full article

Orascom Construction Reports Backlog of USD 5.4 billion and Net Income of USD 25.0 million in Q1 2020

21 May, 2020

• Revenue increased 17.3% y-o-y to USD 827.6 million and EBITDA decreased 8.8% y-o-y to USD 64.1 million in Q1 2020
• Net income attributable to shareholders of USD 25.0 million in Q1 2020
• Net cash position of USD 114.3 million as of 31 March 2020
• Consolidated backlog grew 24.1% y-o-y to USD 5.4 billion and pro forma backlog including 50% share in BESIX increased 13.3% y-o-y to USD 7.9 billion as of 31 March 2020
• Consolidated new awards increased 24.7% y-o-y to USD 599.2 million and pro forma new awards including 50% share in BESIX increased 10.5% y-o-y to USD 946.9 million in Q1 2020
• BESIX reported a standalone backlog of EUR 4.6 billion and new awards of EUR 634.5 million in Q1 2020
• Shareholders approved a dividend distribution of USD 0.21 per share at the AGM