Covid and problem jobs send Bam nosediving to £200m loss

By Dave Rogers2021-02-18T08:01:00

Revenue at firm’s UK civils arm outstrips that of traditionally larger building business

Revenue at Bam’s UK civil engineering business outstripped that of its traditionally larger building arm last year as covid and other losses sent the pair’s Dutch parent nosediving to a €237m (£206m) pre-tax loss.

Income from Bam’s building arm slumped 16% to €894m (£777m) with the business, which recently signed the deal to build a new studios complex for Sky in Hertfordshire, racking up an adjusted pre-tax loss of €3.3m (£2.9m) from a €35.6m (£31m) profit in 2019 – although the division bounced back from an €18.3m (£16m) loss in the first half to turn in a €15m (£13m) profit in the last six months of 2020.

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