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Orascom Construction Reports Backlog of USD 6.1 Billion and Net Income of USD 113.4 Million in FY 2021

22 March, 2022

• Revenue increased 5.1% y-o-y to USD 3,542.9 million and consolidated EBITDA increased 3.3% y-o-y to USD 204.4 million in FY 2021
• Net income attributable to shareholders increased 43.2% y-o-y to USD 37.1 million in Q4 2021 and 24.8% y-o-y to USD 113.4 million in FY 2021
• Net cash position increased to USD 441.6 million as of 31 December 2021 and positive operating cash flow increased to USD 201.2 million in FY 2021
• Consolidated backlog increased 12.0% y-o-y to USD 6.1 billion and pro forma backlog including 50% share in BESIX increased 10.3% y-o-y to USD 8.9 billion as of 31 December 2021
• Consolidated new awards increased 22.1% y-o-y to USD 3.6 billion and pro forma new awards including 50% share in BESIX increased 32.5% y-o-y to USD 5.6 billion in FY 2021
• BESIX reports a standalone backlog of EUR 4.9 billion and new awards of EUR 3.5 billion in FY 2021