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Mon March 08 2021

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Nuttall profits down 42%

13 May 14 Civil engineering contractor BAM Nuttall saw its profitability squeezed in 2013 with its margin reduced to 1.4%, down from 2.5% in 2012.

BAM Nuttall’s turnover grew 3.6% in 2013 to £756m (2012: £730m) but pre-tax profits were down 41% to £10.7m (2012: £18.1m).

However, with some significant new orders picked up during the year, the forward order book ended the year not too badly dented at £943m (2012 £1,082m).

“We continue to adopt a selective approach to work winning, choosing to concentrate our activities principally in the rail, highways and maritime sectors,” said chief executive Stephen Fox.

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