Orascom Construction Reports 25.2% Growth in Consolidated Backlog to USD 5.2 billion and 10.7% Increase in Net Income to USD 32.2 million in Q3 2019


  • Consolidated EBITDA increased 16.9% y-o-y to USD 199.7 million and pro forma EBITDA including 50% in BESIX increased 15.3% y-o-y to USD 253.5 million in 9M 2019
  • Net income attributable to shareholders of USD 32.2 million in Q3 2019 and USD 93.7 million in 9M 2019
  • Net cash position of USD 63.4 million as of 30 September 2019 and positive operating cash flow of USD 79.1 million in 9M 2019
  • Consolidated backlog grew 25.2% y-o-y to USD 5.2 billion and pro forma backlog including 50% share in BESIX increased 26.2% y-o-y to USD 7.7 billion as of 30 September 2019
  • Consolidated new awards increased 81.6% y-o-y to USD 2.8 billion and pro forma new awards including 50% share in BESIX increased 48.4% y-o-y to USD 4.0 billion in 9M 2019
  • BESIX reported a standalone backlog of EUR 4.5 billion and new awards of EUR 2.1 billion in 9M 2019

9M 2019 Results Press Release