Astaldi SpA Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2016; Provides Earnings Guidance for 2016
For the nine months, the company reported revenue was 2,150,805,000 compared with 2,066,747,000 for the same period last year. EBITDA was 284,782,000 compared with 284,988,000 for the same period last year. EBIT was 242,226,000 compared with 227,213,000 for the same period last year. Pretax profit was 105,976,000 compared with 107,625,000 for the same period last year. Profit from continuing operations was 78,828,000 compared with 75,302,000 for the same period last year. Profit for the year was 55,195,000 compared with 75,302,000 for the same period last year. Net cash flow used in operating activities was 248,438,000 compared with 207,020,000 for the same period last year. Net financial debt at 30 September 2016 dropped to EUR 1,226.9 million with an improvement of approximately EUR 150 million in third quarter.
The year-end 2016 targets remain valid based on the current performance. The company provided total revenue of over EUR 3 billion and margins in line with the Strategy Plan guidance, and a further reduction of net financial debt to approximately EUR 1.1 billion.