What is noteworthy is the performance of the Engineering and Infrastructure division, whose revenues are up by 27% thanks to a more than 60% increase in revenue from international projects, and whose EBITDA is up 184% to €61m. The performance of the division has been driven by the rate of execution of several major projects in backlog and the contribution from the Pedemontana-Veneta motorway. Following this earnings release, we will revise our forecasts. We don’t expect a change in
03 Aug 2018
H1 18: Good performance but Sacyr should divest Repsol
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H1 18: Good performance but Sacyr should divest Repsol
Sacyr SA (VHM:STU) | 0 0 2.6% | Mkt Cap: 1,382m
- Published:
03 Aug 2018 -
Author:
Felix Brunotte -
Pages:
3
What is noteworthy is the performance of the Engineering and Infrastructure division, whose revenues are up by 27% thanks to a more than 60% increase in revenue from international projects, and whose EBITDA is up 184% to €61m. The performance of the division has been driven by the rate of execution of several major projects in backlog and the contribution from the Pedemontana-Veneta motorway. Following this earnings release, we will revise our forecasts. We don’t expect a change in