News Archive

- 2011
- 28/06/2011 2010 FY Results – Exceptional growth for production value + 71.7%
- 07/06/2011 Third edition of the educational project “La Talpa Salvatraffico”
- 09/05/2011 The Vice President of Nigeria visits Gurara
- 03/05/2011 Salini is in pole position for the Alvito hydroelectric project in Portugal
- 31/03/2011 Salini will build the biggest dam in Africa
- 14/03/2011 Salini Costruttori sponsors Metrorail 2011
- 10/03/2011 Ground-Breaking Ceremony for the Ulu Jelai Hydroelectric Project, Malaysia
- 08/03/2011 Prossy Mirembe is African Champion of Kayak
- 22/02/2011 Salini joins the UN Global Compact
- 08/02/2011 The President of Uganda Yaoweri Museveni visits Salini’s construction site at Bujagali
- 07/01/2011 Salini signs the 1.7 billion euro contract for Copenhagen's new metro
- 2010
- 26/12/2010 Salini chooses Filippo La Mantia for its Christmas 2010 lunch
- 23/12/2010 Managing Director Pietro Salini’s best wishes for a successful 2011
- 22/12/2010 Breakthrough at “Variante of Valico” on A1 motorway N.Italy
- 17/12/2010 Salini moves into Malaysia expanding its international activities and strengthening its presence in Asia
- 15/12/2010 Salini ramps up major projects outside Italy
- 10/12/2010 Line B1 work sites open to the Roman public
- 02/12/2010 Luisa Todini: Italy is Russia’s privileged partner in relations with the EU
- 24/11/2010 Salini Costruttori awarded Cityringen contract in Copenhagen
- 27/10/2010 Ance Report 2010: Salini holds third place among Italian business in the world
- 04/10/2010 Nigeria’s 50th Anniversary celebrated at Salini work site
- 29/09/2010 The President of Nigeria visits Cultural Centre & Millennium Tower in Abuja
- 22/09/2010 Rome-Fiumicino-fair: official opening to traffic
- 19/09/2010 Excavation of first tunnel of Rome's B1 Underground Line completed
- 14/09/2010 Salini Group jumps 13 positions in the ENR Ranking
- 07/09/2010 FIEC applauds the important role given to the European construction industry by President Barroso
- 20/07/2010 The original model of the “Madunina” returns to Milan
- 20/07/2010 The Salini Group sponsors the Summer School for engineers and architects
- 19/07/2010 Undersecretary Stefania Craxi replies to the interpellation on Gibe III
- 16/07/2010 The Salini Group is the third Italian General Contractor
- 14/07/2010 The Salini Group in Milan for the Forum for the Mediterranean
- 26/06/2010 Sustainability becomes Science: the International Conference in Rome
- 15/06/2010 Salini in Libya for the first Conference on the Railways Sector
- 08/06/2010 Gurara, positive test for the third-unit turbine
- 08/06/2010 The young prize-winners of the “La Talpa Salvatraffico” project
- 27/05/2010 Mayor Alemanno opens excavations on the last stretch of Rome’s Metro B1
- 27/05/2010 Luisa Todini is the new President of Costruttori Europei
- 24/05/2010 Salini Costruttori: a new project in Sierra Leone
- 21/05/2010 Albania: Prime Minister Sali Berisha meets with Pietro Salini in Tirana
- 21/05/2010 The joint venture headed by Salini takes the lead for the Copenhagen Metro
- 20/05/2010 Salini Costruttori at Palermo University: a new stage in the recruitment of young engineers
- 20/05/2010 Ethiopia’s First Lady inaugurates the new Gefersa hospital
- 18/05/2010 Salini awarded modernisation work for Al Kufra Airport
- 18/05/2010 Metro B1: the tunnelling machine reaches Annibaliano Station
- 29/04/2010 Salini Costruttori aiding victims of the Bududa landslide
- 29/04/2010 Salini Costruttori at Career Day at Cagliari University
- 14/04/2010 Salini Costruttori is the FAI Corporate Golden Donor
- 12/04/2010 His Holiness Benedict XVI receives Pietro Salini in a private audience
- 30/03/2010 Gibe III: the Survival figures are obviously incorrect
- 23/03/2010 Salini Costruttori: the Gibe project is a great opportunity for developing Africa
- 16/03/2010 Egypt: Salini Costruttori in Cairo to meet with young talents
- 15/03/2010 Malaysia: Salini Costruttori at the Third International Conference on Water Resources
- 14/03/2010 Dubai: Todini recognised as “best construction site 2009”
- 03/03/2010 Italian companies on the old Silk Road. Salini Group: new contracts for more than 670 million
- 23/02/2010 Nigeria: Salini Costruttori awarded the contract for the Abuja highway
- 20/02/2010 Metro B1 line, the second tunnelling machine reaches the station
- 11/02/2010 The President of the World Bank visits Sierra Leone and praises Bumbuna
- 04/02/2010 Technical problems during commissioning on Gilgel Gibe II
- 15/01/2010 Uganda : President Yoweri Kaguta Museveni meets with Salini Costruttori’s MD, Pietro Salini
- 13/01/2010 Salini: Gilgel Gibe II hydroelectric plant inaugurated in Ethiopia
- 2009
- 21/12/2009 Salini - Todini: The birth of the third Italian General Contractor
- 04/12/2009 Santa Barbara Day celebrated as B1 line boring machine arrives at station
- 01/12/2009 Salini achieves the ISO 14001:2004
- 18/11/2009 Launching ceremony of the new construction site for the Rome Metro B1 extension from Conca d’Oro to Jonio
- 12/11/2009 Share capital increase
- 08/11/2009 Ethiopia : Headrace Tunnel Breakthrough at Beles
- 06/11/2009 Sierra Leone - Commissioning of phase 1of the Bumuna Hydroelectric project
- 23/10/2009 Salini - Todini: Italian Antitrust Authority gives go-ahead
- 17/10/2009 Ethiopia - Gibe II : testing of first turbine
- 05/10/2009 Uganda: Opening of Kampala Northern By Pass
- 02/10/2009 Eprcomunicazione becomes Salini Costruttori’s Press and Communication Agency
- 01/09/2009 Salini obtains OHSAS 18001:2007 certification
- 30/07/2009 Salini’s new website now online
- 30/06/2009 Denmark: Salini Costruttori in Metro tender
- 18/06/2009 Ethiopia: State Secretary Mantica inaugurates Africa’s longest tunnel
- 18/02/2009 Foreign Affairs Minister Frattini visits Sierra Leone
- 2008
28 Jun 2011
2010 FY Results – Exceptional growth for production value + 71.7%
The FY 2010 consolidated balance sheet presented to the Shareholders Assembly chaired by Arch.Simonpietro Salini, reported a pre-tax net income of 55.4 million euro and net income of 31.05 million euro in relation to a production value of 1,122.8 million euro (+71.7% compared to FY 2009).
The FY 2010 results continue to show a positive trend and confirm the Group’s expansion: it is currently active in 40 countries across 4 different continents, employs 12,873 people worldwide and is ranked amongst the élite of international contractors and as the third Italian General Contractor.
Todini Costruzioni was fully integrated in December 2010. The subsidiary registered a production value of 470.98 million euro representing a return to profit and a net income of 5.5 million euro.
EBITDA is 168.05 million euro (compared to 101.72 million euro for the previous year) maintaining a 15% margin. EBIT is 72.4 million euro (positive) (compared to 39.4 million euro in 2009), EBIT margin is 6.4% (compared to 6% last year) and net income is 31.05 million euro (positive)
Net financial debts as of 31 December are equal to 229.5 million euro. Salini is able to confirm strong income ratios.
Net Debt/Equity is equal to 0.99 (sector average 1.25)
Net Debt/EBITDA is equal to 1.37 (sector average 2.51)
The Group’s work contracts portfolio amounted to 14.7 billion euro as of 31 December 2010, of which 67% is still to be executed, equivalent to a total of 9.9 billion euro (1.4 in Italy, 1.5 in Europe, 1.2 in Asia and 5.8 in Africa). Compared to the previous year the work contracts portfolio increased threefold (an increase of 8.7 billion euro) thanks to major work contracts acquired in Denmark, Ethiopia, Nigeria and Malaysia. The 9.9 billion euro when compared to the 2010 turnover, represents a decade of prospective production and becomes a unique benchmark in the reference market.
This amount guarantees future growth in coming years and confirms dams and hydroelectric projects as the Group’s core business (52.4%) followed by railways and underground works (23.3%) roads and motorways (13.0%) and civil buildings 11.2%.
Africa, driven by Ethiopia, is the Group’s predominant market (59.7%) followed by Europe (27%) and Asia (13.3%).


