Orascom Construction Reports Backlog of USD 5.4 billion and Net Income of USD 34.8 million in H1 2020


  • Revenue increased 8.2% y-o-y to USD 1.6 billion in H1 2020 and consolidated EBITDA decreased 30.3% y-o-y to USD 99.3 million in H1 2020
  • Net income attributable to shareholders of USD 9.8 million in Q2 2020 and USD 34.8 million in H1 2020
  • Net cash position of USD 309.4 million as of 30 June 2020 and positive operating cash flow of USD 53.2 million in H1 2020
  • Consolidated backlog grew 17.7% y-o-y to USD 5.4 billion and pro forma backlog including 50% share in BESIX increased 8.1% y-o-y to USD 7.9 billion as of 30 June 2020
  • Consolidated new awards decreased 6.4% y-o-y to USD 1.3 billion and pro forma new awards including 50% share in BESIX decreased 18.0% y-o-y to USD 1.9 billion in H1 2020
  • BESIX reports a standalone backlog of EUR 4.5 billion and new awards of EUR 1.1 billion in H1 2020
  • A dividend of USD 0.21 per share was distributed to shareholders in August 2020

H1 2020 Results Press Release