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Stock market, Astaldi in rally after the accounts

Profits up 21% in 2014 – Strong deleveraging – Proposed dividend of 20 cents.

Stock market, Astaldi in rally after the accounts

In the afternoon, Astaldi's share on the Stock Exchange took off, earning 5,35%, to 7,09 euro. The wave of purchases was triggered by the 2014 accounts published today by the general contractor, which closed last year with to evaluate up 21%, to 81,6 million euro. The Board has proposed the distribution of a dividend of 0,20 euro per share instead of 0,19.

The company then underlines the strong reduction of thedebt to 798,6 million euros, from 1.104,7 million in September 2014. The revenues rose by 5,7%, exceeding 2,6 billion, while theEbitda was 306,5 million and the Ebit was 234,8 million. New orders in 2014 went over 3 billion, allowing the total order backlog to exceed 27 billion.

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