Koninklijke BAM Groep : BAM reports improved results and strong cash flow; reiterates full year outlook
August 18, 2016 at 06:25 am
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Construction: Netherlands profitable and turnaround ongoing; negative result and refocus in Germany
Civil engineering: strong margin improvement
Property: improved results for residential and non-residential activities
PPP: solid performance driven by portfolio; funding PGGM JV increased
Brexit: predominantly FX translation effects
Order book: lower level, improved quality due to tender discipline
Cash flow: strong improvement in working capital efficiency
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Royal BAM Group NV published this content on 18 August 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 August 2016 05:25:05 UTC.
Original documenthttp://www.bam.com/en/press/press-releases/bam-reports-improved-results-and-strong-cash-flow-reiterates-full-year-outlook?position=0&list=fu7ZVOdgVMDBOXMO25airZcIBf57VgkFX9O3cCd2RME
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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%).