Orascom Construction Reports Backlog of USD 6.0 billion and Net Income of USD 76.1 million in 9M 2021
17 November, 2021
Steady progression of revenue and EBITDA in 9M 2021 to USD 2,542.7 million and USD 146.2 million, respectively
Net income attributable to shareholders of USD 28.4 million in Q3 2021 and USD 76.1 million in 9M 2021
Net cash position maintained at USD 144.7 million as of 30 September 2021 and positive operating cash flow of USD 42.8 million in Q3 2021
Consolidated backlog increased 14.4% y-o-y to USD 6.0 billion and pro forma backlog including 50% share in BESIX increased 14.7% y-o-y to USD 8.9 billion as of 30 September 2021
Consolidated new awards increased 38.4% y-o-y to USD 2.8 billion and pro forma new awards including 50% share in BESIX increased 51.9% y-o-y to USD 4.3 billion in 9M 2021
BESIX reports a standalone backlog of EUR 4.9 billion and new awards of EUR 2.7 billion in 9M 2021