Revenue increased by +5.6%. EBITDA increased by +6.5%. EBITDA margin at 11.7%, a +10bp increase Operating income increased by +17.8%. Operating margin at 8.2%, up by 80bp. Net financial expenses decreased by 16.2%. EBT at €86m in H1 16 vs €33m in H1 15 notably thanks to a €20.5m gain on sales. Profit from continuing operations up by 79% thanks partly to the gain in sales. Backlog up by 10%. Net debt decreased by 22.5%.
01 Aug 2016
Good performance but below our expectation
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Good performance but below our expectation
Sacyr SA (VHM:STU) | 0 0 2.6% | Mkt Cap: 1,382m
- Published:
01 Aug 2016 -
Author:
Felix Brunotte -
Pages:
6
Revenue increased by +5.6%. EBITDA increased by +6.5%. EBITDA margin at 11.7%, a +10bp increase Operating income increased by +17.8%. Operating margin at 8.2%, up by 80bp. Net financial expenses decreased by 16.2%. EBT at €86m in H1 16 vs €33m in H1 15 notably thanks to a €20.5m gain on sales. Profit from continuing operations up by 79% thanks partly to the gain in sales. Backlog up by 10%. Net debt decreased by 22.5%.