Spread Research - CMC di Ravenna 1Q18 - Strong order intake but EBITDA boosted by exceptional items

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Spread Research

Marc Pierron

CMC di Ravenna 1Q18 - Strong order intake but EBITDA boosted by exceptional items

CMC di Ravenna (CMC), the Italian construction company, experienced a very strong 1Q18 in terms of order intake, with €1.1bn gained during the quarter resulting in the total backlog reaching €4.6bn compared to €3.7bn at YE17. The main awards were a €275m urbanization project in Kuwait, a €255m port of Durban reconstruction in South Africa, and the €153m high speed railway in Italy.

07/06/2018 2 EN

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Spread Research

Spread Research is France's first Rating Agency, registered by ESMA (European Securities and Markets Authority) and a leading European Independent Credit Research firm, founded in 2004 and based in Lyon, France. Our experienced team offer key research services using a wide range of investment strategies and research methodologies for the High Yield, Emerging Markets, Convertibles and Loan Markets.

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Analysts

Marc Pierron

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Joan Sehim

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Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

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Benjamin Sabahi

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CMC di Ravenna 1Q18 - Strong order intake but EBITDA boosted by exceptional items

Gamenet 2q18 - sport payout change offsets regulation impact, goldbet to boost profitability

INTRALOT- Special Comment

IQVIA- 2Q18 Comments

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