Brief: BAM Groep H1 Adjusted EBITDA Up At EUR 182 Mln

Koninklijke BAM Groep NV

18/08/2022 06:27

Aug 18 (Reuters) - Koninklijke BAM Groep NV  BAMN.AS :
    * STRONG IMPROVEMENT OF NET RESULT TO EUR 86 MILLION,
EARNINGS PER
SHARE OF EUR 0.31 IN FIRST HALF-YEAR
    * H1 ADJUSTED EBITDA INCREASED 16% TO EUR 182 MILLION,
REFLECTING
A MARGIN OF 5.5%
    * H1 LIQUIDITY POSITION OF EUR 830 MILLION, EXCLUDING EUR
188
MILLION FOR WAYSS & FREYTAG REPORTED AS HELD FOR SALE
    * END-H1 ORDER BOOK OF EUR 12.2 BILLION (INCLUDING EUR 900
MILLION
IMPACT OF DIVESTMENTS)
    * H1 CAPITAL RATIO IMPROVED TO 17.7% (14.5% YEAR-END 2021
AND
13.2% H1 2021)
    * H1 REVENUE INCREASED 2% IN NETHERLANDS, UNITED KINGDOM AND
IRELAND; TOTAL REVENUE DECLINED 8% VERSUS H1 2021 DUE TO
DIVESTMENTS
    * BAM EXPECTS TO PROPOSE A DIVIDEND OVER FULL-YEAR 2022
    * FOR 2022, BAM EXPECTS TO DELIVER AN ADJUSTED EBITDA MARGIN
OF AT
LEAST 4 PER CENT, EXCLUDING ANTICIPATED RESULT ON WAYSS &
FREYTAG DIVESTMENT
    * H1 CASH POSITION AND ORDER BACKLOG REMAIN AT A GOOD LEVEL
    * WE ARE COMMITTED TO ACHIEVING OUR STRATEGIC OBJECTIVES FOR
2023
    * H1 REVENUE EUR 3.33 BILLION VERSUS EUR 3.63 BILLION YEAR
AGO

Further company coverage:  BAMN.AS 

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