BAM sees profit in UK

BAM’s three UK operations managed to increase joint profits in 2012 by £5.3m despite a drop in turnover of just over £100m, the company reported today.

Two of the Dutch company’s UK operations – BAM Construct UK and BAM Nuttall – both saw profits increase considerably. At BAM Construct UK they rose by 20.1% to £13.9m, while at BAM Nuttall they rose by 22.3% to £18.1m.

Only at the much smaller BAM PPP did profits dip slightly from £3.1m to £2.7m, although it was the only one of the three operations where turnover stayed roughly stable at £55.8m, £38m of which was construction turnover.

Martin Rogers, a member of the executive board of Royal BAM Group, said profitability had improved “primarily as a result of careful market positioning, project selectivity and improved risk management and project execution”.

“Although their turnover in 2012 was lower than the previous year, combined revenue of £1.7bn is evidence that the BAM brand is a significant force in the UK construction sector,” he said.

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