Royal BAM Group is set to join the AMX (Midkap) Index following its latest annual review.
The AMX Index comprises 25 of the second largest and most actively traded shares listed on Euronext Amsterdam.
Royal BAM Group’s promotion to the AMX Index is mainly due to its positive market value development, it said.
The revisions will become effective from Monday 24 March 2025.
Royal BAM Group recently posted a mixed performance across key divisions in the UK.
While BAM’s UK construction arm saw revenue depreciate from more than £834 million in 2023 to £755.3 million in 2024, civil engineering posted increased turnover last year of £1.25 billion (FY2023: £1.09 billion), with improved EBITDA.
The group said the result in UK construction reflected a challenging market during the period, including project delays and supply chain issues as well as a loss for Co-op Live in Manchester.
Meanwhile the civil engineering division was supported by a high level of activity, especially in rail and energy transition projects.
The group’s Ventures business and operations in Ireland continued to deliver a solid performance for the period.
BAM UK & Ireland posted stable revenue for the period of £2.6 billion, roughly in line with the year prior, with EBITDA of £95.2 million (FY2023: £101 million).
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