Royal BAM Group : Moving towards structural >5% adj. EBITDA margins
>Q3 2024 underlying EBITDA margin actually showing progress - Yesterday’s Q3 results were, in fact, encouraging at the adj. EBITDA margin level. We realize that we wrote in our First Take that the results were disappointing but during the analyst call BAM management explained the impact of the delays with the Danish schools and the issues in BAM Construct UK. And these were more material than we had assumed, c. €15m is our guestimate. As these effects are transitory, ...Koninklijke Bam is a construction group based in the Netherlands. Co. is active in the sectors construction, property, civil engineering, public private partnerships, mechanical and electrical contracting, consultancy and engineering, and facilities management. Co. maintais market positions in the Netherlands, Belgium, the United Kingdom, Ireland and Germany. Co. undertakes specialist construction and civil engineering projects in niche markets worldwide. Co.'s consultancy and engineering company provides services to global clients with their international operations.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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