BAM reports €44 million adjusted EBITDA in first quarter

First quarter 2024 trading update

Royal BAM Group nv reports an adjusted EBITDA of €44 million in the first quarter 2024, reflecting an adjusted EBITDA margin of 3.1%. BAM’s cash position remains solid and the capital ratio further improved. The order intake was strong. For the full-year 2024, BAM expects to deliver an adjusted EBITDA margin within the strategic range between 4 and 6%.

• Revenue of €1.4 billion, 3% below first quarter 2023 
• Adjusted EBITDA of €44 million (Q1 2023: €58 million, including result on a UK property divestment) 
• Liquidity position solid at €0.5 billion 
• Capital ratio further improved to 25.2% (year-end 2023: 23.4%) 
• Order book increased by 10% to €10.7 billion

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