Through the holdings ASTM S.p.A. and SIAS S.p.A., both listed on the Italian Stock Exchange, the Group plays an important role in the process of studying, financing, designing, building and managing new infrastructures.

ASTM S.p.A. is an industrial holding that is mainly active in the sector of motorway network management under concession, as well as in the sectors of designing and building large-scale infrastructural work. ASTM S.p.A. is a company that is listed on the Italian Stock Exchange and is subject to the management and coordination activities of Argo Finanziaria S.p.A., which belongs to the Gavio Group.

Main Economic-Financial Information

(€ million)2017201620152014
Total revenues1,436.11,208.041,104.31,045.0
EBITDA719.1664.5645.8613.8
EBIT372.4349.5350.7325.1
Net profit (after minorities)149.695.5108.199.8
Funds From Operations (FFO) (1)533.4487.9460433.3
Motorways capex190.1175.2208.4223.6
Net debt (2)(1,333.1)(1,621.5)(1,245.5)(1,311.6)
(1) Net profit + non cash items
(2) Including the net present value of the financial debt vs. Fondo Centrale di Garanzia (FCG) and credit for takeover value
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