Orascom Construction Reports 26.8% Increase in EBITDA to USD 142.4 million in H1 2019 and 9.4% Growth in Consolidated Backlog to USD 4.6 billion


  • Consolidated EBITDA increased 26.8% to USD 142.4 million and pro forma EBITDA including 50% in BESIX increased 15.6% y-o-y to USD 176.0 million in H1 2019
  • Net income attributable to shareholders of USD 31.3 million in Q2 2019 and USD 61.5 million in H1 2019
  • Return to a net cash position of USD 69.2 million as of 30 June 2019 and positive operating cash flow of USD 140.5 million in Q2 2019
  • Consolidated backlog grew 9.4% y-o-y to USD 4.6 billion and pro forma backlog including 50% share in BESIX increased 19.3% y-o-y to USD 7.3 billion as of 30 June 2019
  • Consolidated new awards increased 41.8% y-o-y to USD 1.4 billion and pro forma new awards including 50% share in BESIX increased 22.1% y-o-y to USD 2.4 billion in H1 2019
  • BESIX reports a standalone backlog of EUR 4.8 billion and new awards of EUR 1.7 billion in H1 2019
  • A dividend distribution of USD 35 million (USD 0.30 per share) was paid out to shareholders in July 2019

H1 2019 Results Press Release