Orascom Construction Reports Adj. EBITDA of USD 210.9 Million and Adj. Net Income of USD 151.6 Million in 9M 2018


Highlights:
 
  • Adjusted net income excluding one-off U.S. legal provision increased 208.5% to USD 69.1 million in Q3 2018 and 104.6% to USD 151.6 million in 9M 2018
  • Consolidated adjusted EBITDA of USD 210.9 million and pro forma EBITDA including 50% in BESIX (excluding one-off legal provision) of USD 259.8 million in 9M 2018
  • Consolidated backlog of USD 4.2 billion and pro forma backlog including 50% share in BESIX of USD 6.1 billion as of 30 September 2018
  • Consolidated new awards of USD 1.5 billion and pro forma new awards including 50% share in BESIX of USD 2.7 billion 9M 2018
  • A one-off provision related to a legal case with a subcontractor in the U.S. was recorded in Q3 2018