Salini in good shape with six-month results

Italian contractor Salini Impregilo has released its financial results for the first half of 2017, showing revenues up 12% on the same period in the previous year.

The total figure for January to June inclusive is €3.06 billion (US$3.59 billion), compared with €2.73 billion (US$3.2 billion) in the first half of 2015.

Salini’s EBITDA for the period was €284.1 million (US$333.2 million), an increase of 14.1% on the previous year’s €249 million (US$292 million).

A percentage of Salini’s figures are now generated by its US-based subsidiary, Lane Industries, which the firm acquired at the end of 2015, and Lane reported new orders in the year-to-date of €1.9 billion (US$2.3 billion) – up 59% on the same period in 2015.

In its income statement, Salini said the trend in revenues reflects the progress made in the production of some major projects, including the Riyadh Underground Line 3 in Saudi Arabia, the Rogun dam in Tajikistan, the Forrestfield-Airport Link metro project in Australia, the GERD dam in Ethiopia, the Koysha dam, and the Copenhagen metro.