Salini Impregilo

Salini Impregilo is engaged in the water segment. Co. is organised according to the distribution of its activities into its various segments: Corporate, which is engaged in the coordination and supervision of Impregilo S.p.A.'s main investments; Construction, which consists of the business headed by Impregilo S.p.A.; Concessions, which consists of the business coordinated by Co.'s subsidiary, Impregilo International Infrastructures B.V. (the Netherlands) and carried out through subsidiaries, jointly controlled entities and associates; as well as Engineering & Plant Construction, which consists of the business headed by FISIA Italimpianti and FISIA Babcock Environment (Germany).
  • TickerSAL
  • ISINIT0003865570
  • SectorConstruction & Materials
  • CountryItaly

Analysts

1 director bought

A director at Salini Impregilo Spa bought 468,472 shares at 1.735EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Increased risk weighs on IMPREGILO, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of IMPREGILO (IT), active in the Heavy Construction industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date July 19, 2019, the closing price was EUR 1.51 and its target price was estimated at EUR 1.38.

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : H1 2019: seeing through the sound and fury

We expect H1 2019 to be broadly tough going, due to base effects and volatile weather conditions. We are maintaining our sector hierarchy, with pre-announcement profit taking potentially allowing investors to reposition cheaply on the materials sector while construction/concessions could offer a safe haven. Saint-Gobain and Eiffage remain our Top Picks. - >Materials: climate change is the new normal - We expect H1 2019 to be broadly tough going, with climate change ...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Un S1 2019 dans le bruit et la fureur

Nous tablons sur un S1 2019 difficile, pénalisé par des effets de base et des conditions climatiques volatiles. Nous confirmons notre hiérarchie sectorielle, les prises de profits pré-publication pourraient permettre de se repositionner, à bon compte, sur le secteur des Matériaux alors que celui de la Construction/Concessions pourrait constituer un refuge. Saint-Gobain et Eiffage restent nos valeurs préférées. - >Matériaux : le dérèglement climatique comme nouvelle norme - ...

Maxime Kogge

Salini Impregilo : Will Astaldi drag down Salini Impregilo with it?

2018 was an annus horibilis for Italy’s building sector. The arrival in power of a populist government coincided with the shutdown of major works and staggered payments from public authorities. With its significantly larger size and overseas activity, Salini Impregilo could stay afloat while most other significant players (Astaldi, Condotte d’Acqua, CMC di Ravenna) were forced into insolvency. However, Italy’s No. 1 builder suffered a significant drop in local production and diff...

Marc Pierron

SALINI- 1H18 Comments

Salini reported 1H18 results with a slight profitability decrease at constant FX and excluding a 1H17 positive one-off item. Net debt increased on the back of working capital seasonality. We expect the likely disposal of the plants & paving division (P&P) to improve Salini’s financial structure.

Marc Pierron

SALINI IMPREGILO- A good FY17 year despite soft 2H17 and supportive outlook for FY18

Salini, the largest Italian construction company, reported its FY17 results, which can be considered as good overall. Total revenue increased by 5.8% at constant FX and 3.8% on a reported basis to €6.1bn. Salini’s top line has been adversely impacted by the decline of the USD, which is the denomination for 53% of the company’s contracts EUR being only 26%. After a strong start to the year with +11% yoy on a reported basis in 1H17, 2H17 experienced a 2% revenue decline.

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : H1 2019: seeing through the sound and fury

We expect H1 2019 to be broadly tough going, due to base effects and volatile weather conditions. We are maintaining our sector hierarchy, with pre-announcement profit taking potentially allowing investors to reposition cheaply on the materials sector while construction/concessions could offer a safe haven. Saint-Gobain and Eiffage remain our Top Picks. - >Materials: climate change is the new normal - We expect H1 2019 to be broadly tough going, with climate change ...

Samantha Jeary ...
  • Sven Edelfelt
  • Virginie Rousseau

ODDO : Un S1 2019 dans le bruit et la fureur

Nous tablons sur un S1 2019 difficile, pénalisé par des effets de base et des conditions climatiques volatiles. Nous confirmons notre hiérarchie sectorielle, les prises de profits pré-publication pourraient permettre de se repositionner, à bon compte, sur le secteur des Matériaux alors que celui de la Construction/Concessions pourrait constituer un refuge. Saint-Gobain et Eiffage restent nos valeurs préférées. - >Matériaux : le dérèglement climatique comme nouvelle norme - ...

Sven Edelfelt ...
  • Virginie Rousseau

Salini Impregilo : Résultats 2018 décevants. En attente du Business Plan à 3 ans…

>Résultats de nouveau pénalisés par le Venezuela. Dette décevante - Salini Impregilo a publié des résultats inférieurs aux attentes. Le chiffre d’affaires ressort à 5.2 Md€ stable par rapport à 2017 en normalisé (fx et périmètre constants). La marge d’EBIT publié ressort à 1.3% (vs -0.4% en 2017) alors que le consensus attendait 4.2%. Le résultat opérationnel a de nouveau été pénalisé par des provisions de 165 M€ au Venezuela (après 314 M€ en 2017) portant les provisi...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean-François Granjon
  • Louis Boujard
  • Martial Descoutures
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 03/19/2019

...

Aurelien Sivignon ...
  • Charles Lepetitpas
  • Christophe Chaput
  • Christophe-Raphaël Ganet
  • François Maury
  • Georges Dieng
  • Hela Zarrouk
  • Jean-François Granjon
  • Louis Boujard
  • Martial Descoutures
  • Nicolas David
  • Philippe Ourpatian
  • Pierre Corby
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 19/03/2019

...

1 director bought

A director at Salini Impregilo Spa bought 468,472 shares at 1.735EUR and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names...

Ahmed Ben Salem ...
  • Jean-Baptiste Rouphael
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Valentin Pernet
  • Veysel Taze
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 12/14/2018

...

Christophe Chaput ...
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Laurence Hofmann
  • Michael Foundoukidis
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 12/14/2018

...

Ahmed Ben Salem ...
  • Jean-Baptiste Rouphael
  • Jerôme Bodin
  • Johanna Jourdain
  • Martial Descoutures
  • Matthias Desmarais
  • Michael Foundoukidis
  • Pierre Corby
  • Stephane Houri
  • Sven Edelfelt
  • Team Pharma
  • Valentin Pernet
  • Veysel Taze
  • Virginie Rousseau
  • Yassine Batini

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 14/12/2018

...

Christophe Chaput ...
  • Hela Zarrouk
  • Jeremy Garnier
  • Jerôme Bodin
  • Laurence Hofmann
  • Michael Foundoukidis
  • Sven Edelfelt
  • Virginie Rousseau

ODDO BHF Small & MIDCAP MORNING NEWS - 14/12/2018

...

Alex Koagne ...
  • Benoit Valleaux
  • Jean Sassus
  • Jean-Baptiste Rouphael
  • Manuel Martin
  • Sven Edelfelt
  • Thomas Effler
  • Valentin Pernet
  • Virginie Rousseau

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 11/29/2018

...

Increased risk weighs on IMPREGILO, penalising its rating down to Slightly Negative

The independent financial analyst theScreener just lowered the general evaluation of IMPREGILO (IT), active in the Heavy Construction industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date July 19, 2019, the closing price was EUR 1.51 and its target price was estimated at EUR 1.38.

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the week...

Maxime Kogge

Salini Impregilo : Will Astaldi drag down Salini Impregilo with it?

2018 was an annus horibilis for Italy’s building sector. The arrival in power of a populist government coincided with the shutdown of major works and staggered payments from public authorities. With its significantly larger size and overseas activity, Salini Impregilo could stay afloat while most other significant players (Astaldi, Condotte d’Acqua, CMC di Ravenna) were forced into insolvency. However, Italy’s No. 1 builder suffered a significant drop in local production and diff...

Maxime Kogge

Salini Impregilo : Will Astaldi drag down Salini Impregilo with it?

2018 was an annus horibilis for Italy’s building sector. The arrival in power of a populist government coincided with the shutdown of major works and staggered payments from public authorities. With its significantly larger size and overseas activity, Salini Impregilo could stay afloat while most other significant players (Astaldi, Condotte d’Acqua, CMC di Ravenna) were forced into insolvency. However, Italy’s No. 1 builder suffered a significant drop in local production and diff...

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