Trading update says UK performing β€˜satisfactorily’

The Dutch parent of Bam has said that revenue in the first nine months of the year was above pre-covid levels.

In a trading update, Royal Bam said income during the period was up 11% to €5.3bn (Β£4.5bn) with adjusted earnings up to €223m (Β£189m) from €37.5m (Β£32m) in 2020.

Bam (3)

Bam will publish its 2021 results next February

The firm said trading in the UK and Ireland was β€œsatisfactory” with work driven, it added, by public stimulus programmes.

Royal Bam has pulled out of the loss-making German market and is closing its Bam International arm.

Last year’s revenue was €6.8bn (Β£5.6bn) with adjusted earnings standing at €223m (Β£170m).

The firm will publish its annual results next February.

Topics