(Telestock) – Caltagironea company listed on Euronext Milan with activities in the fields of major works, publishing, real estate and finance, has closed the first semester of 2024 with revenues equal to 1.006 billion euros (976.4 million euros at 30 June 2023), up 3% due to the increase in revenues in the major works sector.
The Gross operating margin was positive for 201.6 million euros, substantially in line with the corresponding period of 2023 (200.4 million euros). Net financial income was positive for 55.4 million euros (38.4 million euros at 30 June 2023) and was mainly influenced by dividends on listed shares and net exchange gains.
The Net Result was equal to 143.1 million euros, +12% compared to 30 June 2023 (127.8 million euros). Result of Group competence was equal to 76.2 million euros, +10.6% compared to 30 June 2023 (68.9 million euros)
There Net financial position is positive for 94.9 million euros (negative for 108.4 million euros at 30 June 2023), an improvement of 203.4 million euros mainly due to the positive operating cash flow and the dividends collected on listed shares, net of the distribution of dividends.
In the large-scale works sector the objective is focused on the development of the work portfolio through participation in tenders both directly and as an assigned member of the Eteria Consortium with the intention of stabilizing the growth of turnover, diversifying the work portfolio and ensuring an adequate margin of the acquired orders. As of 30 June 2024 the portfolio of works is equal to 1.7 billion euros.