Orascom Construction Reports Growth of 26% in Consolidated Backlog and 30% in EBITDA in FY 2019


  • Consolidated EBITDA increased 29.5% y-o-y to USD 268.2 million and pro forma EBITDA including 50% in BESIX increased 12.7% y-o-y to USD 318.9 million FY 2019
  • Net income attributable to shareholders of USD 27.6 million in Q4 2019 and USD 121.3 million in FY 2019
  • Net cash position of USD 279.1 million as of 31 December 2019 and positive operating cash flow of USD 319.9 million in FY 2019
  • Consolidated backlog grew 25.8% y-o-y to USD 5.4 billion and pro forma backlog including 50% share in BESIX increased 15.4% y-o-y to USD 8.1 billion as of 31 December 2019
  • Consolidated new awards increased 51.1% y-o-y to USD 3.6 billion and pro forma new awards including 50% share in BESIX increased 26.0% y-o-y to USD 5.4 billion in FY 2019
  • BESIX reported a standalone backlog of EUR 4.8 billion and new awards of EUR 3.3 billion in FY 2019
  • The Board of Directors proposes a dividend distribution of USD 0.21 per share

FY 2019 Results Press Release