Orascom Construction Reports 18.1% Increase in 9M 2017 Adjusted EBITDA to USD 213.1 million


Highlights

  • EBITDA increased 18.9% y-o-y to USD 165.6 million in 9M 2017 and 34.3% y-o-y to USD 54.5 million in Q3 2017
  • Adjusted EBITDA including 50% share in BESIX increased 18.1% y-o-y to USD 213.1 million in 9M 2017
  • Net cash position maintained at USD 211.4 million as of 30 September 2017
  • Significant pick-up in new awards during the third quarter in MENA and USA compared to H1 2017; the Group signed a total of USD 788.7 million in Q3 2017 compared to USD 747.3 million in H1 2017
  • Backlog of USD 4.8 billion as of 30 September 2017 and USD 6.7 billion including 50% share in BESIX
  • New awards of USD 1.5 billion in 9M 2017 and USD 2.5 billion including 50% share in BESIX
  • BESIX reports a standalone backlog of EUR 3.2 billion and new awards of EUR 1.8 billion in 9M 2017

9M 2017 Results Press Release