Koninklijke BAM Groep (BAMNB) Q1 2026 TU earnings summary
Event summary combining transcript, slides, and related documents.
Q1 2026 TU earnings summary
7 May, 2026Executive summary
Revenue and adjusted EBITDA increased year-over-year in Q1 2026, marking a solid start to the year.
Both divisions and Belgium contributed to higher adjusted EBITDA, with Construction UK showing improved profitability.
The acquisition of Gebroeders Blokland strengthened the Dutch residential development pipeline to about 30,000 homes.
Order book remained robust at €13.0 billion, with key project wins in energy transition and defence.
Financial highlights
Revenue and adjusted EBITDA rose compared to Q1 2025.
Solvency further improved and cash position remains robust.
Trade working capital efficiency remained largely unchanged.
Outlook and guidance
Outlook for 2026 reiterated, expecting further growth in revenue and adjusted EBITDA.
Strong market opportunities anticipated in energy transition, infrastructure, defence, and sustainable housing.
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