20 May, 2019

BAM Nuttall 2018 Results and Accounts

Financial Report

Financial summary

• Revenue of £750m • Operating profit of £25m • Profit before tax of £26m

Operational highlights

• Further improvement in an already strong safety performance; 30% reduction in RIDDOR reportable incident frequency; 50% reduction in total person-days lost to work-related incidents. • Reduction in gender pay gap mean, median and bonus figures; improved gender balance across all population quartiles. • CO2 and waste intensity reducing year on year.

Commenting on the 2018 results, Chief Executive Steve Fox CBE said: “This solid business performance reflects the diligent application of our strategy. We continue to choose to partner with customers and suppliers who align with our objectives, in a market that remains challenged by many factors, Brexit amongst them.

It’s encouraging to see an already strong safety performance improve further in 2018, with reportable injuries now occurring at less than 1 in 1.4 million worked hours. Our work to eliminate forward-tipping dumpers and causes of vibration-related illness, are having a profound impact across the industry and our desire to improve and maintain positive mental health and wellbeing is undimmed.

As a passionate advocate for improved gender representation in our sector, I’m particularly proud of the positive change in our gender pay gap. For a number of years we've been preparing the ground for this culture change, and our 2018 performance aligns with our aspiration to be the destination of choice for diverse talent in the infrastructure sector.

BAM Nuttall draws on Royal BAM Group’s work in sustainability and innovation to shape our customer offering, and we collaborate across markets to modernise and develop the industry. Leveraging the combined capability of the Group is a strategic differentiator in the UK, and these results demonstrate that we continue to deliver against the One BAM purpose of ‘creating sustainable environments that enhance people’s lives’.”

– Ends –

Notes to Editor

For further information please contact BAM Nuttall, along with BAM Construct UK and BAM PPP in the UK, is one of Royal BAM Group’s ten operating companies. BAM is one of Europe’s largest contracting companies, delivering exceptional engineering, design, construction, property management and investment services. Royal BAM Group’s turnover is £7billion annually, employing approximately 20,000 people globally.

Working with a diverse range of public and private sector customers, BAM Nuttall has a worldwide reputation for delivering exceptional civil engineering achievements spanning rail, marine, tunnelling, highways, and energy and water schemes. Clients include Network Rail, Highways Agency; Environment Agency; National Environment Research Council at British Antarctic Survey; Thames Tideway Tunnel and Olympic Delivery Authority.

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