OHL - Improving but still weak FY17, transformation expected in FY18
OHL, the Spanish construction company, yesterday reported its FY17 results. While the core business of construction is still on the mend, the closing of the disposal of OHL Concesiones is expected in the coming weeks. The related €2.2bn net cash proceeds will change OHL’s financial profile and allow management to fully focus on the turnaround of the construction activity.
Obrascon Huarte Lain is an international concession and construction groups based in Spain. Co. maintains significant operations in 30 countries across all five continents. Co. is engaged in hospital and railway construction, transport infrastructure concessions, oil and gas, energy, solids handling and fire protection systems and international contracts. Co.'s operations are organized along four divisions: OHL Concesiones, OHL Construccion, OHL Industrial y OHL Desarrollos. Co. is also engaged in real state project developments of mixed use managed by the international hotel chains.
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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