A 2.9% increase in consolidated revenues has been reported for the first six months of this year, compared to the same period in 2014, by Italian contractor Salini Impregilo, with a 20% increase between the first and second quarters of 2015.

It said that the revenue targets in its business plan were already 92% covered by its backlog.

Consolidated revenues for the first six months of 2015 totalled €2.20 billion, it said – a 2.9% increase from the €2.14 billion reported for the same period the previous year.

Between the first and second quarters of 2015, revenues grew more than 20% to €1.20 billion, which Salini Impregilo said reflected the positive contributions from projects in markets such as Ethiopia, Qatar and Malaysia.

Total operating costs in the first half of 2015 were €1.97 billion compared with €1.94 billion a year earlier.

The company reported that EBITDA (earnings before interest, taxes, depreciation and amortization) in the first half of 2015 was €229.3 million. This was 16.2% higher than the figure reported in the same period last year.

Also in the first half of 2015, net profit from continuing operations came to €71.9 million, which it described as “a remarkable increase” compared to the €15.6 million realised in the first half of 2014.

The total backlog at the end of the first half of 2015 increased to €33.3 billion, €26.1 billion of which related to construction and €7.2 billion to concessions.

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Sign up for free

Newsletter

Delivered directly to your inbox World Construction Week features the pick of the breaking news stories, product launches, show reports and more!

Go to newsletters