Orascom Construction Reports 16.6% Increase in EBITDA to USD 70.3 million in Q1 2019


  • Consolidated EBITDA increased 16.6% to USD 70.3 million and pro forma EBITDA including 50% in BESIX increased 17.3% y-o-y to USD 86.2 million in Q1 2019
  • Net income attributable to shareholders of USD 30.2 million in Q1 2019
  • Net debt position of USD 78.6 million as of 31 March 2019, which was reduced to approximately USD 40 million as of 30 April 2019
  • Consolidated backlog of USD 4.3 billion and pro forma backlog including 50% share in BESIX of USD 7.0 billion as of 31 March 2019
  • Consolidated new awards of USD 480.7 million and pro forma new awards including 50% share in BESIX of USD 857.2 million in Q1 2019
  • BESIX reports a standalone backlog of EUR 4.7 billion and new awards of EUR 662.0 million in Q1 2019
  • Shareholders approved a dividend distribution of USD 0.30 per share at the AGM

Q1 2019 Results Press Release