The UK civils division again proved to be the engine room, generating £41m profit on £800m revenue achieving an EBITDA margin of 5.2%.
The BAM Nuttall civils arm enjoyed a strong performances across its rail, energy transition and infrastructure work.
Total revenue across BAM’s UK and Ireland operations rose 5% to £1.46bn in the first half to June. Group adjusted EBITDA for the region hit £58m, up from £44m a year ago, boosting overall margin to 4%.
The standout recovery came in Construction UK, where a more selective bidding strategy and the wrap up of its problem Co-op Live arena contract helped steer the division to a 1.6% margin on revenue of £452m.
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In Ireland, margins dipped slightly but remained solid, with adjusted EBITDA of £14m on £232m revenue – a 5.9% margin – helped by housing work for the Land Development Agency and ongoing progress on the landmark National Children’s Hospital in Dublin.
The overall UK and Ireland order book edged up 2% to £6.4bn at the half-year point. BAM said it remains focused on targeting projects with a strong risk/reward balance, particularly in infrastructure and energy sectors, where upcoming government investment is expected to drive further growth.
