Company Profile
ASTALDI is an international construction group with a leading position in
Italy and ranked, by revenue, among the top 100 International Contractors.
It constructs large and technologically complex infrastructures, acting
primarily as EPC Contractor, as well as Concessionaire. Astaldi has over
90 years of experience in the construction industry, both in Italy and
abroad, where it operates with an extensive expertise and high-qualified
human resources. It is currently working on approx. 100 projects in more
than 16 countries. Examples of its ongoing most notable projects include,
among others, the 3rd Bosporus Bridge (the longest and largest
suspended bridge in the world) and the Etlik Healthcare Campus in Ankara
(the largest ongoing healthcare project in Europe), in Turkey. Other major
ongoing projects are new subway lines in Italy, Romania, Poland, relevant
highway and railway links in Italy, Turkey, Russia, Romania, Algeria,
Venezuela, USA, Central America, energy production plants in Canada,
Peru, Poland. Listed on the Milan Stock Exchange since 2002, as of
December 2013 Astaldi had 13 billion of order backlog, over 2.5 billion of
consolidated total revenues and more than 9,600 employees. Astaldi
operates through the following business lines: Transport Infrastructures,
Water and Energy Production Plants, Civil and Industrial Buildings, as well
as Plants Design and Maintenance, where it mainly operates through its
subsidiary NBI. Examples of its completed landmark projects include,
among others: the New Hospital in Venice-Mestre (completed in 24
months), the Rome-Naples HS Railway (the first high-speed railway to be
completed in Europe), as well as the award-winning Toledo Station of
Naples Subway Line 1 and the Milan Subway Line 5 in Italy. Astaldi also
constructed the Chacayes Hydroelectric Plant in Chile (the first ecofriendly plant built in Chile, currently under management by Astaldi) and
the Anatolian Motorway in Turkey.
BOARD MEMBERS
C.C.I.(1)
C.R.(2)
C.N.(3)
Executive
Non executive
Independent
CORPORATE GOVERNANCE * (CG)
Paolo Astaldi
BOARD MEMBERS
OWNERSHIP
Stefano Cerri
Chairman
COMPANY
Specialist broker
ISIN
ASTALDI
Banca IMI SpA
BLOOMBERG
AST IM
REUTERS
AST.MI
Via G. V. Bona, 65
00156 ROMA
KPMG S.p.A.
www.kpmg.com
Alessandra Onorati
E-mail:a.onorati@astaldi.com
Tel.:+39 06 41766389 - Fax:+39 06 41766733
S&P: B+ outlook stable Fitch: B+ outlook positive
Moody's: B1 outlook stable
KEY FIGURES *
€m
Total Sales
Ebitda
Ebitda margin
Ebit
Ebit Margin
Ebt
Ebt margin
Net Result
E-Margin
First-Half Results
30/06/14
30/06/13
1,201.52
1,150.66
149.26
145.04
12.42%
12.60%
118.13
113.00
9.83%
9.82%
54.71
57.10
4.55%
4.96%
34.33
32.28
2.86%
2.81%
Var %
'14 vs '13
4.42%
2.91%
Net Financial Debt / (Cash)
Net Equity
Capital Employed
First-Half Results
30/06/14
30/06/13
1,101.56
733.00
564.73
575.20
1,666.29
1,308.19
Var %
'14 vs '13
50.28%
-1.82%
27.37%
185,000 shares on 12/31/13
Giuseppe Cafiero
Paolo Astaldi
Vice-Chairman
76,526 shares on 12/31/13
Stefano Cerri
Caterina Astaldi
Chief Executive Officer
4,800 shares on 12/31/13
Caterina Astaldi
Market Segment
STAR
Long term rating *
Giuseppe Cafiero
Vice Chairman
Super sector
CONSTRUCTION &
MATERIALS
Investor relations *
365,599 shares on 12/31/13
Ernesto Monti
Industry
INDUSTRIALS
Auditing company *
Tel.: +39 06 41766.1
Fax: +39 06 41766713
http://www.astaldi.com
IT0003261069
Annual Results
31/12/13
31/12/12
2,519.68
2,456.90
324.02
264.47
12.86%
10.76%
235.95
211.82
9.36%
8.62%
138.59
129.84
5.50%
5.28%
75.21
74.13
2.99%
3.02%
4.54%
-4.19%
6.35%
Annual Results
31/12/13
31/12/12
800.98
626.00
603.92
553.95
1,404.91
1,179.95
Source: company data. The year-end closing is at December, 31. Values are expressed in Million Euro.H1 2013 results restated according to IFRS-11.
Board member
TOP
MANAGEMENT
Luigi Guidobono
Cavalchini
SHARE ANALYSIS
Board member
Giorgio Cirla
Paolo Astaldi
Board member
Ernesto Monti
Board member
Deputy Chairman
Piero Gnudi
Giuseppe Cafiero
Board member
Deputy Chairman
Chiara Mancini
Stefano Cerri
Board member
Last Divid. (€)
0.190
Ordinary
Chief Executive Officer
Nicoletta Mincato
Quantity
98,424,900
98,424,900
Number of shares outstanding
Ordinary
Nominal value (€)
Chairman
Paolo Cuccia
Capitalis. (€ m)
564.57
564.57
2.00
Detach Date
12/05/2014
Paolo Citterio
Board member
GM Administr. & Finance
Eugenio Pinto
Cesare Bernardini
Board member
GM International
Luciano De Crecchio
GM Italy
Mario Lanciani
GM International
Filippo Stinellis
GM International
OTHER
INFORMATION
RELATING
GOVERNANCE
Last price
Ord
Performance
Ord
27/01/2015
5.74
-2Y
0.87%
-2Y
76.16%
-75.29%
Price range (-2y)
Ord
-1Y
-16.71%
-1Y
20.68%
-37.39%
MAX
8.37
-3M
3.55%
-3M
19.29%
-15.75%
MIN
4.44
-1M
20.23%
-1M
11.32%
8.91%
Relative perf.
TURNOVER AND VOLATILITY - STATISTICS FROM 02/01/2015 TO27/01/2015
Compensation
Stock
Mbo
Incentivo
Turn over
Total(€)
Daily average(€)
List based voting
system (BoD / MB)
Quorum for minority
shareholders
INDEX ITSTAR
2.5%
Record Date
29,831,482
1,657,305
Number of shares traded
Total
Daily average
5,879,656
326,648
Number of trades
(1): Internal Control Committee (2): Compensation Committee (3): Nomination
Committee
Total
Daily average
12,363
687
(CG) Corporate Governance: Traditional Model
A
SHAREHOLDERS *
Volatility
31.53%
TREASURY SHARES: 0.66%
PICTET ASSET MANAGEMENT LTD:
2.09%
A
Turnover velocity
84.30%
UBS GROUP AG: 4.76%
FMR LCC: 5.03%
PIONEER ASSET MANAGEMENT
S.A.: 5.07%
OTHER SHAREHOLDERS < 2%:
29.73%
Source: Borsa Italiana. Data refer to the ordinary shares.
FIN.AST S.R.L.: 52.66%
Source: Company Update: 21/05/2013
ANALYST REPORTS
Analyst reports from www.borsaitaliana.it: Banca Intermediazione Mobiliare - IMI (26/11/2014) Banca Intermediazione Mobiliare - IMI
(05/11/2014) Banca Intermediazione Mobiliare - IMI (08/08/2014) Merrill Lynch (04/08/2014) Kepler (27/06/2014)
* The above information has been provided and updated by the issuing company