Vianini Lavori : 13/05/2015 - Board of Directors approves first quarter 2015 results

VIANINI LAVORI SPA Vianini Lavori: the Board of Directors approves first quarter 2015 results

 Revenues: euro 35.5 million (euro 36.1 million as of March 31st 2014)
 EBITDA: euro 332 thousand (euro -69 thousand as of March 31st 2014)
 Profit before taxes: euro 2 million (euro 1.9 million as of March 31st 2014)

 Group Shareholders' Equity: euro 720 million (euro 659.6 million as of

December 31st 2014)

Rome, May 13th 2015 - The Board of Directors of Vianini Lavori, chaired by Mario

Delfini, today approved 2015 first quarter results.
First quarter 2015 operating revenues reached euro 35.5 million, in line with Q1 2014 (euro 36.1 million) mainly due to the execution of existing project portfolio, barring some slowdown in Metro C and Galleria Pavoncelli projects.
Ebitda reached euro 332 thousand (euro -69 thousand as of March 31st 2014).
Result from associates was euro1.7 million (euro 1.9 million as of March 31st 2014) thanks to an improvement in Cementir Holding results. Acqua Campania Spa and Eurostazioni Spa results were positive but slightly down year-on-year.

Net financial result reached euro 51 thousand, slightly down from the euro 63 thousand of Q1 2014.

Profit before taxes reached euro 2 million, up 6.6% compared to March 31st 2014 (euro 1.9 million).
Group Shareholders' Equity reached euro 720 million (euro 659.6 million as of December 31st 2014). The increase is due to: mark-to-market valuation of financial investments in listed companies, Net Income for the period and associates results.

Net cash position reached euro 44.6 million, up from euro 40.6 million as of

December 31st 2014 as a result of cash flow from operations.

VIANINI LAVORI SPA

Outlook

The Civil engineering industry sector continues to be affected by a difficult situation due to reduced public investments. In such context the order backlog, valued at Euro 1.07 billion, guarantees operating continuity for the coming years.
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The Executive responsible for the preparation of company accounting documentation, Fabrizio Caprara, declares in accordance with article 154 bis, paragraph 2, of the Consolidated Finance Act, that the accounting information contained in the present press release corresponds to the underlying accounting documents, books and accounting records.

Attachment : Income Statement as of March 31st, 2015

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Vianini Lavori Group Consolidated Profit & Loss

Euro/000	Jan - Mar 2015	Jan - Mar Δ % 2014
TOTAL OPERATING REVENUES Labour Costs Other Operating Costs TOTAL OPERATING COSTS EBITDA Amortisation,depreciation & provisions EBIT Net result of the share of associates Net financial income/(charges) Profit before taxes Group Net Income (Loss) Minority interest share	35,462 (1,276) (33,854) (35,130) 332 (11) 321 1,672 51 2,044 2,044 -	36,083 -1.7% (1,321) -3.4% (34,831) -2.8% (36,152) -2.8% (69) n.a. (11) 0.0% (80) n.a. 1,935 -13.6% 63 -19.0% 1,918 6.6% 1,918 6.6% -