Report
Martijn Den Drijver

Royal BAM Group : Positive macro data + first large bundled contract

>New houses sold up in NL in Q4 2023 after 8 quarters of decline - Yesterday the Dutch Office of Statistics published data about new home sales for Q4 of 2023. New home sales in that period amounted to 6,500, which represents a plus of 15% relative to the same quarter of 2022. This follows a period of constant declines since Q1 2022. Although one swallow does not make a summer, the increases in new homes sold follows on the first increase (sequentially, not year on ye...
Underlying
Koninklijke BAM Groep NV

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.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Martijn Den Drijver

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