BAM Abbreviated Annual Report 2011 - Siteseeing in the world of ...

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Civil engineering Key figures for the civil engineering sector (x €million) 2011 2010 Revenue 3,834 3,659 Result before tax 91.9 102.6 Margin before tax 2.4% 2.8% Order book (year-end) 5,087 5,517 Soil decontamination, site preparation, arrangement of infrastructure and re-designation of the Olympic Park, London. BAM Nuttall. Insert: Widening and improvement of the Zwolle-Meppel section of the A28 motorway, the Netherlands. BAM Civiel, BAM Infratechniek, BAM Wegen, BAM Infraconsult.
Royal BAM Group operates in the Dutch, Belgian, British, Irish and German civil engineering markets. BAM International undertakes specialist construction and civil engineering projects worldwide. The BAM Group set up Infraprojectmanagement (civil engineering project management) during the year to guarantee fully integrated coordination of large-scale multidisciplinary civil engineering projects. Although the Dutch civil engineering companies recorded higher total revenues in 2011, overall results were lower on account of the market conditions. Although the volume of new business in the civil engineering market remains reasonable, there is severe pressure on prices because of fierce competition. Accordingly, BAM has adopted a selective contracting policy, which led to a decrease in the size of the order book in 2011. In the United Kingdom, there was a sharp rise in revenues in 2011 due to work starting on several large contracts awarded in 2010. However, with margins under competitive pressure, the result in 2011 was lower. Following the successful acquisition of a number of large infrastructure projects in London, the size of BAM Nuttall’s order book at the end of 2011 was in line with year-end 2010. The revenues of the Belgian civil engineering companies also rose significantly in 2011 in comparison with the previous year and the results, too, increased. The order book of the Belgian civil engineering companies is healthy for the time being. In Ireland, the revenues of BAM Contractors decreased again in comparison with the previous year. Despite this fall in revenues, thanks to decisive cost control measures BAM Contractors remained in profit in 2011 as well. Revenues at the German civil engineering company were lower in 2011. There was a small positive result. The overall order book decreased due to the strictly selective tender policy. Wayss & Freytag Ingenieurbau remains well placed for the coming year. As expected, BAM International realised higher revenues and recorded a result comparable with that of the previous year. The order book increased further and will underpin growth in the coming years in global niche markets. In particular, the cooperation with Clough in Australia offers good opportunities. 81 2011
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2011 Abbreviated Annual Report
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Key figures (in €million, unless
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Foreword Royal BAM Group nv hereby
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Outlook Royal BAM Group started 201
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Construction and mechanical and ele
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Better results are generally accomp
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2. Optimum exploitation of strength
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24 22 20 18 16 14 12 10 8 6 4 2 0 S
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Dividend policy Dividend policy and
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Report by the Supervisory Board to
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Fotobijschrift: 19 2011
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eported in each case on the state o
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Multipurpose complex for care and s
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and reported to the Supervisory Boa
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27 2011
Page 31 and 32: to the financial objectives (maximu
Page 33 and 34: The variable remuneration actually
Page 35 and 36: The graduated scale shown below app
Page 37 and 38: The company has no other remunerati
Page 39 and 40: C.M.C. Mahieu (1959) Ms Mahieu grad
Page 41 and 42: Financial results Report by the Exe
Page 43 and 44: Result per ordinary share The numbe
Page 45 and 46: Oman Botanical Garden, Muscat. BAM
Page 47 and 48: of €16 million and a super divide
Page 49 and 50: financial year and the subsequent f
Page 51 and 52: manner with regard to the other mem
Page 53 and 54: Sporen in Arnhem: modernisation and
Page 55 and 56: Approximately 130 metres-high ‘De
Page 57 and 58: Netherlands with a remaining term m
Page 59 and 60: N218 Hartel canal cycle bridge (600
Page 61 and 62: On the one hand, the operating comp
Page 63 and 64: ensure that it consistently and eff
Page 65 and 66: carrying out this project but was n
Page 67 and 68: Corporate Social Responsibility Pol
Page 69 and 70: Green walls and roofs of the BSH In
Page 71 and 72: Worker participation European Works
Page 73 and 74: y 7.7 percent in 2012. On the other
Page 75 and 76: Royal BAM Group is active in the co
Page 77 and 78: 18 homes in the Elzenhagen neighbou
Page 79 and 80: The company continued to perform st
Page 81: Four school buildings for Alfons Ke
Page 85 and 86: Underground high-voltage link for t
Page 87 and 88: Design of quay wall and mooring jet
Page 89 and 90: Renovation and expansion of Tottenh
Page 91 and 92: Silberberg Railway Tunnel (7.4 kilo
Page 93 and 94: Laela-Sumbawanga road improvement p
Page 95 and 96: The Dutch property activities recor
Page 97 and 98: Redevelopment of a former domestic
Page 99 and 100: 97 2011
Page 101 and 102: BAM PPP is responsible for Royal BA
Page 103 and 104: Tebodin Consultants & Engineers is
Page 105 and 106: Financial statements 2011 104 Conso
Page 107 and 108: Consolidated income statement (x
Page 109 and 110: Consolidated statement of equity (x
Page 111 and 112: Company balance sheet at 31 Decembe
Page 113 and 114: The Supervisory Board shall determi
Page 115 and 116: 113 2011
Page 117 and 118: Royal BAM Group nv Royal BAM Group
Page 119 and 120: 2006 2005 2004 2003 1 2002 IFRS IFR
Page 121 and 122: 119 2011
Page 124: Royal BAM Group nv Runnenburg 9 398
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