Report
Sven Edelfelt

Salini Impregilo : Résultats inférieurs aux attentes mais guidance maintenue

>A retenir des résultats - CA de 2.8 Md€ (+0.4%) vs 3.0 Md€e, dont 781 M€ pour Lane (+27%, et l’activité devrait encore accélérer au S2 selon le management). EBITDA de 207 M€ vs 260 M€e, soit une marge de 7.3%. EBIT inférieur à nos attentes : 105 M€ vs 120 M€e, marge de 3.7% (stable sur un an) vs 4.7%e. Notons que l’EBIT intègre un résultat négatif de Lane pour ~30 M€, soit -10 M€ lié à la saisonnalité (effet des conditions climatiques difficiles du S1) et -20 M€ com...
Underlying
Webuild S.p.A.

Salini Impregilo is engaged in the water segment. Co. is organised according to the distribution of its activities into its various segments: Corporate, which is engaged in the coordination and supervision of Impregilo S.p.A.'s main investments; Construction, which consists of the business headed by Impregilo S.p.A.; Concessions, which consists of the business coordinated by Co.'s subsidiary, Impregilo International Infrastructures B.V. (the Netherlands) and carried out through subsidiaries, jointly controlled entities and associates; as well as Engineering & Plant Construction, which consists of the business headed by FISIA Italimpianti and FISIA Babcock Environment (Germany).

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Sven Edelfelt

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch