ASTALDI: NET PROFIT OF OVER EUR 40 MILLION DURING THE FIRST HALF OF THE YEAR. NEW ORDERS OF EUR 2.4 BILLION

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Consolidated results of HY1 2013. Net profit of EUR 40.2 million (+1% YOY). Total revenues of EUR 1,160.8 million (-3.8% YOY). Total revenues for Q2 2013 of EUR 625 million (+16.6% on a quarterly basis). Business plan targets for 2013 confirmed. Increase in earnings and margins: EBITDA margin of 12.6%, with EBITDA of EUR 146.8 million (+24.2% YOY); EBIT margin of 9.9%, with EBIT of EUR 114.7 million (+16.3% YOY). Major drop in net debt to EUR 729.6 million, from EUR 827 million at 31 March 2013: Positive cash flow trend recorded for the second quarter; Debt/equity ratio of 1.2x, with corporate debt/equity ratio at 0.7x. Order backlog of EUR 11.5 billion: EUR 2.4 billion of new orders during HY1 2013; Potential order backlog of more than EUR 21 billion – including projects that have been secured but for which finalisation is pending – that guarantees approximately 70% of forecast revenues for the next five years.

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Last updated: Jul 11 2016