Trading update says UK performing ‘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 (£4.5bn) with adjusted earnings up to €223m (£189m) from €37.5m (£32m) in 2020.

Bam (3)

Bam will publish its 2021 results next February

The firm said trading in the UK and Ireland was “satisfactory” 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 (£5.6bn) with adjusted earnings standing at €223m (£170m).

The firm will publish its annual results next February.