OHL’s results until September have evidenced positive performance with a growth in Sales (3.5%), until reaching 2,119.9 million Euros, and have consolidated gross margins and positive EBITDA. For its part, the Earnings Before Interest and Taxes (EBIT) has reached 4 million Euros over losses of 500.8 million Euros in the same period the previous year.
In this context, following the closing of the first nine months of the year, OHL is moving towards achieving its estimated growth for 2019.
Focusing on operating profit (EBITDA), of interest is that it amounts to 40.1 million Euros by September 2019, over losses of 467.5 million Euros in the same period the previous year. It also stands out the Construction EBITDA that reaches 53.3 million Euros, a percentage of 3% onSales, compared to losses of 305.7 million Euros from January to September in 2018.
With the figures generated during the first nine months of the year, OHL consolidates its expectations to end 2019 with a figure over 45 million Euros in EBITDA terms.