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Royal BAM Group nv: BAM 2014 adjusted pre-tax result €62 million; Back in Shape programme on track

  • Adjusted result supported by strong Q4 at PPP and first Back in Shape savings
  • Positive cash flow 2014 driven by divestments and improving trade working capital
  • Results in operational sectors down in a difficult year; strong results at investment sectors
  • Order book stable, quality improving
  • Non-cash impairments on Dutch Property land bank and two Irish PPP toll roads
  • Back in Shape: good momentum in cost and working capital savings and better project control

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