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Orascom Construction Reports Backlog of USD 5.5 Billion and Revenue of USD 1.6 Billion in H1 2023

30 August, 2023

  • Revenue of USD 1,563.5 million, consolidated EBITDA of USD 150.7 million and net income attributable to shareholders of USD 98.7 million in H1 2023
  • Net cash position of USD 163.1 million as of 30 June 2023
  • Consolidated backlog of USD 5.5 billion and pro forma backlog including 50% share in BESIX of USD 8.5 billion as of 30 June 2023
  • Consolidated new awards of USD 1.6 billion and pro forma new awards including 50% share in BESIX of USD 2.6 billion in H1 2023
  • BESIX reports a standalone backlog of EUR 5.5 billion and new awards of EUR 1.8 billion in H1 2023
  • Divested two non-strategic building materials subsidiaries for EGP 2.2 billion in May and June
  • Successfully completed a share buyback of 5.6% in June

Orascom Construction Reports Backlog of USD 5.5 Billion and Revenue of USD 1.6 Billion in H1 2023

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