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ASTM SpA (ATMI.MI)

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Latest Key Developments (Source: Significant Developments)

ASTM and SIAS approve 2017-2021 strategic plan
Wednesday, 19 Jul 2017 01:13am EDT 

July 19 (Reuters) - ASTM SPA ::ASTM AND SIAS APPROVE 2017-2021 STRATEGIC PLAN.ASTM 2021 TARGETS: REVENUE ABOUT EUR 3.8 BILLION; EBITDA ABOUT EUR 1.8 BILLION; DIVIDEND CAGR 7%.SIAS 2021 TARGETS: REVENUE ABOUT EUR 2.6 BILLION; EBITDA ABOUT EUR 1.7 BILLION; DIVIDEND CAGR 7%.EPC BUSINESS UNIT HEADED BY ITINERA AIMS TO DEVELOP ITS BUSINESS IN NORTHERN AND EASTERN EUROPE, IN SUB-EQUATORIAL AFRICA AND IN THE GULF REGION.  Full Article

ASTM unit Itinera buys 50 pct stake in Halmar International
Thursday, 6 Jul 2017 01:43am EDT 

July 6 (Reuters) - ASTM SPA ::ITINERA, THROUGH ITS U.S. SUBSIDIARY, ACQUIRES A CONTROLLING STAKE IN THE CAPITAL OF HALMAR INTERNATIONAL LLC.THE ACQUIRED STAKE ACCOUNTS FOR 50% OF HALMAR'S SHARE CAPITAL.THE VALUE OF THE TRANSACTION IS USD 60 MILLION.HALMAR INTERNATIONAL IS A CONSTRUCTION COMPANY OPERATING IN THE NEW YORK METROPOLITAN AREA IN THE DESIGN AND CONSTRUCTION OF TRANSPORT INFRASTRUCTURES.  Full Article

SIAS, Satap and Itinera sign partnership agreement with Ardian
Tuesday, 6 Jun 2017 02:25am EDT 

June 6 (Reuters) - SOCIETA INIZIATIVE AUTOSTRADALI E SERVIZI SPA ::SIAS, SATAP AND ITINERA SIGNED WITH ARDIAN AN AGREEMENT THAT ENVISAGES ARDIAN ACQUIRING A STAKE IN SHARE CAPITAL OF AUTOVIA PADANA.UNDER THE AGREEMENT, ARDIAN INFRASTRUCTURE TO ACQUIRE 49% OF THE SHARE CAPITAL OF AUTOVIA PADANA FOR THE AMOUNT OF APPROXIMATELY EUR 80 MILLION.UNDER THE AGREEMENT, ASTM GROUP <<>> AND SIAS GROUP <<>> TO RETAIN CONTROL OF AUTOVIA PADANA AND CONTINUE TO CONSOLIDATE THEIR INVESTMENT USING LINE-BY-LINE CONSOLIDATION METHOD.  Full Article

ASTM: unit Itinera wins contract in Kuwait for EUR 274 mln
Tuesday, 16 May 2017 11:40am EDT 

May 16 (Reuters) - ASTM SPA ::UNIT ITINERA WINS CONTRACT IN KUWAIT FOR EUR 274 MILLION.CONTRACT CONCERNS THE MODERNIZATION OF MOTORWAY ABDALY HIGHWAY.  Full Article

BRIEF-SIAS Q1 motorway sector revenue up 2.9 pct at EUR 228.4 mln
Monday, 15 May 2017 12:13pm EDT 

Repeats to add Reuters Instrument Code for SIAS's parent company, ASTM:Q1 MOTORWAY SECTOR REVENUE EUR 228.4 MILLION, UP 2.88 PERCENT YEAR ON YEAR.  Full Article

ASTM FY net profit falls to EUR 95.5 mln
Tuesday, 14 Mar 2017 03:31am EDT 

ASTM SpA : Reported on Monday FY total turnover 1.21 billion euros ($1.28 billion) versus 1.10 billion euros a year ago . FY net profit 95.5 million euros versus 108.1 million euros a year ago . FY net profit net of one-off items shows an improvement year on year of around 7 million euros (up 7 pct) . Proposes final dividend of 0.25 euro per share . Total dividend for 2016 of 0.45 euro per share considering the interim dividend – equal to 0.20 euro per share – paid in Nov. 2016 .Despite uncertainty in the implementation of the "regulatory framework", signs of pick up in traffic volumes and the efficiency policies implemented should enable the consolidation of results for FY 2017.  Full Article

SIAS FY net profit rises to EUR 162.0 mln
Tuesday, 14 Mar 2017 03:26am EDT 

Societa Iniziative Autostradali e Servizi SpA : Reported on Monday FY total turnover 1,090.1 million euros ($1.16 billion) versus 1,087.9 million euros a year ago . FY net profit 162.0 million euros versus 160.7 million euros a year ago . Proposes final dividend of 0.18 euro per share . Total dividend for 2016 amounts to 0.32 euro per share considering the interim dividend – equal to 0.14 euro per share – paid in Nov. 2016) .Despite uncertainty in the implementation of the "regulatory framework", signs of pick up in traffic volumes and the efficiency policies should enable the consolidation of results for FY 2017.  Full Article

ASTM H1 net profit slightly rises to EUR 49.9 mln
Thursday, 22 Sep 2016 12:14pm EDT 

ASTM SpA : H1 net profit 49.9 million euros ($56.02 million) versus 49.0 million euros a year ago . H1 total revenue 646.0 million euros versus 671.1 million euros a year ago .Sees in FY 2016 a further consolidation of income results.  Full Article

ASTM Q1 EBITDA up at EUR 142.4 mln
Wednesday, 11 May 2016 11:49am EDT 

Astm Spa : Q1 EBITDA 142.4 million euros ($162.81 million) versus 133.3 million euros a year ago .Q1 net toll revenues 215.7 million euros versus 201.0 million euros a year ago.  Full Article

ASTM SpA board approves deal to buy 53.34 pct of Itinera
Monday, 14 Mar 2016 01:31pm EDT 

ASTM SpA:‍Board approved deal to acquire 53.34 percent of share capital of Itinera SpA worth 128 million euros.‍Controlling stake in Itinera will be contributed to ASTM through a capital increase (excluding any pre-emptive rights) reserved for subscription by Argo and Codelfa​ ‍Argo Finanziaria SpA ("Argo") is a single-member company and Codelfa SpA ("Codelfa") is its subsidiary; Argo controls ASTM ‍.As a result of contribution, ASTM will assume control of Itinera as it will hold all of its share capital either directly or indirectly.‍As of now, ASTM holds 17.02 percent of Itinera's share capital directly and a further 29.64 percent through subsidiary SATAP SpA​.‍Capital increase involves the issue of maximum of 10,998,600 ASTM shares, for a maximum of 128 million euros, with a maximum premium of 122.5 million euros, at the issue price of 11.64 euros per share.‍Issue of 10,998,600 new ASTM shares will result in 5 percent increase net of treasury shares​ in Argo's equity stake in ASTM (from 56.8 percent to 61.8 percent).Itinera operates in the field of infrastructure works and civil construction​.  Full Article