• Order intake grew +9% in 3Q16, increasing the growth achieved in 1H16 (+6%), with growths in all regions. 9M16 Order Intake in the T&D business (Transport & Traffic and Defence & Security) increased by +9%, while the IT business grew +5%.
  • EBITDA reached €151m in 9M16 vs. €63m in 9M15.
  • EBITDA margin of 7.7% in 9M16 vs. 3.1% in 9M15, due to higher Direct Margins in ongoing projects, efficiency plans put in place and fewer problematic projects.
  • Recurrent EBIT margin continues to improve reaching 5.5% in 3Q16, +2pp above the level registered in 9M15. EBIT totaled €104m compared to -€1m in 9M15.
  • 9M16 Free Cash Flow amounted to €44m vs. €-187m in 9M15. Excluding the cash outflow related to the redundancy plan and the problematic projects, FCF would have reached €16m in 3Q16 and €123m in 9M16.
  • Net Debt down by 5% vs December 2015, to €666m.
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