BAM reports improved results and strong cash flow; reiterates full year outlook
- 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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