Orascom Construction Reports 25.2% Growth in Consolidated Backlog to USD 5.2 billion and 10.7% Increase in Net Income to USD 32.2 million in Q3 2019
21 November, 2019
Consolidated EBITDA increased 16.9% y-o-y to USD 199.7 million and pro forma EBITDA including 50% in BESIX increased 15.3% y-o-y to USD 253.5 million in 9M 2019
Net income attributable to shareholders of USD 32.2 million in Q3 2019 and USD 93.7 million in 9M 2019
Net cash position of USD 63.4 million as of 30 September 2019 and positive operating cash flow of USD 79.1 million in 9M 2019
Consolidated backlog grew 25.2% y-o-y to USD 5.2 billion and pro forma backlog including 50% share in BESIX increased 26.2% y-o-y to USD 7.7 billion as of 30 September 2019
Consolidated new awards increased 81.6% y-o-y to USD 2.8 billion and pro forma new awards including 50% share in BESIX increased 48.4% y-o-y to USD 4.0 billion in 9M 2019
BESIX reported a standalone backlog of EUR 4.5 billion and new awards of EUR 2.1 billion in 9M 2019