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Societa Iniziative Autostradali e Servizi SpA (SIS.MI)

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Latest Key Developments (Source: Significant Developments)

SIAS H1 net profit from continued operations up at EUR 78.8 million
Wednesday, 9 Aug 2017 12:04pm EDT 

Aug 9 (Reuters) - SOCIETA INIZIATIVE AUTOSTRADALI E SERVIZI SPA :H1 TOTAL REVENUE EUR 669.2 MILLION VERSUS EUR 638.6 MILLION YEAR AGO.H1 NET PROFIT FROM CONTINUED OPERATIONS EUR 78.8 MILLION VERSUS EUR 76.1 MILLION YEAR AGO.  Full Article

SIAS signs agreement with Intesa to split investments in four companies
Friday, 28 Jul 2017 12:00pm EDT 

July 28 (Reuters) - SOCIETA INIZIATIVE AUTOSTRADALI E SERVIZI SPA ::SIGNS AGREEMENT WITH INTESA SANPAOLO <<>> TO SEPARATE INVESTMENTS IN FOUR MOTORWAY COMPANIES.TO BUY 17.5 PCT OF TANGENZIALI ESTERNE DI MILANO AND 2.6 PCT OF TANGENZIALE ESTERNA FROM INTESA.TANGENZIALI ESTERNE DI MILANO OWNS 47.7 PCT OF TANGENZIALE ESTERNA.TO SELL 13.3 PCT OF AUTOSTRADE LOMBARDE TO INTESA.AUTOSTRADE LOMBARDE OWNS 79.0 PCT OF AUTOSTRADA DIRETTA BRESCIA MILANO AND OWNS 4.7 PCT IN TANGENZIALI ESTERNE DI MILANO .INTENDS TO START TALKS TO FIND PARTNER FOR THE JOINT CONTROL OF TANGENZIALI ESTERNE DI MILANO AND TANGENZIALE ESTERNA.THE CONCLUSION OF THE TRANSACTIONS ENTAILS A TOTAL NET DISBURSEMENT OF EUR 20.6 MLN AS WELL AS COVERAGE OF COMMITMENTS AND GUARANTEES OF AROUND EUR 9.9 MLN.  Full Article

SIAS says negotiations with Intesa Sanpaolo are in progress
Thursday, 20 Jul 2017 10:09am EDT 

July 20 (Reuters) - SOCIETA INIZIATIVE AUTOSTRADALI E SERVIZI SPA ::NEGOTIATIONS WITH INTESA SANPAOLO TO INTERRUPT JOINT OWNERSHIP OF TANGENZIALE ESTERNA DI MILANO AND BREBEMI ARE IN PROGRESS.IF PARTIES REACH AN AGREEMENT, IT IS REASONABLE TO BELIEVE THAT NEGOTIATIONS WILL CONCLUDE AROUND SUMMER BREAK.  Full Article

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

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

SIAS unit signs motorway concession with Ministry of Infrastructure and Transport
Thursday, 1 Jun 2017 05:41am EDT 

June 1 (Reuters) - SOCIETA INIZIATIVE AUTOSTRADALI E SERVIZI SPA ::SAID ON WEDNESDAY THAT ITS UNIT AUTOVIA PADANA SIGNED THE CONTRACT FOR THE MOTORWAY CONCESSION A21 PIACENZA-CREMONA-BRESCIA WITH THE MINISTRY OF INFRASTRUCTURE AND TRANSPORT .THE CONCESSION TO LAST 25 YEARS FROM ITS EFFECTIVENESS.  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

SIAS Q1 motorway sector revenue up 2.9 pct at EUR 228.4 mln
Monday, 15 May 2017 11:53am EDT 

May 15 (Reuters) - SOCIETA INIZIATIVE AUTOSTRADALI E SERVIZI SPA ::Q1 MOTORWAY SECTOR REVENUE EUR 228.4 MILLION, UP 2.88 PERCENT YEAR ON YEAR.  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

SIAS H1 net profit rises to EUR 77.0 mln
Thursday, 22 Sep 2016 09:01am EDT 

Societa Iniziative Autostradali e Servizi SpA : H1 net profit 77.0 million euros ($86.54 million) versus 73.8 million euros a year ago . H1 net toll revenues 463.8 million euros versus 446.3 million euros a year ago . H1 total revenues 640.0 million euros versus 662.1 million euros a year ago .Sees in FY 2016 a further consolidation of income results.  Full Article