Report
Martijn Den Drijver

Royal BAM Group : Preview 4Q21: Claim settlements swing factor in earnings

>Yes or no material loss provisions in 4Q21 - BAM will publish its FY21 and 4Q21 results on February 17 before the market opens. An analyst meeting is scheduled at 10h CET, which will be webcast. For FY21 as a whole we forecast sales of €7.23bn (cons at €7.20bn), which is up 6.1% versus 2020. We forecast an adjusted EBITDA of €279.5m or a margin of 3.9% (cons at €282.3m or a margin of 3.9%) versus an EBITDA of €201m in 2020 (or an adj. EBITDA margin of 2.9%). Include...
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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