Sales up at Impregilo

By Sarah Ann McCay15 November 2012

Italian contractor Impregilo posted improved sales for the third quarter of 2012, up +26% year-on-year to €1.9 billion.

International earnings accounted for 79% of total sales, or €1.5 billion, increased by growth in the construction sector, where production value grew by +34.5%.

However, despite the increase in sales, the group also posted a net loss of €21.6 million, versus a profit of €58.7 million for the same period in 2011. The group attributed its loss to the uncertainty faced by the national and international economy, and to difficulties encountered on the expansion of the Panama Canal and projects in Colombia.

With net loss at €21.6 million, the company’s board of directors has decided to dispose of non-strategic assets, including its 22.74% share in the Brazilian group EcoRodovias.

In September 2012, Impregilo Group entered into a strategic accord with private Italian contractor Salini, which will see the two companies embark on joint commercial strategies in domestic and international markets. It is estimated that, working together, both contractors could take on new projects worth up to €4.6 billion between 2013 and 2017.

Looking ahead, Impregilo forecasts an increase in turnover and a positive return on sales for the full financial year 2012, compared to 2011 figures.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Loxam accelerates environmental shift
Equipment rental company aims to halve direct emissions by 2030 and cut indirect emissions by 30%
Construction starts on Milan’s renewable offices
New CityWave building will put ‘quality of life’ first and aims to have a “positive impact” on the environment
New HBOX+ lighting tower from Himoinsa
HBOX+ is designed for efficiency, connected remote control, safety and easy transport
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA