Netherlands · Delayed Price · Currency is EUR Koninklijke BAM Groep nv Earnings Call Transcripts
Fiscal Year 2025
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Revenue grew 9% to over EUR 7 billion with Adjusted EBITDA up 20% to EUR 400 million and net income at EUR 211 million. Strong performance in the Netherlands and UK, robust order book, and increased shareholder returns highlight the year.
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Adjusted EBITDA rose 40% to €176M on 7% revenue growth, with net income nearly doubling year-over-year. Guidance for 2025 EBITDA margin was upgraded to at least 5%, supported by a strong backlog and robust liquidity.
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The meeting reviewed strong 2024 financials, a robust order book, and a proposed €0.25 dividend. Strategic focus remains on core markets, sustainability, and risk reduction, with all board proposals and appointments approved by a record shareholder turnout.
Fiscal Year 2024
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2024 saw strong financial and operational results, with adjusted EBITDA up 10% to EUR 333 million and a 33% increase in order backlog. Strategic focus on sustainability, de-risking, and selective growth positions the company for further margin stability and expansion in 2025.
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Revenue and adjusted EBITDA rose slightly year-over-year, driven by strong Dutch residential and civil engineering performance, while UK Construct faced losses from project delays and supply chain issues. The order book grew nearly 20%, and the outlook for 2024 remains positive with a focus on margin and sustainability.
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Solid H1 2024 results with 6% growth in revenue and adjusted EBITDA, net income of €55 million, and a 12% order book increase. Losses from legacy projects are being phased out, and guidance for full-year adjusted EBITDA margin is now 4%-5%.