Salini records successful first half to 2016

Italian-based Salini Impregilo has announced its half-year results (1 January to 30 June), reporting an increase in both its revenues and earnings before interest, taxes, depreciation and amortization (EBITDA).

The company’s revenues were €2.74 billion, representing a 0.8% increase on the same period a year ago.

Salini’s EBITDA was €252.8 million for the first half of 2016 – an increase of 4.1% on the comparable period a year earlier.

Pietro Salini, CEO, said, “Revenues are in line with forecasts and margins are better than expected.

“Orders have reached a book-to-bill ratio that is greater than 1.0.”

Salini added that the pipeline was particularly good and the backlog had reached record levels for the group, with more than €31 billion accounting for construction.

The company has revealed its target for the full year is to achieve revenues of more than €6.1 billion, with an EBITDA margin of 9%.