A track record in Operations & Maintenance & high quality property management

We have secured a number of multi-year O&M contracts for projects on which the Group is also the contractor. Current O&M contracts span several sectors such water treatment, wastewater treatment, water desalination and transportation. We recognized a gap in the Egyptian market for a high-quality facility management company. To fill this growing need, Orascom construction invested in Contrack FM and Orascom Industrial Parks (Orascom-IP).

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Orascom Construction Reports Growth of 26% in Consolidated Backlog and 30% in EBITDA in FY 2019

26 March, 2020

Consolidated EBITDA increased 29.5% y-o-y to USD 268.2 million and pro forma EBITDA including 50% in BESIX increased 12.7% y-o-y to USD 318.9 million FY 2019
Net income attributable to shareholders of USD 27.6 million in Q4 2019 and USD 121.3 million in FY 2019
Net cash position of USD 279.1 million as of 31 December 2019 and positive operating cash flow of USD 319.9 million in FY 2019
Consolidated backlog grew 25.8% y-o-y to USD 5.4 billion and pro forma backlog including 50% share in BESIX increased 15.4% y-o-y to USD 8.1 billion as of 31 December 2019
Consolidated new awards increased 51.1% y-o-y to USD 3.6 billion and pro forma new awards including 50% share in BESIX increased 26.0% y-o-y to USD 5.4 billion in FY 2019
BESIX reported a standalone backlog of EUR 4.8 billion and new awards of EUR 3.3 billion in FY 2019
The Board of Directors proposes a dividend distribution of USD 0.21 per share