Report
Martijn Den Drijver

Royal BAM Group : Preview Q1 2024: a good start of the year despite headwind in resi

>Q1 EBITDA margin ever so slightly up YoY - BAM will report Q1 2024 earnings on Thursday May 2nd. It is a trading update so will BAM not report quantitative data on the sales and EBITDA of all divisions or a full P&L, balance sheet and cash flow. It will only report sales, adj. EBITDA, trade working capital, the capital ratio, liquidity and the orderbook. We forecast sales of €1.40bn, down marginally from the €1.45bn reported in Q1 2023. We pencil in an adjusted EBITD...
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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