Astaldi SpA reported consolidated earnings results for the third quarter and nine months ended September 30, 2016. For the quarter, the company reported revenue was €750,369,000 compared with €675,075,000 for the same period last year. EBITDA was €85,202,000 compared with €71,181,000 for the same period last year. EBIT was €82,419,000 compared with €52,915,000 for the same period last year. EBT was €41,706,000 compared with €18,435,000 for the same period last year. Group net profit was €24,044,000 compared with €13,654,000 for the same period last year.

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.