BAM reports €199 million adjusted EBITDA in first nine months

First nine months 2023 trading update

Over the first nine months of 2023, Royal BAM Group nv delivered an adjusted EBITDA of €199 million, reflecting a margin of 4.4 per cent. The Group performed well in the third quarter in challenging market conditions. The cash position and order backlog are at a good level. BAM expects to deliver an adjusted EBITDA margin of approximately 4.5 per cent for the full-year 2023.

• Stable revenue in both Netherlands and United Kingdom & Ireland divisions;
• Adjusted EBITDA of €199 million in first nine months (adjusted EBITDA margin of 4.4%);
• Adjusted EBITDA of €80 million in third quarter versus €99 million in the comparable period last year, which included €52 million book profit on the Wayss & Freytag transaction;
• Cash position of €0.5 billion, capital ratio improved to 23.6% (mid-year 2023: 22.3%);
• Order book remained at good level of €9.4 billion (mid-year 2023: €9.5 billion).

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