Astaldi - 1Q17 Softer margins but better cash flow on back of new strategy
Astaldi, the Italian engineering firm, delivered subdued 1Q17 results reflecting their more cautious but less profitable approach.The new strategic roadmap prioritizes indeed contracts in safer geographic zones ....Astaldi is an infrastructure construction group based in Italy. Co. is engaged in the development of works in the field of infrastructure and civil engineering. Co.'s activities include the construction of railway, road and air transport infrastructures, energy production plants and civil and industrial construction, as well as management of transport infrastructures, car parks, hospitals and renewable energy facilities. Co. manages and coordinates resources using the “turnkey” formula, from design through to organizing funding and constructing and managing projects. Co. operates throughout the whole of Italy and Eastern Europe, South America, the United States, Africa and the Middle East.
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