Koninklijke BAM Groep nv (OTCPK:KBAGF) Q3 2024 Earnings Conference Call November 7, 2024 4:00 AM ET
Company Participants
Ruud Joosten – Chief Executive Officer
Frans den Houter – Chief Financial Officer
Michel Aupers – Investor Relations Manager
Conference Call Participants
Martijn den Drijver – ABN AMRO
Tijs Hollestelle – ING
Simon van Oppen – Kepler
Maarten Verbeek – The Idea
Operator
Hello. And welcome to the Trading Update First Nine Months 2024. My name is Caroline, and I will be your operator for today’s event. Please note this call is being recorded and for the duration of the call your lines will be on listen-only mode. However, you’ll have an opportunity to ask questions at the end of the call. [Operator Instructions]
I will now hand over the call to your host, Ruud Joosten, the CEO, to begin today’s conference. Thank you.
Ruud Joosten
Good morning and welcome to this analyst call for Royal BAM Group. Following the publication of our trading statement this morning, I am Ruud Joosten, the CEO. With me are Frans den Houter, our CFO; and Michel Aupers, our Investor Relations Manager.
For our opening slide, we show you the C-lock of Sassafras container. On 11 October, the lock was officially opened by King Philippe of Belgium and King Willem-Alexander of the Netherlands. With a length of 427 meters, width of 55 meters, and depth of over 16 meters, this is one of the longest locks in the world, the largest locks in the world. The lock will enable a smoother flow of marine traffic between Belgium, France and the Netherlands.
We are proud of BAM’s contribution to the realization of this engineering achievement, which we completed in close cooperation with our joint venture partners. But to be clear, this type of high-risk one-off project does not longer fit
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