The last session of the week got off to a good start for Salini Impregilo and Geox shares, which at the start achieved gains of 4,2 and 4,5% respectively (to 3,936 and 3,202 euros), posting the most significant increases of the whole the Italian Stock Exchange. Both stocks, listed on the MTA, benefited from the positive accounts published yesterday after markets closed.
In particular, Salini Impregilo closed the first quarter with net profits of 51,2 million, more than double the 21,2 million earned in the same period last year. The revenues of the Italian general contractor grew by 14,4%, reaching one billion euros, while the debt fell to 214 million. New orders rose from 421 to 773 million, for a total portfolio worth 33 billion (25,8 for construction, 7,2 for concessions). Lastly, profitability was good, with the gross operating margin rising to 117 million (+27%) and the operating result to 61 million (+28%).
As for Geox, the January-March period closed with a net profit up by 24,6%, to 12,5 million euros, while revenues increased by 4,7%, to 281 million (+2,5% constant exchange rates). Ebitda stood at 30,7 million (+10,5%). Store sales (on a like-for-like basis and considering only stores that have been open for at least 12 months) grew by 4,8%. The footwear group believes it will be able to achieve a good growth rate in turnover in 2015 and also sees an expansion of operating profitability and net income "until reaching levels in line with market expectations", reads a note .
