Orascom Construction Reports EBITDA of USD 48.8 Million and Net Income of USD 23.0 Million in Q1 2016


Highlights

  • Return to profitability as the Group reported blended EBITDA margin of 5.0%, EBITDA of USD 48.8 million and net income of USD 23.0 million in Q1 2016

  • Backlog maintained at a healthy level of USD 6.1 billion as the Group signed new contracts amounting to USD 510.4 million in Egypt, Algeria and USA during Q1 2016

  • BESIX’s standalone backlog grew 18% to EUR 3.5 billion, driving pro forma backlog including the Group’s 50% share in BESIX to USD 8.1 billion

  • Net cash position of USD 87.0 million as of 31 March 2016

Q1 2016 Results Press Release