Brief: BAM Groep H1 Adj. EBITDA At EUR 119 Million

Koninklijke BAM Groep NV

17/08/2023 06:21

Aug 17 (Reuters) - Koninklijke BAM Groep NV  BAMN.AS :
    * REPORTS EUR 119 MILLION ADJUSTED EBITDA IN FIRST HALF-YEAR
    * H1 NET RESULT OF EUR 60 MILLION, REFLECTING EARNINGS PER
SHARE
OF EUR 0.22 (EUR 0.31 IN H1 2022)
    * END-H1 ORDER BOOK REMAINS AT GOOD LEVEL OF EUR 9.5 BILLION
    * H1 ADJUSTED EBITDA WAS EUR 119 MILLION, REFLECTING A
MARGIN OF
4.0%
    * END-H1 LIQUIDITY POSITION DECREASED TO EUR 0.7 BILLION
REFLECTING NORMALISATION OF TRADE WORKING CAPITAL
    * END-H1 CAPITAL RATIO IMPROVED TO 22.3% (21.2% YEAR-END
2022)
    * WE WILL PRESENT AN UPDATE OF OUR STRATEGY FOR THE PERIOD
UP TO
2026 IN THE FIRST HALF OF  2024
    * EXPECTS TO DELIVER AN ADJUSTED EBITDA MARGIN HIGHER THAN 4
PER
CENT FOR THE FULL-YEAR 2023
    * H1 REVENUE EUR 2.97 BILLION VERSUS EUR 3.33 BILLION YEAR
AGO

Source text for Eikon:  ID:nNDL6Kvyck 
Further company coverage:  BAMN.AS 

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