Annual results from Dutch parent company Royal BAM Group reveal that its revenue from construction and property businesses in the UK in 2019 dipped slightly to €1,061 (2018: €1,070) but operating profit grew by more than 12% to €35.7m (2018: €31.8m).
From UK civil engineering activities, however, the BAM Nuttall business, revenue was up 4% at €876m (2018: €843m) but the operating profit was down 15% to €23.0m (2018: €27.0m)
“In the UK, the longer term impact of Brexit is still uncertain,” the directors said.
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