DOCSLIB.ORG

Annual Report 31 DECEMBER 2020

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Annual Report 31 DECEMBER 2020 Translation under review from the Italian original, that remains the definitive version. This report has been translated into the English language solely for the convenience of the international readers. Annual Report 31 DECEMBER 2020 Webuild Group 1 Translation under review from the Italian original, that remains the definitive version. This report has been translated into the English language solely for the convenience of the international readers. Astaldi S.p.A. – Company subject to the management and coordination of Webuild S.p.A. Astaldi S.p.A. Share capital €340,431,460.27 Registered office in Rome, Via Giulio Vincenzo Bona 65 Rome Company Register and Tax Code 00398970582 Rome Economic and Administrative Index no. 152353 – VAT no. 00880281001 www.astaldi.com 2 Translation under review from the Italian original, that remains the definitive version. This report has been translated into the English language solely for the convenience of the international readers. Contents Company bodies _________________________________________________________________ 4 Financial highlights _______________________________________________________________ 7 Group profile ____________________________________________________________________ 8 Key events of 2020 ______________________________________________________________ 10 Composition with creditors on a going concern basis as per article 186–bis of the Bankruptcy Law 13 Directors’ Report ________________________________________________________________ 21 Report of the Independent Auditors – Consolidated Financial Statements ___________________ 110 Consolidated Financial Statements _________________________________________________ 121 Management Certification – Consolidated Financial Statements __________________________ 237 Report of the Independent Auditors – Astaldi S.p.A. Separate Financial Statements ___________ 238 Astaldi S.p.A. Separate Financial Statements _________________________________________ 249 Management Certification – Astaldi S.p.A. Separate Financial Statements __________________ 496 Report on corporate governance and ownership structure _______________________________ 497 Report of the Board of Statutory Auditors ____________________________________________ 560 3 Translation under review from the Italian original, that remains the definitive version. This report has been translated into the English language solely for the convenience of the international readers. Company bodies Board of Directors Paolo Astaldi1, Chairman Filippo Stinellis2, Chief Executive Officer Andrea Gemma3, Director Maria Raffaella Leone3, Director Nicoletta Mincato3, Director Daniela Montemerlo4, Director David Morganti4, Director Teresa Naddeo5, Director Michele Valensise, Director In 2020, the following were also in office: (i) Alessandro De Rosa, as Deputy Chairman, from 31 July 2020 to 21 January 2021, (ii) Flavia Insom, as an independent non-executive Director, from 31 July 2020 to 5 November 2020. ___________________________ 1 Executive Director. Confirmed Chairman of the Board of Directors with Board resolution dated 31 July 2020. 2 Executive Director. Confirmed Chief Executive Officer with Board resolution dated 31 July 2020. 3 Independent director as per art. 147-ter, fourth paragraph of the Consolidated Finance Act and art. 2 of the Corporate Governance Code. Appointed by shareholders' resolution of 31 July 2020. 4 Independent director as per art. 147-ter, fourth paragraph of the Consolidated Finance Act and art. 2 of the Corporate Governance Code. Co-opted with Board resolution dated 10 February 2021. 5 Independent director as per art. 147-ter, fourth paragraph of the Consolidated Finance Act and art. 2 of the Corporate Governance Code. Appointed by shareholders' resolution of 31 July 2020. 4 Translation under review from the Italian original, that remains the definitive version. This report has been translated into the English language solely for the convenience of the international readers. Control and risks committee Nicoletta Mincato, Chairwoman Daniela Montemerlo6 Teresa Naddeo Appointments and remuneration committee Teresa Naddeo, Chairwoman Nicoletta Mincato David Morganti7 Related parties committee Andrea Gemma, Chairman Maria Raffaella Leone Daniela Montemerlo8 Board of Statutory Auditors9 Giovanni Fiori, Chairman of the Board of Statutory Auditors Anna Rosa Adiutori, Statutory auditor Lelio Fornabaio, Statutory auditor Giulia De Martino, Alternate statutory auditor Francesco Follina, Alternate statutory auditor Gregorio Antonio Greco, Alternate statutory auditor Independent auditors PricewaterhouseCoopers S.p.A.10 ___________________________ 6 Appointed Member of the Control and risks committee, replacing Alessandro De Rosa, with Board resolution dated 10 February 2021 – see § “Events after the reporting date”. 7 Appointed Member of the Appointments and remuneration committee, replacing Alessandro De Rosa, with Board resolution dated 10 February 2021 – see § “Events after the reporting date”. 8 Appointed Member of the Related parties committee, replacing Flavia Insom, with Board resolution dated 10 February 2021 – see § “Events after the reporting date”. Note also that Director Teresa Naddeo held the position of Member of the Related parties committee, replacing Flavia Insom, from 26 November 2020 to 10 February 2021. 9 Appointed by shareholders' resolution dated 27 April 2018 and in office until the Shareholders' Meeting to approve the financial statements as at 31 December 2020. 10 Assigned to perform the statutory audit of the separate financial statements of Astaldi S.p.A. and the consolidated financial statements of the Astaldi Group for the years from 2020 to 2028 (inclusive), as well as for the Consolidated Non-Financial Statement and for the Astaldi Separate Unit, appointed by shareholders' resolution dated 31 July 2020. 5 Translation under review from the Italian original, that remains the definitive version. This report has been translated into the English language solely for the convenience of the international readers. General management Paolo Citterio11, General Manager of Administration and finance and Manager in charge of financial reporting Cesare Bernardini12, General Manager of Operations Filippo Stinellis13, General Manager Turkey ___________________________ 11 Confirmed as the Manager in charge of financial reporting, as well as the General Manager of Administration and finance, with Board resolution dated 31 July 2020. 12 On 10 February 2021, the Company consensually terminated its employment relationship with Francesco Maria Rotundi, General Manager (Italy, the Americas, Algeria, Morocco and Tunisia), whose powers on the same date were assigned to Cesare Bernardini, former General Manager (Europe, Asia and Africa and Brenner, Italy). With Board resolution dated 10 February 2021, Cesare Bernardini therefore assumed the role of General Manager of Operations – see § “Events after the reporting date”. 13 Appointed as General Manager of Turkey with Board resolution dated 27 July 2020. 6 Translation under review from the Italian original, that remains the definitive version. This report has been translated into the English language solely for the convenience of the international readers. Financial highlights Table 1 - Selected statement of profit or loss figures - Astaldi Group 2020 2020 (€ millions) Consolidated Financial Pro-forma Statements Core Assets Scope of the Astaldi Group (management view)* Total revenue 1,452.3 100.0% 1,453.2 100.0% Gross operating profit (47.3) -3.3% 72.4 5.0% (loss) Operating profit (loss) (124.5) -8.6% 18.1 1.2% (*) The “Pro forma Core Assets Scope (management view)”, to be understood as operating data not subject to auditing, reflects the effects of the segregation of the Separate Unit and excludes the non-recurring effects attributable to the composition with creditors procedures of Astaldi and certain Group companies. Table 2 - Selected statement of financial position figures and financial indicators - Astaldi Group 31/12/2019 31/12/2020 (€ millions) Net invested capital 660.0 761.5 Equity 975.8 (1,540.1) Total Net Financial Position / (Total Net Financial Debt) 315.8 (2,301.6) Note: The Total Net Financial Debt and Equity as at 31 December 2019 do not take into account the effect of the debt relief, as the order approving the Astaldi composition with creditors was issued on 17 July 2020. 7 Translation under review from the Italian original, that remains the definitive version. This report has been translated into the English language solely for the convenience of the international readers. Group profile The Astaldi Group (the “Group”) is an internationally renowned group and one of the major players in the Italian construction sector, with a significant presence in Europe and worldwide. Listed on the stock exchange since 2002, it mostly operates as an EPC14 contractor and delivers complex and integrated projects. It designs, develops and operates public infrastructure and large-scale civil engineering works. As of 5 November 2020 the Astaldi Group is part of the Webuild Group. The group has an offer capacity based on several product lines - transport infrastructure, hydraulic and energy production plants, civil and industrial construction and industrial plants. It also operates under concession and provides operation and maintenance (O&M) services for the management of the infrastructure and works it builds. Transport Infrastructure represents the Group's core business, divided into the following sectors: (i) railways
Load more

Recommended publications
  • Breakthrough Ceremony for Monte Olibano Tunnel on the Cumana Railway Line
    BREAKTHROUGH CEREMONY FOR MONTE OLIBANO TUNNEL ON THE CUMANA RAILWAY LINE The tunnel, built by Astaldi Group, allows for the upgrading and expansion of a strategic transport infrastructure for the metropolitan area of Naples and for the whole Phlegrean catchment area Naples, 2 July 2020 – The breakthrough ceremony for Monte Olibano tunnel, which forms part of the project to upgrade and expand the Cumana Railway, was held this morning in Naples and was attended by Vincenzo De Luca , President of Campania Region , Vincenzo Figliolia , Mayor of Pozzuoli , Umberto De Gregorio, Chairman of EAV , as well as Paolo Astaldi , Chairman of Astaldi Group , and Filippo Stinellis , CEO of Astaldi Group. The new tunnel forms part of the project to double the Cumana Railway line along a section measuring approximately 5 km and includes, inter alia, works to adjust the route of the old single-track Monte Olibano tunnel, construction of new stations in Pozzuoli and Cantieri, updating of Gerolomini station and works to double the railway track for the Dazio- Cantieri section. Performance of these works will make it possible to finally complete doubling of the railway line, allowing for an underground-style transport service on the complete Cumana line, with a high frequency of trains and high safety standards. Completion of the planned upgrading and expansion of the railway is scheduled for June 2023. The network, which comprises the Cumana and Circumflegrea lines and 33 stations, serves the whole of the western part of the Naples metropolitan area and the Phlegrean catchment area, a highly-populated area that is set to expand even further as a result of the constant growth of housing and tourism.
    [Show full text]
  • Two Desalination Contracts in Oman for Combined $330M One Plant to Be Bigge
    PRESS RELEASE NEW WEBUILD WIN IN PLANT CONSTRUCTION: TWO DESALINATION CONTRACTS IN OMAN FOR COMBINED $330M ONE PLANT TO BE BIGGEST IN OMAN AS SULTANATE SEEKS SUSTAINABLE DEVELOPMENT MILAN, November 20, 2020 – Fisia Italimpianti, a unit of the Webuild Group, has won two engineering, procurement and construction (EPC) contracts worth a combined total of about $330 million for two desalination plants in Oman. Located on the coast in the Gulf of Oman north of Muscat, the plants will serve residents living near the capital. The contracts, commissioned by the Oman Power and Water Procurement Company (OPWP), will have Fisia Italimpianti and its joint-venture partner GS Inima Environment build plants that use the reverse osmosis process to desalinate water from the sea. The first, Ghubrah 3 IWP, will have a production capacity of 300,000 cubic metres of water a day, while the second, Barka 5 IWP, will produce 100,000 cubic metres a day. Both projects are expected to take three years to complete, with Ghubrah becoming the biggest in the sultanate. Fisia Italimpianti has a 50% stake in both joint-ventures. The Barka 5 and Ghubrah 3 plants will increase the Group’s presence in Oman as it helps the sultanate reach its goals of sustainable development, confronting the challenge of water scarcity posed by a desert climate. Fisia Italimpianti entered Oman in 2017 with the Salalah project, a desalination plant that also uses the reverse osmosis process to produce 113,500 cubic metres a day of potable water for the city of the same name on the southwestern coast.
    [Show full text]
  • Sold the Third Bosphorous Bridge in Turkey
    ASTALDI: SOLD THE THIRD BOSPHOROUS BRIDGE IN TURKEY Rome, 19 March 2020 – Astaldi S.p.A. (“Astaldi” or the “Company”) informs that it has signed the closing on the sale of its interest in the concession for the construction and operation of the Northern Marmara Highway (the “Third Bridge”) in Turkey to IC Ictas Sanayi ve Ticaret A.S. (“Ictas”). The agreement signed with Ictas – already evaluated by the Court of Rome as offering the best protection of creditors within the composition procedure that Astaldi is currently carrying out – includes terms and conditions that are consistent with the composition proposal filed by the Company, and to wit: (i) the transfer to Ictas of the whole interest held by Astaldi in the Concessionaire of the Third Bridge (the “Concessionaire”) and of the relevant receivables, at a price of USD 315 million. This purchase price shall be paid net of a) the offsetting items with Ictas as per point (ii), b) the repayment of the other Turkish creditors (by virtue of the non-recognition of the composition arrangement in Turkey) for an amount of approximately EUR 142 million, in accordance with the arrangements provided for in the Composition Plan, as well as c) the relevant transaction cost; (ii) the waiving of any Ictas’ claim against Astaldi in relation to the projects in partnership, as a result of the getting out of said projects (both in Turkey and Russia); (iii) the purchase price, net of the items as per point (i) shall be paid in a single payment on receipt of the payment of the sale price by Ictas that the same is negotiating with a consortium of Chinese entrepreneurs (the “Chinese Consortium”) for selling the majority share of the capital of the same Concessionaire, or, in the absence of an agreement between Ictas and the Chinese Consortium, in annual instalments, in addition to the accrued interest, by the fourth quarter 2023.
    [Show full text]
  • Interim Financial Report at 30 June 2017 Astaldi Group
    Translation under review from the Italian original, that remains the definitive version Interim Financial Report at 30 June 2017 Astaldi Group 0 Translation under review from the Italian original, that remains the definitive version ASTALDI Società per Azioni Registered Office/Head Office: Via Giulio Vincenzo Bona 65 - 00156 Rome (Italy) Registered with the Companies Register of Rome Tax Code no.: 00398970582 R.E.A. no. 152353 VAT no. 0080281001 Share capital: EUR 196,849,800.00 fully paid-in 1 Interim Financial Report at 30 June 2017 | Astaldi Group Translation under review from the Italian original, that remains the definitive version Interim Report at 30 June 2017 _______________________________________________________________________________________ _ 4 _ GENERAL INFORMATION _ 7 _ INTERIM REPORT ON OPERATIONS _ 57 _ CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS MANAGEMENT CERTIFICATION MISSION Astaldi Group’s mission is to contribute to developing and improving the quality of life in the countries where it operates. It does so by adopting its own style, which sees design, construction and operation of major infrastructures go hand in hand with integration with the territory and training of the people involved. Astaldi translates ideas into reality, meeting the needs of its own customers and opening new paths to progress by constructing state-of-the-art works able to combine functionality and aesthetic beauty. Astaldi Group is representative of Italy as regards infrastructures worldwide. It has long exported technology, know-how and innovative solutions, establishing a real partnership with customers. Astaldi contributes to the affirmation of Italy’s excellence the world over, cultivating talent and optimising brilliance. 2 Interim Financial Report at 30 June 2017 | Astaldi Group Translation under review from the Italian original, that remains the definitive version ELT (Extremely Large Telescope), Chile (The world’s largest optical telescope) First Stone Ceremony for ELT | 26 May 2017.
    [Show full text]
  • PRESS RELEASE WEBUILD (SALINI IMPREGILO) to WORK on €220M CONTRACT for TURIN-LYON HIGH-SPEED RAILWAY BASE TUNNEL MILAN, July 1
    PRESS RELEASE WEBUILD (SALINI IMPREGILO) TO WORK ON €220M CONTRACT FOR TURIN-LYON HIGH-SPEED RAILWAY BASE TUNNEL MILAN, July 10, 2020 – Webuild, formerly Salini Impregilo, and its partners have won a €220-million contract to help develop the base tunnel between Turin and Lyon, a major infrastructure project that is part of an ambitious European Union initiative of sustainable mobility to connect the continent’s railway networks and increase the transport of people and goods on rail rather than road. The Lot 5A contract, commissioned by Tunnel Euralpin Lyon Turin (TELT), is the latest acknowledgement of Webuild’s global leadership in tunnelling and the construction of major high-speed railways that contribute to the sustainable development of transport links across regions. Webuild will develop the project with joint- venture partners Vinci Construction Grands Projets, Dodin Campenon Bernard, VINCI Construction France and Bergteamet. Webuild has a 33% stake. Located at the center of the planned 57.5-kilometre base tunnel between the train stations of Susa in Italy and Saint-Jean-de-Maurienne in France, the contract consists of preparatory works for the future safety site at Modane. The excavations will create a logistics hub 500 metres below ground ahead of the drilling of 18 kilometres of tunnel under the Ambin Massif in the direction of Italy. It comprises the excavation of four shafts each 500 metres deep at Avrieux, using the raise-boring method for safety, speed and cost. The contract also entails the excavation by the conventional method with the use of explosives of tunnels, chambers and seven caverns - measuring up to 22 metres in height and 23 metres in width - at the base of the existing decline at Villarodin Bourget Modane.
    [Show full text]
  • 2019 Annual Report Annual 2019
    a force for good. 2019 ANNUAL REPORT ANNUAL 2019 1, cours Ferdinand de Lesseps 92851 Rueil Malmaison Cedex – France Tel.: +33 1 47 16 35 00 Fax: +33 1 47 51 91 02 www.vinci.com VINCI.Group 2019 ANNUAL REPORT VINCI @VINCI CONTENTS 1 P r o l e 2 Album 10 Interview with the Chairman and CEO 12 Corporate governance 14 Direction and strategy 18 Stock market and shareholder base 22 Sustainable development 32 CONCESSIONS 34 VINCI Autoroutes 48 VINCI Airports 62 Other concessions 64 – VINCI Highways 68 – VINCI Railways 70 – VINCI Stadium 72 CONTRACTING 74 VINCI Energies 88 Eurovia 102 VINCI Construction 118 VINCI Immobilier 121 GENERAL & FINANCIAL ELEMENTS 122 Report of the Board of Directors 270 Report of the Lead Director and the Vice-Chairman of the Board of Directors 272 Consolidated nancial statements This universal registration document was filed on 2 March 2020 with the Autorité des Marchés Financiers (AMF, the French securities regulator), as competent authority 349 Parent company nancial statements under Regulation (EU) 2017/1129, without prior approval pursuant to Article 9 of the 367 Special report of the Statutory Auditors on said regulation. The universal registration document may be used for the purposes of an offer to the regulated agreements public of securities or the admission of securities to trading on a regulated market if accompanied by a prospectus or securities note as well as a summary of all 368 Persons responsible for the universal registration document amendments, if any, made to the universal registration document. The set of documents thus formed is approved by the AMF in accordance with Regulation (EU) 2017/1129.
    [Show full text]
  • Humane Society Return
    OMB No. 1545-0047 Form 990 Return of Organization Exempt From Income Tax 2018 Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private foundations) Open to Public Department of the Treasury G Do not enter social security numbers on this form as it may be made public. Internal Revenue Service G Go to www.irs.gov/Form990 for instructions and the latest information. Inspection A For the 2018 calendar year, or tax year beginning , 2018, and ending , B Check if applicable: C D Employer identification number Address change Humane Society of Collier County, Inc. 59-1033966 Name change 370 Airport-Pulling Road N. E Telephone number Initial return Naples, FL 34104 239-643-1880 Final return/terminated Amended return G Gross receipts $ 5,122,242. Is this a group return for subordinates? Application pending F Name and address of principal officer: Sarah Baeckler Davis H(a) Yes X No H(b) Are all subordinates included? Yes No Same As C Above If "No," attach a list. (see instructions) I Tax-exempt status: X 501(c)(3) 501(c) ()H (insert no.) 4947(a)(1) or 527 J Website: G hsnaples.org H(c) Group exemption number G K Form of organization: X Corporation Trust Association OtherG L Year of formation: 1960 M State of legal domicile: FL Part I Summary 1 Briefly describe the organization's mission or most significant activities:To provide shelter and adoption services for pets while promoting responsible pet ownership. 2 Check this box G if the organization discontinued its operations or disposed of more than 25% of its net assets.
    [Show full text]
  • ASTALDI WILL BUILD the SUSPENSION BRIDGE OVER the DANUBE in the BRAILA AREA in ROMANIA Contract to Have a Total Value Equalling Approximately EUR 435 Million
    ASTALDI WILL BUILD THE SUSPENSION BRIDGE OVER THE DANUBE IN THE BRAILA AREA IN ROMANIA Contract to have a total value equalling approximately EUR 435 million Rome, 17 January 2018 – Astaldi announces that, in a joint venture, it has been awarded the contract to build a suspension bridge over the Danube, in the Braila area in Romania. The value of the works totals approximately EUR 435 million, with Astaldi responsible for a 60% share. The contract calls for designing and building a suspension bridge totalling 1,975 metres in length, with a main span of 1,120 metres, and two side spans 490 and 365 metres long. Two bridge access viaducts, 110 metres in length, will also be built, in addition to 23 kilometres of connecting roads. For the performance of the works, one year is planned for design and 3 years for construction. The Customer is CNAIR, the state company headed by Romania’s Ministry of Transport and Infrastructure. The works are included in the Master Plan for the country’s transport, and are financed with dedicated EU funds under the Large Infrastructure Operational Programme (LIOP). The design and construction will be carried out in a joint venture by Astaldi (the leader, with a 60% share) with the Japanese company IHI (40%). IHI is the world leader in design and construction of suspension bridges and it has already worked with Astaldi for the construction of the Osman Gazi Bridge in Turkey, the world’s 4th longest suspension bridge and part of the Gebze-Orhangazi-Izmir Motorway. The Astaldi Group has been in Romania for more than 25 years, having already built more than 100 kilometres of railways and undergrounds, 250 kilometres of roads and motorways, and 2 international airports (Henri Coanda in Otopeni, Bucharest and Avram Iancu in Cluj-Napoca).
    [Show full text]
  • Texas High Speed Rail Fact Sheet
    TEXAS HIGH SPEED RAIL FACT SHEET 1 2 TEXAS HIGH SPEED RAIL FACT SHEET 2 1. ONE OF THE LARGEST INFRASTRUCTURE CONTRACTS IN THE U.S. The transport infrastructure sector of Boston’s highway system completed ranks first in investment in the in 2007, assigned, in 1982, to various United States. contractors for $2.8 billion. The total The Interstate Highway System, investment for the Texas High Speed introduced in 1956 by President Dwight Rail is expected to be approximately D. Eisenhower to connect cities from $20 billion and represents one of the coast to coast with highways, bridges, largest infrastructure contracts in tunnels and viaducts, represents the the United States. largest total investment ever made in a Texas Central signed a design-build transport system in the U.S. with a total contract with Webuild Group (Texas investment of $528 billion up to 2018. High Speed Rail LLC is the company The second biggest infrastructure created by Webuild and its U.S. investment made in the United States subsidiary Lane Construction) to build was the Big Dig: a $21-billion renovation Texas High Speed Rail. Infrastructure system Single contract INTERSTATE BIG DIG TEXAS HIGHWAY SYSTEM HIGH SPEED RAIL $528 billion $21 billion $14 billion 3 OVERVIEW TEXAS HIGH SPEED RAIL TRAVEL TIME TOTAL INVESTMENT data in $ Texas High Speed Rail VALUE Texas Central signed a design-build Funding from less than 1.5 hours private funds: agreement with Webuild Group Interstate 45 debts and to build the Dallas-Houston private 4+ hours equity high-speed railway depending
    [Show full text]
  • Astaldi Group
    Astaldi Group “The project resulted in an improved planning process and an improved CASE STUDY analysis of profit and loss and financial position. Furthermore, the project has been the catalyst for change management within the organization, including forecasting our profit and loss and financial positions based on individual customer projects. This has resulted in a 50% reduction in manual processes.” Company Marco Caucci Molara CEO, Astaldi Concessioni Astaldi Group Head of Strategic Planning and Control, Astaldi Industry The Challenge Construction Market growth and increased international investment created the need to collect and consolidate financial data from 16 countries on five continents, manage multiple Replacement currencies, analyze foreign exchange differences and associated impact and risks (i.e., hedging, multi-scenario and currency assumptions, cash pooling for operations) and Oracle-Hyperion Enterprise revamp the cash flow planning processes from a short-term to a medium-to-long-term forecasting horizon. Uses of CCH Tagetik Moreover, the need to support top management decision-making processes with an enterprise risk management application set the challenge to create a structured risk • Balance Sheet and Financial management methodology that could also be integrated with the business processes of Planning all groups. This also resulted in the need for stringent analysis, control, and constant • Managerial and Statutory monitoring of performance including foreign exchange differences, profit and loss Consolidation forecasting, and scenario analysis. • Budgeting • Executive Dashboard A few of Astaldi’s key requirements were the ability to plan cash flow at the project, company, sub-group and group levels, generate rolling cash flow forecasts, produce • Project Risk Management balance sheets by project, and create statements of uses, sources of funds, and invested • Disclosure Management capital.
    [Show full text]
  • Paving the Road to Recovery As Global Construction Rebounds, Contractors Eye Infrastructure Spending As a Chance to Grow Revenue
    Overview p. 48 // International Market Analysis p. 48 // International Region Analysis p. 49 // 2020 Revenue Breakdown p. 49 2020 New Contracts p. 49 // Domestic Staff Hiring p. 49 // International Staff Hiring p. 49 // Top 10 by Region p. 50 Top 10 by Market p. 51 // Top 20 Non-U.S. International Construction/Program Managers p. 52 // Top 20 Non-U.S. Global Construction/Program Managers p. 52 // Profit-Lossp. 53 // Total Backlog p. 53 // Past Decade’s International Contractor Revenue p. 53 // How Contractors Shared the 2020 Market p. 54 // How To Read the Tables p. 55 // Hochtief's Highway Expansion p. 55 // Top 250 International Contractors List p. 57 // International Contractors Index p. 62 // Top 250 Global Contractors List p. 63 // Global Contractors Index p. 68 NUMBER 170 NUMBER TUNNEL VISION ICM SpA is contractor for the A26 Linzer Autobahn project in Austria, which includes construction of junction tunnels and a cable-stayed bridge. PHOTO COURTESY OF ICM SPA PHOTO COURTESY International Contractors Paving the Road to Recovery As global construction rebounds, contractors eye infrastructure spending as a chance to grow revenue. By Emell Adolphus, Peter Reina and Jonathan Keller enr.com August 16/23, 2021 ENR 47 0823_Top250_Intro.indd 47 8/17/21 6:34 PM nternational contractors on the long road to rebounding from the COVID-19 pandemic might find a shortcut to recovery in infrastructure projects, as countries ramp up spending to help build economies back to normal. While the global construction market is red hot for some firms, it is Istone cold for others as contractors deal with unpredictable project risks while readying for new growth opportunities.
    [Show full text]
  • Download the ENR Ranking
    Overview p. 34 // International Market Analysis p. 34 // Past Decade’s International Contracting Revenue p. 34 // International Region Analysis p. 35 // 2019 Revenue Breakdown p. 35 // 2019 New Contracts p. 35 // Domestic Staff Hiring p. 35 International Staff Hiring p. 35 // Profit-Loss p. 36 // 2019 Backlog p. 36 // Top 10 by Region p. 36 // Top 10 by Market p. 37 Top 20 Non-U.S. International Construction/Program Managers p. 38 // Top 20 Non-U.S. Global Construction/Program Managers p. 38 // Larsen & Toubro Ltd. Installs Massive Fusion Equipment p. 39 // How Contractors Shared the 2019 Market p. 40 // How To Read the Tables p. 40 // Top 250 International Contractors List p. 41 // International Contractors Index p. 46 // Top 250 Global Contractors List p. 47 // Global Contractors Index p. 52 CONNECTIONS China Communications 4 NUMBER Construction Group Ltd. is building the $500-million, 7,887-ft cable-stayed bridge connecting the Pelješac Peninsula with Croatia’s mainland. PHOTO COURTESY OF CHINA COMMUNICATIONS CONSTRUCTION GROUP LTD. GROUP CONSTRUCTION COMMUNICATIONS CHINA OF COURTESY PHOTO International Contractors Struggling With COVID-19 Rocked by the worldwide pandemic and plunging oil prices, the global construction market attempts to cope. By Gary J. Tulacz & Peter Reina enr.com August 17/24, 2020 ENR 33 0824_Top250_Intro_3.indd 33 8/18/20 5:44 PM 31.0% Transportation THE TOP 250 INTERNATIONAL CONTRACTORS $146,582.3 26.1% Buildings $123,456.9 Int’l Market Analysis 15.0% Petroleum $70,934.4 (2019 revenue measured in millions) 10.3% Power $48,556.6 5.6% Other 2.3% 3.4% $26,447.9 1.7% Manufacturing Industrial Telecom $10,822.1 $16,048.1 $7,842.1 % 0.1% 1.7% 2.9 Hazardous Sewer/Waste Water Waste $7,948.7 $13,904.0 $525.0 SOURCE: ENR Comparing the Past Decade’s International $383.7 $453.0 $511.1 $544.0 $521.6 $501.1 $468.1 $482.4 $487.3 $473.1 Contractor Revenue 2010* 2011* 2012 2013 2014 2015 2016 2017 2018 2019 (in $ billions) * Figures for 2010-2011 represent the Top 225 International Contractors before ENR expanded the list to 250.
    [Show full text]