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| Astaldi board of directors approves 2007 financial statements The board of directors of Italy's Astaldi examined 2007 draft financial statements, approved the consolidated financial statements and resolved to submit to next shareholders' meeting, to be held on April 23, the proposal of payment of a dividend of Euro 0.10 per share (0.085 per share in the previous fiscal year) to be paid on May 8, 2008. The 2007 consolidated income statement confirms the growth trend already recorded during the last quarter of the previous period and showed total revenues amounting to Euro 1,329.1 million, which scored a record increase of +23%. Foreign activities contributed to the determination of revenues by 62%, while transportation infrastructure, with a 74% of revenues, confirmed to the be the reference sector within Group's activities. The increase in production volumes is in accordance with an improved income profile, also thanks to the incidence of production costs which decreased from 72.1% of the previous year to 71.4%. EBITDA (gross operating margin), which in 2007 equalled Euro 155.6 million, increased by +26.4% in comparison with 2006, with an increased EBITDA margin of 11.7% (11.4% in the previous year). Also EBIT (operating result) increased to Euro 114.1 million, thus improving by +33.7% in comparison with the amount recorded in 2006, with EBIT margin increasing to 8.6%, in comparison with 7.9% of 2006. The 2007 consolidated financial statements show a profit before income taxes of Euro 70.7 million (+19.8% on an annual basis), thus contributing to an increased net profit of Euro 38.1 million (+26.6% with respect to the previous year) and a net margin of 2.9%. write your comments about the article :: © 2008 Construction News :: home page |