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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

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