full article

Orascom Construction Reports Backlog of USD 5.9 billion and Net Income of USD 47.7 million in H1 2021

29 August, 2021

• Recovery in Q2 2021 resulting in steady evolution of revenue and EBITDA y-o-y in H1 2021
• Revenue increased 4.1% y-o-y to USD 1,685.0 million and consolidated EBITDA increased 1.1% to USD 100.4 million in H1 2021
• Net income attributable to shareholders of USD 23.8 million in Q2 2021 and USD 47.7 million in H1 2021
• Net cash position stable at USD 151.3 million as of 30 June 2021 and positive operating cash flow of USD 31.8 million in Q2 2021
• Consolidated backlog increased 8.8% y-o-y to USD 5.9 billion and pro forma backlog including 50% share in BESIX increased 6.0% y-o-y to USD 8.4 billion as of 30 June 2021
• Consolidated new awards increased 36.2% y-o-y to USD 1.8 billion and pro forma new awards including 50% share in BESIX increased 35.9% y-o-y to USD 2.6 billion in H1 2021
• BESIX reports a standalone backlog of EUR 4.2 billion and new awards of EUR 1.4 billion in H1 2021