{"id":826884,"date":"2025-02-14T07:11:34","date_gmt":"2025-02-14T13:11:34","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/14\/bam-construction-suffers-40m-loss-after-co-op-live-setback\/"},"modified":"2025-02-14T07:11:34","modified_gmt":"2025-02-14T13:11:34","slug":"bam-construction-suffers-40m-loss-after-co-op-live-setback","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/02\/14\/bam-construction-suffers-40m-loss-after-co-op-live-setback\/","title":{"rendered":"BAM Construction suffers \u00a340m loss after Co-op Live setback"},"content":{"rendered":"
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Royal BAM did not quantify the loss on the job as it blamed project delays and supply chain issues for the poor performance of the BAM Construction UK business.<\/p>\n

In a challenging year for the building business revenue also slipped by 13% to \u00a3755m.<\/p>\n

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In stark contrast, the BAM Nuttall civils business continued to thrive, driven by HS2 and energy transition work.<\/p>\n

Civil engineering reported a 24% uplift in EBITDA to \u00a380m on turnover ahead 15% to \u00a31.312bn for 2024.<\/p>\n

This translates into a strong trading margin of 6% for BAM Nuttall.<\/p>\n

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The overall performance of BAM\u2019s operations in the UK and Ireland remains solid, with significant gains reported over the previous year.<\/p>\n

The company\u2019s order book has skyrocketed by 58%, now standing at around \u00a36bn across the regions.<\/p>\n

Despite the setback at BAM Construction, Ruud Joosten, CEO of Royal BAM Group, said he remained optimistic about growth prospects for the UK market.<\/p>\n

Joosten said: \u201cEnergy remains a focus of the UK Government, which has recently issued the Clean Power Action plan to speed up planning decisions to help the energy chain gear up for delivery.<\/p>\n

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\u201cFurthermore, negotiations have begun with the shortlisted bidders for the Small Modular Reactor programme and BAM participates in this process with Rolls Royce.<\/p>\n

\u201cThe New Hospital Programme in the UK will be put on a more sustainable and deliverable footing.<\/p>\n

\u201cIn the first half of 2025, further announcements from the UK Government are expected, including the long-awaited ten-year Infrastructure Plan and the outcomes of the Strategic Defence Review and the Spending Review, which will determine capital spending for the next five years.\u201d<\/p>\n

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Read More<\/a>
\n Aaron Morby<\/p>\n","protected":false},"excerpt":{"rendered":"

Royal BAM did not quantify the loss on the job as it blamed project delays and supply chain issues for the poor performance of the BAM Construction UK business. In a challenging year for the building business revenue also slipped by 13% to \u00a3755m. In stark contrast, the BAM Nuttall civils business continued to thrive<\/p>\n","protected":false},"author":1,"featured_media":826885,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2808,841],"tags":[],"class_list":{"0":"post-826884","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"category-suffers"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/826884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=826884"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/826884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/826885"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=826884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=826884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=826884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}