RSS Feed Press releases

London, 26 November 2020 - BAM Nuttall and BAM Construct UK have signed a solus agreement with Polypipe Group plc’s market-leading divisions Polypipe Civils & Green Urbanisation and Polypipe Building Products to supply drainage products to all BAM's infrastructure and building projects in the UK.

Hemel Hempstead, 25 November 2020 - BAM Construction has commenced work on three new schools in the East Midlands, having been appointed to the schemes by the Department for Education under its national education framework, with a combined value of around £65 million.

Bunnik / Zeist, the Netherlands, 23 November 2020 - Royal BAM Group and Dutch pension fund service provider PGGM have reached conditional agreement on the key terms for the extension of the current partnership between PGGM Infrastructure Fund and BAM PPP.

Camberley, 19 November 2020 - David Anderson, BAM Nuttall’s Head of Business Process & Quality, has been named ‘International Quality Professional of the year’ in the Chartered Quality Institute’s International Quality Awards 2020. BAM Nuttall was one of five finalists in the highly esteemed ‘Quality Organisation of the Year’ category, narrowly beaten to the top award by Jacobs. The prestigious international awards attracted over 100 entries from organisations in 23 countries committed to delivering quality for their workforce and their customers.

Bunnik, the Netherlands, 12 November 2020 – Effective 1 January 2021, Mrs Sofie Muyldermans will succeed Mr Marc Peeters as managing director of BAM Interbuild bv.

Camberley, 10 November 2020 - Network Rail has started work on the second section of the new, bigger sea wall at Dawlish, Devon, to protect the railway and town from rising sea levels, and extreme weather, for generations to come.

Bunnik, the Netherlands, 5 November 2020 – Rijkswaterstaat Oost-Nederland has awarded the contract for the Integral Major Maintenance (‘IGO’) of national highways in the eastern part of the Netherlands to BAM Infra Nederland. The project includes the maintenance of seven national highways, divided over two lots (west and east) with a total contract value of approximately €45 million.

First nine months 2020 trading update

Royal BAM Group nv reports for the first nine months of 2020 an adjusted loss before tax of €81.8 million, which is a €51.7 million improvement versus the first half year result. The cash position and the order book remained solid. During the third quarter, the situation regarding Covid-19 was generally stable. BAM maintains its outlook of a positive adjusted result before tax for the second half of the year, although the Covid-19 situation still causes uncertainty.

• Both business lines improved performance in third quarter after being hit hard in second quarter by Covid-19
• Revenue of €1.7 billion in third quarter 2020, in line with comparable period 2019
• Adjusted result before tax of €51.7 million in third quarter 2020, a margin of 3.0%
• Programme to structurally lower BAM’s cost base by €100 million initiated; first benefits in 2021
• Cash position remained strong at €1.2 billion, which includes fully drawn €400 million revolving credit facility
• Capital ratio improved to 12.6%
• Order book at €13.3 billion, stable versus mid-year 2020

Click here for the full press release.

Hemel Hempstead, 28 October 2020 - BAM has been named Construction Business of the Year at the Insider North West Property Awards 2020. Beating five other contractors including Vinci and Morgan Sindall to scoop this prestigious title.