Actual News History Analyses Other





Friday December 21 2001
BAM NBM takes Kuin workforce over
Royal BAM NBM nv, Bunnik, is in talks with Kuin Bouw and Kuin Bouwonderhoud, based in Ede, on the takeover of around 50 staff. Kuin is currently running down its construction activities. With effect from 1 February 2002, new projects will be contracted under the Royal BAM NBM banner. The intention is for Royal BAM NBM to use the Kuin name when servicing the local market from the Ede office.

Friday December 7 2001
BAM NBM expects at least 55% higher net profit on ordinary activities in 2001
In line with previous forecasts for the whole of 2001, the Royal BAM NBM nv Executive Board confirms that the business is thriving. The amalgamation and integration of the BAM and NBM business units is progressing smoothly. The new organisation will be fully operational as from the beginning of 2002.

Thursday September 13 2001
BAM NBM had an excellent first half year
BAMBAM NBM said on Thursday it has raised its full year net profit forecast to a 55% growth from 40%. At the presentation of its half-year results, BAM reported a 17% rise in first-half net profit to euro 18.2 mln, year-on-year, while earnings per share for the same period rose to euro 1.77 from euro 1.55.

Monday May 21 2001
Royal BAM NBM confirms good progress and profit projection for 2001
At the Annual General Meeting of Shareholders, Koninklijke BAM NBM N.V. (Royal BAM NBM) expressed satisfaction with progress so far in 2001. The company has every reason to uphold the projection made at the end of March 2001 for a net profit in 2001 of Euro 35 million (after amortisation of goodwill totalling Euro 3 million).

Wednesday November 1 2000
BAM to split shares four-for-one
BAM on Wednesday announced a four-for-one share split in a bid to increase the liquidity of its shares on the AEX. Shareholders can vote on the split at an extraordinary shareholders meeting scheduled for December 7. BAM also said it was paying NLG 210 mln in cash for the acquisition of the construction arm of NBM Amstelland, announced in September.

Friday September 15 2000
Bam Groep H1 net profit up 26%
Bam Groep reported on Friday net profit for the first-half of 2000 increased 26% to EUR 9.6 mln, compared with net profit of EUR 7.6 mln the company booked in the comparible period of 1999. Turnover increased 15% from EUR 476.0 mln to EUR 549.0 mln. Operating income decreased 6% from EUR 12.9 mln to EUR 12.1 mln.

Friday September 1 2000
BAM buys NBM's construction arm
BAM announced on Friday that it is to buy the building and infrastructure operations of its sector peer NBM-Amstelland. Terms of the transaction were not disclosed. BAM-NBM will be the largest construction group in the Dutch market with annual turnover of NLG 5.6 bn and 13,000 staff. NBM-Amstelland will continue as a trading company and project developer with annual turnover of about NLG 3.7 bn.

Friday March 31 2000
Bam Groep net profit up 30%
Bam Groep reported on Friday net profit for 1999 increased 30% to EUR 19.5 mln, compared with net profit of EUR 15.0 mln the company booked in the comparible period of 1998. Turnover increased 13% from EUR 1,035.6 mln to EUR 1,166.1 mln. Operating income increased 24% from EUR 23.7 mln to EUR 29.5 mln. Earnings per share for 1999 increased 15% to EUR 8.27, compared with earnings per share of EUR 7.17 for 1998. BAM expects full-year net profit in 2000 to be up by at least 20%.

Friday January 14 2000
BAM Groep finalises Vos takeovers
BAM Groep announced on Friday that it has finalised the take over of Vos Elektrotechniek and Vos Elektromotoren of Apeldoorn. The transaction is paid for in cash. The two Vos units have combined turnover of NLG 10 mln and employ 55 people. The acquisition fit in BAM's strategy to expand its industry installation activities, the company said.

Monday December 13 1999
BAM raises profit forecast
BAM said on Monday it expected full-year net profit growth of at least 25% compared with 1998. In September the company forecast a net profit growth of 20% for 1999. The company said that the prospects for 2000 were favourable, based on its well-filled order portfolio.

Friday December 3 1999
BAM in talks with Vos on takeover
BAM said on Friday it is in takeover talks with Vos Electrotechniek and Vos Electromotoren. The Vos companies have combined turnover of NLG 10 mln and emply 55 people. The deal will be paid for in cash.

Thursday September 16 1999
BAM reports H1 net up 23%
Construction group BAM reported on Thursday net profit for the first-half of 1999 increased 23% to NLG 16.8 mln, compared with NLG 13.7 mln the company booked for the first-half of 1998. Turnover increased with 9% to NLG 1 bn. Operating income increased with 30% from NLG 22.1 mln to NLG 28.5 mln. Income before tax increased almost 30% from NLG 20.9 mln to NLG 26.1 mln.

Monday July 5 1999
BAM finalises Lintzen takeover
BAM has finalised the takeover of road builder Lintzen of Sittard for an undisclosed sum. Lintzen has annual turnover of NLG 60 mln and employs 225 people. BAM said Lintzen's activities fit in BAM's strategy to strengthen its division infra-structure. The acquisition was paid for in cash.

Tuesday May 11 1999
BAM issues to finance acquisitions
BAM Group said on Tuesday it is taking over the units 'Infra en Milieu' and Hoka from Vissers. To finance the acquisition BAM will issue ordinary shares. The new acquisitions will contribute to BAM's earnings in 1999, the company said. The units have combined turnover of NLG 125 mln and employ around 440 people. BAM will finance the acquisition partly in cash and partly with shares. For this purpose, 42,316 ordinary shares will be issued at EUR 53.62.

Thursday April 15 1999
BAM wants to sell Fourisol
BAM Groep said on Thursday it is negotiating with Balliauw Stellingbouw of Verrebroek, Belgium on the sale of BAM's subsidiary Fourisol of Antwerp. Fourisol has annual turnover of around NLG 30 mln and employs 210 people. BAM said it no longer regards Fourisol part of its core activities.

Wednesday April 7 1999
BAM Groep net profit up 41%
Bam Groep reported on Wednesday net profit for 1998 increased 41% to NLG 33.0 mln, compared with net profit of NLG 23.4 mln the company booked in the comparible period of 1997. Turnover increased 42% from NLG 1,607.7 mln to NLG 2,282.2 mln, largely due to acquisitions in the Netherlands and abroad. Operating income increased 37% from NLG 38.1 mln to NLG 52.3 mln.

Wednesday January 13 1999
BAM reports turnover up 37%
BAM Groep chairman W. van Vonno said on Wednesday that BAM booked 1998 turnover of approx. NLG 2.2 bn, an increase of 37% compared with the NLG 1.61 bn turnover the company booked for 1997. The increase of NLG 592 mln is partly from acquisitions (NLG 400 mln) and partly from organic growth (NLG 200 mln).

Monday November 30 1998
BAM buys Batenburg unit
Batenburg Beheer is to sell its electrical engineering unit Elektrotechnisch Installatiebedrijf Batenburg to BAM. The Batenburg unit had 1997 turnover of NLG 30 mln a workforce of 177.

Friday November 20 1998
BAM finalises private placement
BAM Groep has finalised a private placement of 205,000 new shares that was managed by Kempen & Co. The proceeds will be used to finance the takeover of contractor Heiligers of Amersfoort. The new shares, which will be listed on the Amsterdam stock exchange, were sold at a price of NLG 123.50 to both foreign and domestic investors. BAM said the acquisition of Heiligers will contribute to earnings immediately. Heiligers expects turnover of NLG 150 mln this year.

Wednesday September 23 1998
BAM Groep H1 net profit up 65%
Bam Groep reported on Wednesday net profit for the first-half of 1998 increased 65% to NLG 13.7 mln, compared with net profit of NLG 8.3 mln the company booked in the comparible period of 1997. Turnover increased 57% from NLG 644.9 mln to NLG 1,014 mln. Autonomous growth accounted for 32% of turnover growth.

Wednesday May 20 1998
BAM takes over Interbuild
BAM has taken over Belgian builder Interbuild. Financial details of the transaction were not provided. BAM said it would pay for the acquisition in cash. Interbuild expects to book sales of some NLG 150 mln this year. The company has 260 workers.

Friday April 3 1998
BAM reports strong recovery
BAM reports net profit for 1997 increased to NLG 23.4 mln, compared with a loss of NLG 7.8 mln the company booked in 1996. Turnover remained unchanged at NLG 1,608 mln, despite several consolidated acquisitions. BAM said the flat turnover was due to delays in a number of projects. Operating result increased with 43% from NLG 26.7 mln to NLG 38.1 mln.

Monday February 2 1998
BAM takes over bankrupt builder Habo
BAM is taking over most of the activities of the bankrupt construction and property development company Habo. Around 65 people of the 90 people working at Habo will retain their jobs. The order portfolio of Habo is valued at NLG 25 mln. BAM will integrate the operations it is taking over into a new subsidiary called BAM Habo.

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