Firm gives no further update on how much it has lost on Co-op Live scheme
Group revenue at Bam was up to more than 鈧�4.5bn (拢3.7bn) in the first nine months of the year but said its earnings were hit by delays on school jobs in the UK and Denmark.
In a third quarter update, the firm, which is listed on the Dutch stock exchange, said income rose 2% to 鈧�4.6bn (拢3.8bn) with adjusted earnings, which excludes restructuring costs, impairments and one-off pensions costs, up 2% to 鈧�203m (拢169m).
But chief executive Ruud Joosten said earnings had been affected by 鈥減roject delays and supply chain issues at school projects in Denmark and Construction UK鈥�.
It said the firm鈥檚 civils business in the UK, Bam Nuttall, 鈥渄elivered strong results鈥� and added there was an 鈥渁ttractive pipeline鈥� of education work in the UK.
The firm gave no update on its job to build the Co-op Live area in Manchester.
Earlier this year, the boss of Co-op Live said Bam has 鈥渓ost a lot of money鈥� on the scheme, saying the cost of the project had gone up from 拢365m to 拢450m.
In its interim results in August, the Dutch contractor said UK construction racked up a 鈧�23.6m (拢19.7m) loss during the period which it blamed on project delays and supply chain issues 鈥渁nd included a substantial loss in the second quarter of 2024 for Co-op Live in Manchester鈥�.
Bam will announce its 2024 results on 13 February.
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