July 9, 2017

BAM reports 1H17 adjusted result of €52.7 million and reconfirms full year outlook

  • Margin improved to 1.7% on lower revenue
  • Construction & Property: strong margin improvement due to prior restructuring and market conditions
  • Civil engineering: better margin in Q2 after slow start to the year
  • PPP: strong result from portfolio; healthy tender pipeline
  • Order book: upward trend and continued tender discipline
  • Cash flow: normal seasonality; trade working capital efficiency -10.6%

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