2007 an outstanding year for BAM
- Net result for 2007: €349 million (2006: €137 million).
- Net result excluding book profit on sale of Flatiron: €277 million.
- Profit margin before tax and Flatiron book profit: 4.0% (2006: 2.7%)
- Proposed dividend €0.90 in cash per ordinary share (2006: €0.45)
- Strong order book: €13.8 billion at year-end 2007
- BAM generally positive about market conditions
- Energetic start in 2007 on implementation of the strategic agenda
- Expected net profit for 2008 of at least €250 million feasible
- Investigation of the possibility of selling the stake in dredging company Van Oord
Klick here for the full press release.
Results for 2007
Royal BAM Group has had a successful year. Net profit rose to €349.0 million (2006: €137.0 million), with contributions to the result increase coming from virtually every sector. The increase in the results is also related to the recovery of results in Germany and the result on the sale of the American activities (Flatiron). Annual turnover increased by about 4% to approximately €9.0 billion (2006: €8.6 billion). If we disregard the turnover from Flatiron, turnover increased by nearly 5%, with 1% of this resulting from acquisitions. The impact of exchange rate differences on the turnover growth in 2007 was negligible.