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BAM reports full year adjusted result before tax of €63.3 million

  • Full year adjusted result margin at 1%; excluding previously announced loss at sea lock IJmuiden at 2%
  • Construction and Property: improved margins due to prior restructuring in the Netherlands and Germany
  • Civil engineering: loss mainly due to the Netherlands; partly offset by UK, Ireland and Germany
  • PPP: strong performance from existing portfolio; 50% tender hit rate
  • Increased order book; 84% of revenue in hand for 2018
  • Impairment of deferred tax assets triggered by past underperformance in the Dutch fiscal entity
  • Dividend per share proposal of €0.10 (2016: €0.09) with scrip alternative and buy-back to offset dilution

For the full press release, please go here.

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