Accueil Ernstrade Bourse Actualite Stock

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Place de cotation: Italian Stock Exchange

The Group's principal activities are designing and building of civil and industrial complexes. It is also involved in the construction of railroads, subways, airports, tunnels, hydraulic and hydroelectric power stations. The Group operates in Italy, Europe, America, Africa and Asia throughout a network of subsidiaries and consortia.

http://www.astaldi.it



The Board of Directors approves the consolidated results at 31 March 2010
Astaldi, consolidated net profit up by 14% to EUR 14.7 million
BoD meeting called for June to launch the project aimed at optimising concessions
- Total revenues +6.9% to EUR 460.7 million
- EBITDA: +10.5% to EUR 51.8 million, with an increase in the EBITDA margin to 11.2%
- EBIT: +6.9% to EUR 39.4 million with an EBIT margin of 8.5%
- Net profit: +14% to EUR 14.7 million
- Order backlog of EUR 8.6 billion
- Net financial position of EUR 543.3 million
Rome, 12 May 2010 – The Board of Directors of Astaldi S.p.A., chaired by Paolo Astaldi, met today to approve
Astaldi Group’s consolidated results for the first quarter of 2010. The quarter ended with an increase in results
which highlight the Group’s strength and ability to pursue the development programme already drawn up, even
given the negative macroeconomic situation.
During said BoD meeting, the Chief Executive Officer, Stefano Cerri outlined the guidelines for developing the
concessions sector to Company directors. The directors decided to call a meeting in June to launch the
concessions project.
“We shall be busy over the coming months with the Group’s new business plan – commented Stefano Cerri,
Chief Executive Officer. – The new business plan, in keeping with the previous one, shall contain an additional
growth factor represented by the development of concessions. The Group is focused on setting up a dedicated
holding concession company aimed at optimising this strong point, also in light of the major opportunities we
are already pursuing at the moment.”

 

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