BAM issues profit warning
Building group BAM on Monday issued a profit warning for a €75m loss on two building projects.
The losses will be incurred on infrastructure projects in Germany and the UK. In both cases, the company was faced with higher costs because of the state of the ground and, in the case of the UK, by the winter storms.
CEO nico de Vries said in a statement he is ‘very disappointed to have to report this negative development’.
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