BAM Nuttall achieved an operating profit margin of 3% in 2018, up from 1% the year before, as both revenue and profit jumped.
The company reported a 12% increase in revenue for the year to £749.9m, while pre-tax profit more than tripled to £26.3m.
The civils contractor also reported in improvement in its safety performance, with a 30% reduction in RIDDOR reportable incident frequency and a 50% reduction in total person-days lost to work-related incidents.
BAM Nuttall’s mean gender pay gap also improved slightly in 2018 to 24.8%, from 26.2%. The median pay gap dropped to 27.4% from 27.7%.
Chief Executive Steve Fox said: “This solid business performance reflects the diligent application of our strategy. We continue to choose to partner with customers and suppliers who align with our objectives, in a market that remains challenged by many factors, Brexit among them.
“It’s encouraging to see an already strong safety performance improve further in 2018, with reportable injuries now occurring at less than 1 in 1.4 million worked hours. Our work to eliminate forward-tipping dumpers and causes of vibration-related illness, are having a profound impact across the industry and our desire to improve and maintain positive mental health and wellbeing is undimmed.
“As a passionate advocate for improved gender representation in our sector, I’m particularly proud of the positive change in our gender pay gap. For a number of years we’ve been preparing the ground for this culture change, and our 2018 performance aligns with our aspiration to be the destination of choice for diverse talent in the infrastructure sector.”
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