Koninklijke BAM Groep nv

Koninklijke BAM Groep nv Earnings Recaps

BAMNB.AS Industrials 1 recap
Next earnings: February 18, 2027 (estimated) · full calendar
Q2 2026 Aug 3, 2026

BAM's first half 2026 results outpaced expectations with an 8.7% stock gain, driven by strong margin expansion and improved profitability across both operating divisions.

Key takeaways
  • Revenue rose 3% to EUR 3.5 billion, supported evenly by the Netherlands and UK/Ireland divisions.
  • Adjusted EBITDA surged 36% to EUR 240 million, lifting margins to 6.9% from 5.2% a year ago.
  • The Netherlands division saw adjusted EBITDA rise 25% to EUR 138 million, with margin improving to 8.2%, aided by a 35% increase in home sales to 935 units.
  • UK & Ireland division's adjusted EBITDA grew 48% to EUR 98 million, reaching a 5.7% margin, bolstered by claims settlements and strong project execution.
  • The order book remained healthy at EUR 12.6 billion, supporting continued delivery against a balanced risk-reward approach.
Full recap

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