Firm concentrating on key regions including UK

Bam said revenue across its core markets including the UK was up in the first quarter.

In a trading update, the firm said income was down 6% to 鈧�1.6bn (拢1.4bn) because of its decision to pull out of non-core activities including some businesses in Germany and Belgium.

Bam (3)

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But it said business from the UK, Ireland and the Netherlands increased 5% in the first three months of the year.

The firm said adjusted earnings were up from 鈧�53.3m (拢45m) to 鈧�97.3m (拢82m) 鈥� although this was before restructuring and pension costs were included.

In 2021, Bam saw income increase 7% to 鈧�7.3bn (拢6.2bn). It reported adjusted earnings of 鈧�278m (拢235m) but restructuring and amortisation costs dragged the number down to 鈧�18.1m (拢15m) 鈥� though this was still a return to the black from 2020鈥檚 loss of 鈧�122m (拢102m).

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