BAM UK operations benefit from a 40% increase in sales

The improved performance meant that BAM Bau und Immobilien achieved a profit of € 18.3 million in the first half of the year.

Confidence was also bolstered by BAM Construction’s largest ever win of £ 253 million for the Manchester Co-op Live Arena.

BAM Nuttall also saw sales in the UK grow 40%, resulting in a 20% increase in the total number of Royal BAM civilians.

The civil sector remained larger than the construction business with sales of £ 539 million in the first half of the year, but profits were slightly below that of the construction business at £ 16.4 million.

BAM UK trading in the first half of the year
revenue change adj EDITDA change
BAM construct £ 467 million 40% £ 18.3 million n / A
BAM Nuttall £ 539 million 40% £ 16.4 million 5%

Ruud Joosten, CEO of Royal BAM Group, said the order backlog for civilians in the UK has remained high, allowing for further selective tendering.

He added: “In the UK, the government has committed to significantly increasing public investment over the next four years, which will lead to positive outlook for health, justice and education.

“The private market shows a mixed picture, with lower demand in retail and some reluctance in offices, partly offset by logistics and pharmaceuticals.”

Overall, the Royal Bam Group reported this morning with an adjusted EBITDA of 157 million – Covid level of 3.45 billion euros for the first half of 2019.

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