9M 2023 key results (vs. 9M 2022):
• Revenues at € 567.9 million (+47.2%)
• EBITDA at € 115.5 million (+49.1%)
• EBIT at € 77.3 million (+51.7%)
• Net Income at € 51.3 million (+83.3%)
• Adjusted Net Financial Position positive for € 7.1 million (figure at 31 December 2022 positive for € 26.0 million)
Rome, 14 November 2023 - The Board of Directors of Salcef Group S.p.A., convened today under the chairmanship of Gilberto Salciccia, approved the consolidated results for the first nine months of 2023.
Valeriano Salciccia, Chief Executive Officer of Salcef Group, commented:
"We are particularly pleased with the results of the first nine months, which exceeded the entire 2022. The Group continues to grow and strengthen, with a workforce of over 2,000 people and a backlog at above 2 billion euros for the first time, consolidating the visibility on the business. Moreover, the integration of the companies acquired in 2022 and 2023 continues positively, bringing in new resources and competencies. Therefore, we believe that there are all the conditions for 2023 to end with volumes growing even more than the 30% we communicated in August".
Read the press release:
https://www.salcef.com/wp-content/uploads/2023/11/CS-11.14.2023_9M-2023-Results.pdf
The Salcef Group has been operating for over 70 years in the development and innovation of sustainable mobility infrastructures. It is a global player in the maintenance, renewal, construction and electrification of railway and urban transport infrastructure, as well as in the construction and sale of railway machines and the production of reinforced concrete structures. Maintenance and renewal of railway and urban infrastructure form the core business and account for 71% of volumes.
Established in 1949, Salcef has been controlled by the Salciccia family since 1975 and it is currently led by brothers Gilberto and Valeriano Salciccia, in the roles of Chairman and Chief Executive Officer respectively. The Group has 7 Operative Business Units and is present on 4 continents. It employs more than 2,000 highly specialized people and in 2022 recorded revenues for 565 million euro. The Salcef Group is based in Italy and since October 2021 is listed on the STAR segment of the Euronext Milan market of the Italian Stock Exchange (Borsa Italiana: SCF; Reuters: SCFG.MI; Bloomberg: SCF:IM).
www.salcef.com
© 2023 GlobeNewswire (Europe)
