Koninklijke BAM Groep NV

Koninklijke Bam Groep NV reported a 36% increase in adjusted EBITDA to EUR240 million for the first half of 2026, with revenue rising 3% to EUR3.5 billion. The adjusted EBITDA margin improved to 6.9% from 5.2% a year earlier, while net result climbed 25% to EUR127 million and earnings per share reached EUR0.49. The Netherlands division saw a 25% increase in adjusted EBITDA to EUR138 million on a 3% revenue gain, and the UK & Ireland division posted a 48% jump in adjusted EBITDA to EUR98 million on a 4% revenue increase. The company maintained a high order book of EUR12.6 billion, with the Dutch order book up 7% to EUR6 billion and the UK & Ireland order book declining to EUR6.1 billion due to the timing of major civil project awards. Cash flow from operations was EUR211 million, contributing to a cash position of EUR750 million and a net cash position of EUR300 million after lease liabilities, while solvency stood at 22.9%.