Royal BAM N : BAM reports €44 million adjusted EBITDA in first quarter
May 02, 2024 at 07:52 am EDT
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2 May 2024 - 07:15
BAM reports €44 million adjusted EBITDA in first quarter
First quarter 2024 trading update
Royal BAM Group nv reports an adjusted EBITDA of €44 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 €1.4 billion, 3% below first quarter 2023
Adjusted EBITDA of €44 million (Q1 2023: €58 million, including result on a UK property divestment)
Liquidity position solid at €0.5 billion
Capital ratio further improved to 25.2% (year-end 2023: 23.4%)
Order book increased by 10% to €10.7 billion
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Royal BAM Group NV published this content on
02 May 2024 and is solely responsible for the information contained therein. Distributed by
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02 May 2024 11:52:15 UTC.
Royal BAM Group N.V. is a building and public works group. Net sales break down by activity as follows:
- buildings and civil engineering infrastructure construction (88.3%): roads, highways, airports, tunnels, railways, residences, hospitals, schools, offices, businesses, etc. The group also develops subcontracted mechanical and electrical installations implementation activity;
- real estate development (8.7%);
- other (3%).
Net sales are distributed geographically as follows: the Netherlands (47.9%), the United Kingdom (42.7%), Ireland (7.4%), Belgium (1.9%) and other (0.1%).
ROYAL BAM GROUP N.V. 
