BAM reports 1H18 adjusted pre-tax result of €57.8 million and reconfirms full year outlook

23 August 2018
  • Construction & Property: Dutch residential property development drives margin improvement
  • Civil engineering: cost overrun IJmuiden largely offset by improved results outside the Netherlands
  • PPP: solid result from existing portfolio supported by project transfer to PGGM joint venture
  • Order book: stable and developing in line with markets
  • Higher cash outflow in first half 2018; trade working capital efficiency reduced from -11.1% to -10%
  • Adoption IFRS 15 accounting change: restatement 2017 opening shareholders’ equity and result

Click here for the full press release.