Dutch building firm BAM posted a net loss of €108m in 2014, compared with net profit of €46m in the previous year. Revenue rose by €300m to €7.3bn.
The Dutch construction market is ‘still not easy but there is cautious recovery’, chief executive Rob van Wingerden told Nos news.
‘More homes are being sold … but we see two movements,’ he said. ‘There is a shift towards cheaper homes and the improvement is uneven, with the big cities still outstripping the regions as a whole.’
The company also lost money on some Irish investments ‘reflecting developments in the Irish economy’, he said in a statement.
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