Astaldi’s BoD approves results at 30 September 2015 ASTALDI FIRST NINE MONTHS OF 2015: REVENUE, UP BY 11.6% TO EUR 2.1 BILLION, NET PROFIT, UP BY 25.7% TO EUR 76 MILLION FILIPPO STINELLIS APPOINTED CO-CHIEF EXECUTIVE OFFICER FOR BUSINESS ACTIVITIES
Astaldi announces that a plan to reinforce the organizational model will be submitted for the approval of the upcoming Board of Directors meeting called for 11 November. Aimed at making the model respond more to the Group’s increasing size at home and abroad, the plan calls for appointing a co-Chief Executive Officer, Mr. Filippo Stinellis, mainly to oversee business activities. The Chief Executive Officer, Mr. Stefano Cerri, will thus be able to concentrate more on the Group’s economic and financial management, and on strengthening its financial strucutre as well as on the valorisation of the assets under concession.
The Astaldi Group has been awarded a EUR 209 million contract to extend Line 2 of the Warsaw metro in Poland. This comes on the heels of Astaldi’s construction of the same line’s central section, a work the Group completed in March 2015.