Upstream performance this morning for the title Impregile it at Piazza Affari. At the beginning, the Ftse Mib travels in the red by more than half a point, but the shares of the general contractor move up by 0,5%, among the best stocks on the list, in the wake of the accounts approved yesterday by the Board.
Impregilo archives 2012 with a group net profit of 601 million (mainly thanks to the sale of the equity investment in Ecorodovias), revenues of 2,281 billion and a negative EBIT of 25 million. The Board has proposed total dividends of around 600 million.
The construction and plant order backlog at the end of the period amounted to approximately 10,6 billion (13,1 billion at the end of 2011). The BoD also approved the update of the assumptions of the 2013-15 Business Plan, whose targets remain unchanged.
The consolidated net financial position as at 31 December 2012 was positive by 567 million and recorded a radical improvement compared to 31 December 2011 (net debt of 527 million) mainly due to the collection of 751 million connected with the sale of the first two tranches of the investment in Ecorodovias, the deconsolidation of the debt of the Brazilian investee and the collection of indemnities relating to the Acerra waste-to-energy plant, amounting to 356 million.
Finally, green light from the board of directors for Salini's takeover bid. The board of directors examined and endorsed the reasoned opinion drawn up by the independent directors in relation to the voluntary public purchase offer for all of the ordinary shares of Impregilo promoted by Salini.
