Salini Impregilo S.p.A. announced consolidated earnings results for the six months ended June 30, 2016. For the six months, the company reported operating revenue of EUR 2,568.597 million against EUR 2,137.187 million a year ago. Total revenue was EUR 2,639.490 million against EUR 2,201.075 million a year ago. Gross operating profit was EUR 242.160 million against EUR 227.466 million a year ago. Operating profit was EUR 118.635 million against EUR 126.442 million a year ago. Profit before tax was EUR 81.436 million against EUR 100.856 million a year ago. Profit from continuing operations was EUR 49.667 million against EUR 65.394 million a year ago. Profit for the period was EUR 29.249 million against EUR 60.298 million a year ago. Profit for the period attributable to the owners of the parent was EUR 11.223 million against EUR 53.029 million a year ago. Adjusted consolidated revenues for the first six months of 2016 totaled EUR 2,735.7 million compared with revenues of EUR 2,715.1 million, reported on the same reporting basis, for the same period the prior year. The figures include EUR 96.2 million and EUR 98.7 million, respectively, in revenues from Lane Construction Corp.'s non-consolidated joint-ventures. Adjusted EBITDA was EUR 252.8 million, an increase of 14.2% from EUR 221.3 million for the same period in 2015, while adjusted EBIT was EUR 129.3 million, about 14.5% higher than EUR 112.9 million for the same period the prior year. The figures include EUR 10.7 million and EUR 16.3 million, respectively, contributed by Lane's non-consolidated joint-ventures. Adjusted EBT was EUR 81.4 million against EUR 83.3 million a year ago. Adjusted results from continuing operations were EUR 49.6 million against EUR 47.8 million a year ago. Adjusted group net result was EUR 11.2 million against EUR 32.9 million a year ago.

The company confirmed earnings guidance for the year 2016, including: Revenues of more than EUR 6.1 billion, EBITDA margin of 9%, and net debt in line with the amount at the end of 2015 excluding the financing for the Lane acquisition.