Orascom Construction Announces FY 2016 Results and Reports a Sustainable Return to Profitability


Highlights

  • Backlog of USD 5.3 billion as of 31 December 2016 and new awards of USD 3.8 billion in FY 2016
  • Revenue of USD 4,033.1 million, EBITDA of USD 99.0 million and net income to shareholders of USD 48.7 million in FY 2016
  • MENA EBITDA of USD 309.1 million and net income to shareholders of USD 233.4 million in FY 2016
  • BESIX demonstrates a strong rebound and contributes USD 64.2 million to net income in FY 2016
  • Additional losses at IFCo weighed on Q4 2016 results; the plant started production in April 2017
  • Net cash position of USD 204.1 million as of 31 December 2016 and operating cash flow of USD 256.3 million in FY 2016

FY 2016 Results Press Release