Koninklijke BAM Groep : BAM reports higher adjusted result of €102.7 million and strong cash flow of €102 million for 2016
February 21, 2017 at 12:03 pm IST
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Implementation of 'Building the present, creating the future' strategy on track
Construction and Property: overall result positive; Germany being refocused after loss
Civil engineering: improved result driven by home markets; International affected by oil and gas markets
PPP: steady performance from existing portfolio
Order book quality improving due to tender discipline; lower level due to FX and market conditions
Dividend per share proposal of €0.09, payout 50% with scrip alternative
Click here for the full press release.
Royal BAM Group NV published this content on 21 February 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 21 February 2017 06:33:05 UTC.
Original documenthttp://www.bam.com/en/press/press-releases/2017/2/bam-reports-higher-adjusted-result-of-eu1027-million-and-strong-cash?position=0&list=uDLepoKIou9hgMpSVFCC0mYaFFfBX6PxuFJGoLUXY9E
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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%).