RSS Feed Press releases

3 March 2020
17-year Snowhill project completes

(News release West Midlands Growth Company:) Birmingham, 3rd March 2020 - Construction work on Birmingham’s largest single office development, Three Snowhill, is now complete, almost four years after starting on site.

3 March 2020
Composition Supervisory Board

Bunnik, the Netherlands, 3 March 2020 – The Supervisory Board of Royal BAM Group nv intends to nominate Mr H.Th.E.M. (Henk) Rottinghuis for appointment to the Supervisory Board. This will take place at the Annual General Meeting of shareholders on 15 April 2020 for a period ending with the Annual General Meeting in 2024. Additionally, Mr H.L.J. (Harrie) Noy will be nominated for re-appointment as a member of the Supervisory Board for a period which will end at the Annual General Meeting in 2021.

2 March 2020
BAM appoints Group ICT director

Bunnik, the Netherlands, 2 March 2020 – The Executive Board of Royal BAM Group nv has appointed Mr H. (Henry) van de Ven as as Group Director ICT with effect from 1 May 2020.

27 February 2020
£40 million Staines Development gets underway – and is set to lead the way in flexible working

Hemel Hempstead, 27 February 2020 - AimCo, one of Canada’s largest institutional fund managers and XLB Property, a leader in the business space sector, has appointed BAM Construction to deliver the first phase of its exciting new masterplan for the Causeway estate, in Egham, Staines – One Causeway Park.

25 February 2020
BAM publishes 2019 Integrated Report

Bunnik, the Netherlands, 25 February 2020 – Royal BAM Group nv announces that its Integrated Report 2019 including the annual accounts is published today, 25 February 2020.

24 February 2020
Falkland Islands Government announces BAM Nuttall as partner to develop new wharf

Camberley, 21 February 2020 - The Falkland Islands Government (FIG) has selected a development partner to design and build a new port in Stanley Harbour.

21 February 2020
Adjusted pre-tax result of €74 million in 2019 following strong second half

BAM’s performance recovered in the second half of 2019 after the disappointing first half year, and the company realised its revised full year outlook. Trade working capital efficiency improved during the year. The cash position strengthened further. Steps are being taken to accelerate the execution of the strategic agenda in order to improve the future performance and predictability.

  • BAM delivers on full year outlook with an adjusted PBT margin of 1.0%
  • Strong performance in Dutch and Irish Construction and Property, the UK and BAM PPP
  • Net result of €11.8 million impacted by non-cash impairments and restructuring charge
  • Positive cash flow development; trade working capital efficiency exceeding -10% target
  • Order backlog maintained at high level with focus on risk/reward balance
  • Dividend proposal of €0.02, a cash pay-out of 46% of net income
  • Outlook 2020: improvement of the adjusted result before tax margin compared to 2019

Click here for the full press release.

Click here for the analysts’ presentation.

18 February 2020
BAM reaches Financial Close on Dendermonde Prison project in Belgium

18 February 2020 - The contract for the design, build, finance and maintenance of the Dendermonde Prison project in Belgium reached Financial Close successfully on 18 February 2020. The Belgian Buildings Agency (Regie der Gebouwen / Régie des Bâtiments) and Federal Governmental Department of Justice (FOD Justitie / SPF Justice) awarded BAM PPP the contract for the provision of a prison in Dendermonde, which will house 444 inmates. The contract value of the project is €194 million. Dendermonde is situated between Antwerp and Ghent.

17 February 2020
BAM starts work on new health care centre

Glasgow, 14 February 2020 - BAM Construction has started work on a new £19 million Health Care Centre in Clydebank.

17 February 2020
BAM will enter next strategic cycle under new leadership

CEO Van Wingerden to transfer the helm

Bunnik, the Netherlands, 17 February 2020 – The Supervisory Board of Royal BAM Group nv announces that by mutual agreement it has been decided that Rob van Wingerden will not be nominated for a next term as CEO and member of the Executive Board. The end of the current strategic cycle provides a natural moment for Van Wingerden to transfer the helm. The Supervisory Board has initiated the search for a successor, who will be leading the next stage of BAM’s development, including the preparation of a strategic update.

13 February 2020

Bunnik, the Netherlands, 13 February 2020 – The Netherlands Authority for Consumers and Markets (ACM) has granted permission to the merger of asphalt plants from Heijmans and BAM into a new asphalt company. The granting of permission by the competition authority has brought the intended establishment of a joint asphalt company an important step closer.

12 February 2020
New City Law School building on Sebastian Street continues to progress

Iconic new Law School building due to be completed this summer

(News announcement City, University of London:) London, 11 February 2020 - City’s iconic new Law School building has been under construction for just over two years and is due to be completed this summer.

10 February 2020
Hub West Scotland’s Inaugural Community Investment Award

(News release Hub West Scotland:) Glasgow, 10 February 2020 - Hub West Scotland has recognised the outstanding efforts of BAM Construction’s Stobhill Mental Health Unit site team with the presentation of their inaugural Community Investment Award.

10 February 2020
Abu Dhabi Ports doubling visitor capacity at Sir Bani Yas Cruise Beach with AED 100 million expansion

New jetty to accommodate double calls and more passengers at the Arabian Gulf’s dedicated cruise beach destination

(Press Release Abu Dhabi Ports:) Abu Dhabi, UAE, 8 February 2020 - Abu Dhabi Ports, the master developer, operator and manager of the emirate’s commercial and community ports, announced today plans to design and construct a new cruise jetty at Sir Bani Yas Cruise Beach - the signature tourist destination located off the coast of Abu Dhabi. The AED 100 million (€24.5 million) new jetty project will be completed in Q4 2020, in time for the launch of the 2021 cruise season.

31 January 2020
Artist's impression Rothera Research Station

(Press release British Antarctic Survey:) London, 30 January 2020 - In commemoration of the 200th anniversary of the first sighting of Antarctica by the British naval officer Edward Bransfield on this date in 1820, a new building to facilitate the British Antarctic Survey’s (BAS) ongoing climate related research in Antarctica breaks ground today at their largest facility, Rothera Research Station.

29 January 2020
Opening N25 New Ross Bypass

Record-breaking Rose Fitzgerald Kennedy Bridge opened by An Taoiseach

Kill, County Kildare, Ireland, 29 January 2020 - An Taoiseach Leo Varadkar, T.D. and Rose Katherine Kennedy Townsend today officially opened the N25 New Ross Bypass PPP Scheme, delivered by the BAM/ ACS consortium on behalf of Transport Infrastructure Ireland (TII), and Wexford and Kilkenny County Councils. The N25 New Ross Bypass PPP Scheme, which includes Ireland’s longest bridge, the Rose Fitzgerald Kennedy Bridge, cost €230 million and provides 15 kilometres of road network. The new project will improve flows on the strategic Cork to Rosslare corridor and will ease traffic in the often-congested New Ross area, with travel times reduced by up to 30 minutes.

29 January 2020
The N25 New Ross Bypass

(Press release Transport Infrastructure Ireland:) Dublin, 28 January 2020 - Transport Infrastructure Ireland, Wexford County Council and Kilkenny County Council are delighted to announce that An Taoiseach Leo Varadkar, T.D. will perform the official opening ceremony for the N25 New Ross Bypass on the afternoon of Wednesday the 29th of January 2020.

28 January 2020
BAM underway on £23 million new scheme in Runcorn for industrial giant INEOS’s INOVYN ChlorVinyls

Hemel Hempstead, 28 January 2020 - Construction of new office accommodation is now well underway for chemical giant INEOS’s INOVYN ChlorVinyls business at its Runcorn Site.

22 January 2020
Redhill-Tonbridge railway to reopen by the end of March as Network Rail starts work repairing massive landslip

Press release Network Rail:) London, 21 January 2020 - Network Rail and engineers from contractor BAM Nuttall have begun work to repair a landslip at a remote location between Edenbridge and Godstone on the Redhill-Tonbridge railway.

21 January 2020
Work starts on next phase of project to reduce flood risk in Leeds

(Press release issued by Environment Agency and Leeds City Council on behalf of Leeds Flood Alleviation Scheme:) Leeds, 20 January2020 - Work has started on the next stage of a major scheme to reduce the risk of flooding in Leeds.

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