Brief: BAM Groep 9-Month Adjusted EBITDA At EUR 281 Mln

Koninklijke BAM Groep NV

03/11/2022 06:25

Nov 3 (Reuters) - KONINKLIJKE BAM GROEP NV  BAMN.AS :
    * BAM REPORTS EUR 281 MILLION ADJUSTED EBITDA IN FIRST NINE
MONTHS, REITERATES 2022 OUTLOOK
    * ROYAL BAM GROUP NV REPORTS FOR FIRST NINE MONTHS OF 2022
AN
ADJUSTED EBITDA OF EUR 281 MILLION
    * BAM'S OPERATIONAL PERFORMANCE IN Q3 WAS HELD BACK BY
INFLATION
AND SUPPLY CHAIN CONSTRAINTS
    * CASH POSITION REMAINS SOLID AND CAPITAL RATIO IMPROVED TO
OVER
21 PER CENT
    * SOLID ORDER BOOK OF EUR 10.0 BILLION (H1: EUR 12.2
BILLION)
    * LIQUIDITY POSITION OF EUR 0.9 BILLION, CAPITAL RATIO
IMPROVED TO
21.1% (MID-YEAR 2022: 17.7%)
    * SOLID ORDER BOOK OF EUR 10.0 BILLION (H1: EUR 12.2
BILLION),
REDUCED BY EUR 1.2 BILLION DUE TO DIVESTMENT WAYS & FREYTAG AND
EUR 600 MILLION IN UK HIGHWAYS, MAINLY FOLLOWING GOVERNMENT
REVIEW OF REGIONAL ROADS DEVELOPMENT PROGRAMME
    * WE CONTINUE TO FACE INDUSTRY-WIDE PRESSURE IN THE SUPPLY
CHAIN,
COST INFLATION AND HIGH COMPETITION TO ATTRACT AND RETAIN
EMPLOYEES
    * WE ARE ABLE TO MITIGATE MOST OF THESE HEADWINDS THROUGH
SOURCING
ARRANGEMENTS, CONTRACT TERMS AND PRICING.
    * WE ARE ON TRACK WITH THE EXECUTION OF OUR STRATEGY AND WE
ARE
COMMITTED TO REALISE OUR 2023 STRATEGIC TARGETS
    * FOR 2022, BAM EXPECTS TO DELIVER AN ADJUSTED EBITDA MARGIN
OF AT
LEAST 4 PER CENT, EXCLUDING THE BOOK PROFIT OF €52 MILLION ON
THE WAYSS & FREYTAG TRANSACTION
    * IN THE DIVISION NETHERLANDS, RESIDENTIAL ACTIVITIES
CONTRIBUTED
WELL, AND CIVIL ENGINEERING IS STEADILY IMPROVING
    * IN THE DIVISION UNITED KINGDOM AND IRELAND THERE IS GOOD
MOMENTUM FOR ENERGY AND DEFENCE PROJECTS AND THE RAIL
INFRASTRUCTURE NETWORK

Source text for Eikon:  ID:nNDLZMJNy 
Further company coverage:  BAMN.AS 
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