Società Iniziative Autostradali e Servizi S.p.A. reported consolidated earnings results for the first half year of 2018. For the period, the company reported total revenue of EUR 577,606,000 compared to EUR 538,169,000 a year ago. Operating income was EUR 208,204,000 compared to EUR 148,400,000 a year ago. Net financial loss was EUR 15,081,000 compared to EUR 26,188,000 a year ago. Profit before tax was EUR 193,123,000 compared to EUR 122,212,000 a year ago. Profit for the period was EUR 139,640,000 compared to EUR 89,458,000 a year ago. Profit assigned to the Parent Company's Shareholders (Continued operations) was EUR 127,848,000 compared to EUR 78,834,000 a year ago. Net financial debt was EUR 1,387,946,000 compared to EUR 1,285,226,000 a year ago. Adjusted net financial indebtedness was EUR 1,394,588,000 compared to EUR 1,307,904,000 a year ago. Earnings per share was EUR 0.562 compared to EUR 0.346 a year ago. Cash generated by operating activity was EUR 276,003,000 compared to EUR 229,381,000 a year ago. Investments in property, plant, machinery and other assets was EUR 787,000 compared to EUR 1,380,000 a year ago. Investments in intangible assets was EUR 2,368,000 compared to EUR 520,000 a year ago.

Moreover, the profit/loss for the period of the Group will also positively reflect the effects of the management - as from 1 March 2018 - of the Piacenza-Cremona-Brescia stretch, of the Brazilian companies which are part of the Ecorodovias Group, as well as the effects of agreements relative to the "Sistema Tangenziale Esterna-Brebemi". Based on these assumptions, for the full year revenues are expected to grow in a range between 5% and 8%, EBITDA between 4% and 6% and a leverage ratio in line with the previous year (<1.9x).