Brief: BAM Groep Sees Adjusted EBITDA Margin OF Around 4.5% For FY23

Koninklijke BAM Groep NV

02/11/2023 06:27

Nov 2 (Reuters) - Koninklijke BAM Groep NV  BAMN.AS :
    * 9-MONTH ORDER BOOK REMAINED AT GOOD LEVEL OF EUR 9.4
BILLION
(MID-YEAR 2023: EUR 9.5 BILLION)
    * END-9-MONTH CASH POSITION OF EUR 0.5 BILLION, CAPITAL
RATIO
IMPROVED TO 23.6% (MID-YEAR 2023: 22.3%)
    * OUTLOOK 2023: BAM EXPECTS TO DELIVER AN ADJUSTED EBITDA
MARGIN
OF APPROXIMATELY 4.5 PER CENT FOR THE FULL-YEAR
    * INVESTIGATION DUTCH AUTHORITIES: POTENTIAL ADVERSE
FINANCIAL
IMPACT OF OUTCOME OF INVESTIGATION, IF ANY, CANNOT BE RELIABLY
ESTIMATED AT THIS TIME BUT COULD POSSIBLY BE MATERIAL
    * INVESTIGATION DUTCH AUTHORITIES: FULLY COOPERATING WITH
INVESTIGATION AND TAKING STEPS, INCLUDING AN INTERNAL REVIEW OF
THE RELEVANT PROJECTS
    * ALL PROJECTS OF BAM INTERNATIONAL HAVE BEEN COMPLETED
    * FINANCIAL RESILIENCE FURTHER IMPROVED AND WE RECENTLY
SECURED
THE FIRST EXTENSION OF OUR €330 MILLION REVOLVING CREDIT
FACILITY BY ONE YEAR TO NOVEMBER 2027
    * EXPECTS TO DELIVER AN ADJUSTED EBITDA MARGIN OF
APPROXIMATELY
4.5 PER CENT FOR THE FULL-YEAR 2023

Source text: https://tinyurl.com/3wkvh49f
Further company coverage:  BAMN.AS 

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