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| Astaldi: 2010 revenue up 9.2%; net profit up 12.8% The Shareholders' Meeting of Astaldi S.p.A., Italy's second-largest builder, examined the 2010 consolidated financial statements which showed a 12.8% increase in net profit, equal to EUR 63 million. Astaldi Group saw a 9.2% increase in total revenues in 2010 (EUR 1,872.1 million in 2009) thanks to consolidation of activities in Italy and abroad as well as the entry into full operation of some important, recently-acquired projects. EBITDA increased by 11.2% to EUR 229.2 million (EUR 206.2 million in 2009), with an EBITDA margin of 11.2%. EBIT increased to EUR 173.6 million, up by 10.1% (EUR 157.6 million at 31 December 2009) with an EBIT margin of 8.5%. At a consolidated level, there was a significant improvement in the overall net financial position which dropped to EUR 384 million (taking into account treasury shares on hand) compared to EUR 421.4 million at the end of 2009. write your comments about the article :: © 2011 Construction News :: home page |