Middle East business grows Impregilo backlog
By Sarah Ann McCay14 November 2013
Italian contractor Impregilo has posted positive results for the nine months up to 30 September. 2013.
Total backlog was up 51.7% at €25.6 billion, compared with September 2012 figures.
Impregilo signed new orders worth €9.2 billion. The new contracts included the Riyadh Metro in Saudi Arabia for €3.5 billion, the Doha Metro in Qatar for €1.8 billion, and the Libyan Coastal Motorway for €945 million.
The Italian firm also saw revenue hold steady at €1.7 billion, comparable with the same period in 2012.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased to €185.8 million, up from €67.5 million in 2012.