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.

SIAS S.p.A. is the leading motorway operator in north-western Italy with a network of about 1,423 kilometres under concession. SIAS 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. The company is an industrial holding that operates in the sector of motorway concessions, the “core business” of their activities, and in the sector of Information Technology applied, in particular, to mobility in transport and the maintenance of the road infrastructure.

Main Economic-Financial Information

(€ milioni)2017201620152014
Ricavi totali1.137,71.090,11.087,91.031,5
Margine Operativo Lordo703,8661,7645,9608,5
Margine62%61%59,3%59%
Risultato operativo368,4355,3356,9321,5
Utile di Gruppo237,8162,0160,7143,1
Utile netto rettificato (1)////
Cash flow operativo (FFO) (2)517,2473,5458,4422,4
Investimenti190,1175,2209,7223,6
Debito netto (3)(1.307,9)(1.648,1)(1.581)(1.644,4)
(1) Rettificato per le poste non ricorrenti
(2) Utile netto + non cash items
(3) Incluso il valore attuale netto del debito finanziario vs. il Fondo Centrale di Garanzia (FCG) e del credito per valore di subentro
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