Home Who we are What we do Our Projects Careers News Contact Us Zoek Home › Adjusted pre-tax result of €34 million in 2020; new strategic plan for 2021-2023 Adjusted pre-tax result of €34 million in 2020; new strategic plan for 2021-2023 18 February 2021 07:15 - Royal BAM Group nv After the disappointing first half year Royal BAM Group recorded an adjusted result before tax of €168 million over the second half of 2020, supported by €118 million of the BAM PPP transaction. For the full year, BAM reports a net loss of €122 million, mainly driven by Covid-19 and the loss of €110 million at BAM International. Apart from Dutch Construction and Property, and BAM PPP, the operational performance was not satisfactory. The execution of the €100 million cost reduction programme announced in September is on schedule. During the second half year, there was further improvement of the cash position and the order book. The new strategy for 2021-2023 will lead to a smaller but profitable and predictable company, while creating a sustainable platform for future growth. BAM will provide its outlook for 2021 in due course. Good results from Dutch Construction and Property, mainly driven by residential, and BAM PPP BAM PPP transactions contributed €132 million to the full year adjusted result before tax, going forward BAM PPP is classified as joint venture Strong positive cash flow development; year-end cash position at €1.8 billion (including €400 million RCF) Order backlog maintained at high level with continued focus on risk/reward balance Capital ratio improved to 13.4% versus 11.3% in first half-year, supported by the BAM PPP transaction Cost reduction programme on schedule to reach annual savings of €100 million New strategy 2021-2023: restructure portfolio, increase profitability and create sustainable platform for future growth Click here for the full press release This element cannot be loaded because you have not given permission to place cookies. Allow cookies Previous Back Next Connect with us Facebook LinkedIn Twitter YouTube Our Reports App Store Google Play Integrated Report Miscellaneous Accessibility BAM PPP UK Tax Policy Health & Safety Policy Privacy Policy Site Map Use of Cookies Contact Enquiries Office Locations Head office Regulierenring 35 3981 LA Bunnik The Netherlands Postbus 20 3980 CA Bunnik The Netherlands T +31 (0)30 659 89 00 E info.ppp@bam.com W www.bamppp.com BAM PPP bv is a company registered in the Netherlands with Trade Register Number 30205198. Registered office at Runnenburg 9, 3981 AZ Bunnik, The Netherlands. Copyright © 2021 BAM PPP bv All rights reserved. On this website we use cookies and similar techniques. They are placed by ourselves but also by third parties whose services we use. The cookies are used to analyse and optimise the use of the website and its content. Accept Decline More information