BAM maintains forecast for 2012 and sets strategic priorities for 2013-2015
- 9M 2012 net loss including impairments: €233 million (9M 2011: profit €84 million)
- 9M 2012 results at Construction and M&E services and Civil engineering impacted by reorganisation costs totalling €16 million and continuing difficult circumstances in our European home markets, in particular the Netherlands; good momentum at BAM International
- Results at Property in line with assumptions for worse market conditions adjusted as per H1
- Solid performance and good bid pipeline at PPP
- Order book at €10.9 billion at end of 9M 2012, up by €0.5 billion on year-end 2011
- Well within limits of banking covenants
- New 3-year strategic priorities emphasise internal improvement in ongoing tough market conditions
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