But contractor admits confidence has 鈥榙eclined鈥� in wake of dire economic forecast
Revenue from Bam鈥檚 building and civils businesses stayed flat in the first half of the year with the pair posting improved profits during the period.
The UK is one of three core countries for the Dutch contractor, along with its native Netherlands and Ireland.
The firm has undergone a restructure in the past few years, closing its International business, which worked mainly outside Europe in places such as Africa and the Gulf, pared back its business in Belgium and closed its German division which includes selling its Wayss & Freytag tunnelling arm, which worked on the Crossrail scheme, to German firm Zech 黑洞社区 for 鈧�50m (拢42m).
In half year results for the six months to June, Bam said combined revenue from building and civils in the UK hit 鈧�1.1bn (拢927m), flat on last year鈥檚 figure. But profit from the pair increased 8% to 鈧�41.4m (拢35m). It added the order book from its UK and Ireland business slipped 7% to 鈧�6.1bn (拢5bn).
Bam said the outlook for the UK remained 鈥減ositive鈥� especially in public sector spending but admitted that, in the wake of a predicted 15-month recession, the 鈥渂usiness and consumer confidence [in the country] have declined鈥�.
Group revenue fell 8% to 鈧�3.3bn (拢2.8bn) which the firm said was down to selling parts of its business in Belgium. Pre-tax profit was up 67% to 鈧�109m (拢92m).
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