A track record in Operations & Maintenance & high quality property management

We have secured a number of multi-year O&M contracts for projects on which the Group is also the contractor. Current O&M contracts span several sectors such water treatment, wastewater treatment, water desalination and transportation. We recognized a gap in the Egyptian market for a high-quality facility management company. To fill this growing need, Orascom construction invested in Contrack FM and Orascom Industrial Parks (Orascom-IP).

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

26 August, 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