BAM blames German market for profit slump

BAM Group, one of the largest construction groups in the world, has issued a profit warning due to a 'dramatic drop' in the results of one of its German units. 'Despite the favourable operating results from its other activities, BAM expects that it will be unable to achieve its profit forecast of approximately EUR 180 mln for 2006 as announced when the half year figures were presented,' the Netherlands-based company said in a statement on Monday.

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