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Fugro Shareholders adopt all Resolutions at EGM

At Fugro's extraordinary general meeting, the shareholders appointed Øystein Løseth as member of the Board of Management. He will join the Board on 1 January 2018. After a transition period he will succeed the current CEO and Chairman of the Board of Management, Paul van Riel, who will step down as planned at the annual general meeting on 26 April 2018.

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Major Contract for Construction of new Lock at Terneuzen in the Netherlands

The Flemish-Dutch Scheldt Commission (Vlaams-Nederlandse Scheldecommissie, VNSC, a partnership between the Netherlands and Flanders for jointly managing the Scheldt estuary) has commissioned the Sassevaart joint venture the contract to construct a new lock at Terneuzen. The contract value is more than €753 million. The Sassevaart joint venture consists of BAM (the Dutch and Belgian sister companies BAM Infra and BAM Contractors), DEME (DEME Infra Marine Contractors B.V. and Dredging International N.V.) and the Belgian contractor Algemene Aannemingen Van Laere N.V.

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Composition of Royal BAM Group's Supervisory Board

The Supervisory Board of Royal BAM Group nv intends to nominate Mr P. Sheffield CBE for appointment to the Supervisory Board at an extraordinary general meeting on 24 August 2017 for a period which will end with the general meeting of shareholders in 2021. This nomination is related to the vacancy arising (as announced on 21 February 2017) from the retirement of Mr P.A.F.W. Elverding from the Supervisory Board for health reasons after the annual general meeting on 19 April 2017.

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BAM appoints Director Governance, Risk and Compliance

The Executive Board of Royal BAM Group nv has appointed Dr. W.H.A. Swinkels RO as  Director Governance, Risk and Compliance (GRC) with effect from 1 January 2017. Currently Walter Swinkels (1975) is a partner at consultant CPI Risk Finance Governance and also a lecturer at the University of Amsterdam.

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A. P. van den berg announces Offshore Application of ST-Rods

Some time ago A. P. van den berg sent the newsflash about the brand new ST-Rods, that can be easily folded onto a reel. This newsflash did not remain unnoticed and many called the SingleTwist™-system “a very promising development”. A. P. van den berg  still hasn’t fully explored the potential of this innovation, but is now ready to introduce some concrete applications, one of them being the Roson-ST.

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BAM reports improved Results and strong Cash Flow

BAM reports improved results and strong cash flow; reiterates full year outlook:

  • Construction: Netherlands profitable and turnaround ongoing; negative result and refocus in Germany
  • Civil engineering: strong margin improvement
  • Property: improved results for residential and non-residential activities
  • PPP: solid performance driven by portfolio; funding PGGM JV increased
  • Brexit: predominantly FX translation effects
  • Order book: lower level, improved quality due to tender discipline
  • Cash flow: strong improvement in working capital efficiency
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