Royal BAM Group nv reports an adjusted EBITDA of EUR44 million in the first quarter 2024, reflecting an adjusted EBITDA margin of 3.1%.

BAM's cash position remains solid and the capital ratio further improved. The order intake was strong. For the full-year 2024, BAM expects to deliver an adjusted EBITDA margin within the strategic range between 4 and 6%.

Revenue of EUR1.4 billion, 3% below first quarter 2023

Adjusted EBITDA of EUR44 million (Q1 2023: EUR58 million, including result on a UK property divestment)

Contact:

Tel: +31 (0)30 659 89 88

Email: info@bam.com

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