BAM UK profit margin ticks up to 2.8%

Aaron Morby 6 years ago
Share

Pre-tax profit margins at BAM’s combined building, civil engineering and property activities climbed to 2.8% from 2% in the first half of the year.

Royal BAM ceo Rob van Wingerden says outlook in UK is still good despite Brexit uncertainty
Royal BAM ceo Rob van Wingerden says outlook in UK is still good despite Brexit uncertainty

While UK revenue slipped slightly back to £817m, mainly due to project phasing, pre-tax profits rose nearly 40% to £23m.

BAM Nuttall revenue rose to £360m delivering around £11m of total UK profit, up from around £7m in the same period last year.

BAM Construct revenue slipped from £500m in the first half of 2017 to just over £450m, while profit rose to nearly £13m.

Royal BAM revealed that BAM Construct has recently benefitted from the collapse of Carillion, picking up orders from Argent at Paradise Square in Birmingham and the King’s Cross development in London.

Its property arm in joint venture with TCP Developments and LGIM Real Assets (Legal & General) also awarded the building business the contract to build the £100m  Atlantic Square office development in Glasgow.

As a result the UK order book rose to just below £1.4bn.

Rob van Wingerden, CEO, said: “We are seeing supply chain pressure in some areas and we are largely managing that through procurement arrangements or agreed cost escalation with clients.

 

Latest news

Demolition giant John F Hunt Group sold to staff

Chairman John Hall to remain at helm
17 hours ago

University of Warwick advances £700m campus plan

Enabling works to get underway for main build works next year
23 hours ago

Go-ahead for £750m East London data centre

Urban 11-storey data centre to be built next to River Lea and A13 in Newham
2 days ago

Keltbray Infrastructure Services buys Linbrooke rail arm

First deal since infrastructure business was bought by private equity this summer
2 days ago

Elizabeth Line wins Stirling Prize for architecture

Infrastructure scheme wins premier design prize
22 hours ago

Winners named for Worcestershire and West Mids framework

Deal covers development work from design to construction
22 hours ago

Piling starts on HS2 Curzon Street Station

Mace Dragados Joint Venture and Keltbray working on Birmingham site
22 hours ago

M Group joins top seven as revenue jumps to £2.2bn

Infrastructure services specialist continues to hunt acquisitions
2 days ago

BlackRock to take control of Lanes Group

Takeover of leading water contractor to complete this month
2 days ago

Yorkshire and Lincolnshire builders’ merchant goes under

1928-founded Builders Merchant Company hit by winding up petition
2 days ago

Trio wins £170m West Country new build housing deal

Curo Enterprise, E.G. Carter and Speller Metcalfe Malvern
2 days ago

Roofer dies in fall from potato box on forklift

Court hears how victim fell 16ft from makeshift platform
2 days ago

Clancy bolsters senior management team

Skanska project director Jon Arnold joins as operations director of energy
2 days ago

High tech construction plant could save country £417bn

Costain report says kit which connects and drives itself will provide a massive economic boost
3 days ago

Concrete frame defects cost Bellway another £14m

Cost of repairing Greenwich scheme rises while £5.4m was spent on aborted Crest Nicholson chase
3 days ago

Green light for 52-storey Isle of Dogs resi tower

460 flats One East Point project will be built at 3-4 Harbour Exchange
3 days ago

Contractors urged to “hire now” as labour supply crunch looms

Vacancies rise and wages grow as fight for new workers intensifies
3 days ago

Kier confirmed for £20m Yasa Motors Bicester HQ

Developer Bicester Motion advances future mobility business park
4 days ago

Data centres and airport expansion to spur growth

Government hails £25bn data centre and £1.1bn Stansted Airport expansion plan
4 days ago

Hinkley Point second reactor unit build up to 30% faster

Engineering team lifts last giant steel ring onto reactor 2 yesterday
3 days ago

BAM reassures supply chain after winding-up petition

Firm's credit rating temporarily affected after dispute with supplier
4 days ago

Winvic secures Leeds build to rent scheme

Phase one of £500m Sweet Street South Bank regeneration starts
4 days ago

£60m turnover construction group sold to staff

Meldrum Construction Services Group becomes Employee Owned Trust
4 days ago

Starmer vows to “rip out” obstacles to investment

Prime Minister to make pledge at inaugural International Investment Summit
4 days ago

VolkerFitzpatrick starts prep-work for £210m M3 junction upgrade

Main works to begin in early 2025 on Winchester junction job
4 days ago

London super sewer turned on after eight years of construction

£4.5bn project starts protecting River Thames from pollution
4 days ago

Housing and office new work jump fuels output recovery

August new construction work rebounds 1.6% after early summer fall
7 days ago

£300m London City fringe office tower approved

Rocket's 27-storey One Fairchild Street job set for take-off
1 week ago

Consultants named for London Tube Bakerloo Line extension

Aecom and architect WW+P to work up designs for four new stations
7 days ago

15 giant bridge beams lifted into place at HS2 station

Balfour Beatty VINCI carries-out civils work for Solihull station: Video
1 week ago

Contractor services