Salini Impregilo targets increased revenues by 2019
By Joe Malone23 May 2016
Salini Impregilo has outlined its target of reaching revenues of €9 billion by 2019.
The Italian company’s new four-year industrial plan (2016 to 2019) also targets a margin of 10% for its earnings before interest, taxes, depreciation and amortization (EBITDA), an order backlog of €39 billion and a cash flow greater than €900 million.
The company said the aim of the plan was to strengthen its role as market leader in large infrastructure, as well as becoming a market leader in the water segment, while continuing to develop in the transportation segment.
Salini Impregilo said it took into account the medium- to long-term global and regional market forecasts when outlining its financial targets. It said any potential new orders would take into account the risk and profitability profile of that market.
The company will also aim to become more efficient in its expenditure on revenues, human resources, and its management of plants and machines.
Salini Impregilo said it expects its revenues for 2016 to be around €6.1 billion.
The company will begin two new high-speed train projects this year in Italy and a metro project in Qatar.
It expects its EBITDA margin to be 9%, representing an improvement on last year.
Finally, its net debt for 2016 is expected to be the same as the previous year, with the exclusion of its acquisition of Lane. The company acquired the US construction company last November, in a deal worth US$406 million (€362.68 million).