Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Italian Stock Exchange  >  Salini Impregilo SpA    SAL   IT0003865570

SALINI IMPREGILO SPA

(SAL)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Salini Impregilo : to build high-speed “orient express” railway in €530m contract in Turkey

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/10/2019 | 12:38pm EDT

MILAN, May 10, 2019 - Salini Impregilo has won a €530-million contract to build a 153-kilometre section of a new 'Orient Express' high-speed railway in Turkey between Istanbul and the border with Bulgaria.

The contract is the latest acknowledgement of the Group's global leadership in the construction of major high-speed railways that contribute to the sustainable development of urban and extra-urban mobility.

Set to last four years, it is receiving financing in euros from the European Union via the European Investment Bank, guaranteeing a reduction in the risk profile while setting the entire production chain at the highest contractual standards and guarantees requested by international organizations.

The line will belong to the Trans-European Transport Network (TEN-T) that connects member countries of the European Union. It will be a part of the Orient/East-Med Corridor, which connects Central Europe with ports of the North, Baltic, Black and Mediterranean seas.

The project, overseen by the Directorate General of Turkish State Railways, will reduce travel times, increase safety and contribute to the development of the region.
After working a year on the project, Salini Impregilo will lead with a 50.01% stake in a joint-venture with Kolin İnşaat Turizm Sanayi ve Ticaret A.Ş., a leading Turkish builder with which the Group completed the reconstruction of the Köseköy-Gebze section of a high-speed railway in 2011 for the Ministry of Transport, Maritime Affairs and Communications. Salini Impregilo is working with it on other large infrastructure projects in the Gulf.

The latest contract will link the Halkali station to that of Kapikule with a double track that will supplant the existing single track. It will be for trains that can travel at speeds of up to 200 kilometres per hour. The contract includes electrification, signalling and other auxiliary civil works related to that section of the line. The choice of the best technological solution among 10 alternative projects was made based on a cost-benefit index. The contract also guarantees the immediate availability of machines to move 80 million cubic metres of earth.

Salini Impregilo is present in Turkey since 1966, having built iconic works such as the KEBAN Hydroelectric Project on the Euphrates River worth about €200 million. Between 1985 and 2000, Salini Impregilo developed large highway projects worth a combined €2.5 billion, including the Kinali-Sakarya highway and the second bridge over the Bosphorus River.

Salini Impregilo is a major builder of railways worldwide, and it is involved in a number of projects in Italy for the TEN-T, such as the Terzo Valico dei Giovi, a high-speed/high-capacity 53-kilometre line that will connect the port of Genoa on the Mediterranean coast with that of Rotterdam on the North Sea coast in what is called the Rhine-Alpine Corridor. It recently won a €608.1-million contract to build a section of a high-capacity rail line between Naples and Bari that will be also be part of the TEN-T.

Disclaimer

Salini Impregilo S.p.A. published this content on 10 May 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 May 2019 16:37:03 UTC

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on SALINI IMPREGILO SPA
06/06SALINI IMPREGILO : returns to ANCE amid effort to relaunch infrastructure sector
PU
06/03SALINI IMPREGILO : Shortlist unveiled for Batoka Gorge hydro project
AQ
05/24SALINI IMPREGILO : Filing of Ordinary Shareholders' meeting minutes of April 24,..
PU
05/21SALINI IMPREGILO : to Build High-Speed Orient Express in Turkey
AQ
05/21SALINI IMPREGILO : Savings Shareholders' special Meeting. Notice of filing of th..
PU
05/16SALINI IMPREGILO : wins $594m Turkey high speed rail project contract
AQ
05/16SALINI IMPREGILO : wins high-speed rail contract in Turkey
AQ
05/15SALINI IMPREGILO : Selected disclosure for the first three months of 2019
PU
05/15SALINI IMPREGILO : wins high-speed rail contract in Turkey
AQ
05/10SALINI IMPREGILO : to build high-speed “orient express” railway in €..
PU
More news
Financials (€)
Sales 2019 5 391 M
EBIT 2019 222 M
Net income 2019 92,8 M
Debt 2019 847 M
Yield 2019 3,31%
P/E ratio 2019 9,66
P/E ratio 2020 7,90
EV / Sales 2019 0,32x
EV / Sales 2020 0,29x
Capitalization 902 M
Chart SALINI IMPREGILO SPA
Duration : Period :
Salini Impregilo SpA Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SALINI IMPREGILO SPA
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 5
Average target price 1,94 €
Spread / Average Target 7,1%
EPS Revisions
Managers
NameTitle
Pietro Salini Chief Executive Officer & Director
Alberto Giovannini Chairman
Claudio Lautizi General Manager-International Operations
Massimo Ferrari Corporate Group CFO & General Manager-Finance
Marina Brogi Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
SALINI IMPREGILO SPA26.34%960
VINCI28.69%60 082
CHINA STATE CONSTRUCTION ENGINEERING CORPORATION1.05%34 222
LARSEN & TOUBRO4.70%31 619
CHINA COMMUNICATIONS CONSTRUCTION CO LTD-1.22%22 480
CHINA RAILWAY GROUP LTD-7.01%20 495