Astaldi informs that it has received four tranches of payments of receivables related to railway projects in progress in Venezuela. As of today, the sum collected by Astaldi amounts to USD 43 million. This provides confirmation of the restart of payments from Venezuela, which is deemed a necessary condition in order for contractual relations with IFE (Venezuela’s state railway company) to return to normal, and for a possible gradual resumption of production activities.
INCREASE IN REVENUE TO EUR 1.2 BILLION +4.4% NET PROFIT OF EUR 34.3 MILLION, +6.4% 2014 GROWTH TARGETS CONFIRMED - 1H 2014 Results - Increase in consolidated total revenue to EUR 1,201.5 million, +4.4% - EBITDA margin of 12.4%, with EBITDA of EUR 149.3 million, +2.9% - EBIT margin of 9.8%, with EBIT of EUR 118.1 million, +4.5% - Consolidated net profit of EUR 34.3 million, +6.4% - Consolidated total net financial debt of EUR (1.1) billion - Total order backlog of EUR 21.5 billion, of which: - Order backlog in execution at EUR 12.7 billion - EUR 8.8 billion of additional contracts acquired and currently being finalised - 2014 Targets - Consolidated total revenue: + 10% YOY - EBIT margin: > 9% - Net financial debt: approximately EUR (900) million
Astaldi has announced that the US$ 600 million financing agreement for the second functional lot (Phase 2A) of the Gebze-Orhangazi-Izmir motorway in Turkey has been signed. Overall, the initiative involves a total investment of US$ 6.5 billion, US$ 3.4 billion of which entirely financed at this time.