located opposite St James’ Park – home of Newcastle United Football Club – has come up with a creative idea to attract new talent into the industry.

Stuttgart, 7. April 2021 - In Fellbach bei Stuttgart errichtet BAM Deutschland seit September 2019 die Unternehmenszentrale der Süddeutschen Krankenversicherung (BK5). Eine Besonderheit dabei ist, dass die BAM Deutschland das Projekt schon während der Pre-Construction Phase begleitete und so frühzeitig unterstützen konnte. Dieses Modell war so erfolgreich, dass wir Ende letzten Jahres mit dem Folgeauftrag BK4 beauftragt wurden.

Camberley, 26 March 2021 - BAM Nuttall began construction of the new Reston station in the Scottish Borders this week (24 March) on behalf of Network Rail.

Hemel Hempstead, 29 March 2021 - BAM Construct UK was part of a pioneering trial undertaken by four major construction companies to improve access to flexible working for site-based teams in 2019, conducted with independent consultancy Timewise. Although the trials were overtaken by the pandemic, which meant the construction industry adopting new measures to maintain safety, BAM says its new approach will have benefits for both its own people and the rest of the industry long after the pandemic subsides.

Bunnik, the Netherlands, 30 March 2021 – Royal BAM Group nv has reached agreement to sell the shares of BAM Swiss AG (a subsidiary of BAM Deutschland AG) to Implenia AG. It is anticipated the transaction will close in May. Financial details of the transaction are not disclosed.