Orascom Construction Reports 18.1% Increase in 9M 2017 Adjusted EBITDA to USD 213.1 million
21 November, 2017
EBITDA increased 18.9% y-o-y to USD 165.6 million in 9M 2017 and 34.3% y-o-y to USD 54.5 million in Q3 2017
Adjusted EBITDA including 50% share in BESIX increased 18.1% y-o-y to USD 213.1 million in 9M 2017
Net cash position maintained at USD 211.4 million as of 30 September 2017
Significant pick-up in new awards during the third quarter in MENA and USA compared to H1 2017; the Group signed a total of USD 788.7 million in Q3 2017 compared to USD 747.3 million in H1 2017
Backlog of USD 4.8 billion as of 30 September 2017 and USD 6.7 billion including 50% share in BESIX
New awards of USD 1.5 billion in 9M 2017 and USD 2.5 billion including 50% share in BESIX
BESIX reports a standalone backlog of EUR 3.2 billion and new awards of EUR 1.8 billion in 9M 2017