Royal BAM Group trading statement first half 2014
Bunnik, the Netherlands, 11 August 2014 - Royal BAM Group nv noted significant movement on the share price on 8 August 2014.
BAM will report the half year results on Thursday 21 August 2014, as scheduled. Based on the latest available information, BAM expects (subject to Supervisory Board and auditors’ approval on 20 August 2014) to report a break-even result before tax for the first half of 2014.
The situation in relation to the two civil engineering projects referenced in the press release of 7 July is stable and unchanged.
Regarding the actions announced on 7 July, BAM confirms the intended scope of cost reduction, working capital and divestment programmes.
BAM was within all its banking covenants as at 30 June 2014.
Further information:
- press: Arno C. Pronk, +31 (0)30 659 86 21;
- analysts: Joost van Galen, RA, + 31 (0)30 659 87 07.