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Stock market: Salini Impregilo slips after the accounts

The brokers' opinions on the company's accounts differ, but the stock is affected by the sales – Pietro Salini: possible revision of the industrial plan and acquisition in the United States.

Stock market: Salini Impregilo slips after the accounts

Difficult day for the Stock Exchange title Salini Impregilo, which left 3,65% on the field at the end of the morning, at 4,28 euros per share. The sales were triggered by the group's half-year results, which they posted revenues up 2,9% to just under 2,2 billion euro e to evaluate down on an annual basis from 76,5 to 60,3 million. 

However, extraordinary profits of €2014 million were posted in the first six months of 60,9 largely thanks to the sale of Fisia Babcock. In fact, the net profit from continuing operations recorded a leap of over 360%, to 71,9 million euro. 

“Considering new awards orders subsequent to the first semester – continues the note from the general contractor -, the total of new orders to date is equal to €4,5 billion and represents 76% of the orders forecast for the end of 2015″.

Opinions of brokers about the company's accounts differ. For Banca Akros the results are below expectations: even if the management confirmed the guidance for the full year, the analysts underline the negative one-off impact linked to Todini equal to 11,6 million and the net debt rose to 378,6 at the end of June 214,1 million from XNUMX million at the end of March.

For Imi Bankhowever, the results are substantially in line with expectations. The Bank believes that the end-of-year targets are achievable and underlines that the stock could be supported by the expectations of the acquisition in the USA.

Yesterday, during the conference call, the CEO of the group, Pietro Salini, said the company is “ahead of plan and this data could add more good news in the second half of the year. In the near future we could make changes to the plan”, but various factors must be taken into consideration: also the possibility of making acquisitions in the United States.

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