CMC Ravenna 6,875% 2017-22 (XS1645764694) - 6% 2017-23 (XS1717576141) (2 lettori)
Proteus40
Forumer attivo
Ma si può dire che CMC di appalti ne ha anche persi, ho letto di recente di un gara, mi pare in Svezia, dove ha perso, quindi non direi che sono disposti a tutto, poi è evidente che visti i pochi utili, sempre presenti, ma indubbiamente bassi, il margine non permetteva certo eventuali scossoni come questi. Cosa del resto comune a praticamente tutte le aziende di costruzione italiane ed infatti si vede come sono messe. Ma fino a pochi mesi addietro molti commentatori finanziari riferivano che CMC era cresciuta molto in questi anni di crisi, proprio grazie anche al management abile nel evitare rischi eccessivi e mantenere i giusti equilibri.
chantilly
Forumer attivo
CMC di
Cooperativa Muratori & Cementisti C.M.C. di Ravenna Scpa
Ravenna (‘CMC’) provides the following update to investors in line with the contemplated timetable:
Delayed Payments : in contrast to our expectations, none of the six delayed payments (“Delayed Payments”), which affected our debt in June 2018 and still outstanding on September 14, 2018, has been received by the end of the third quarter nor as at the date of this update. We continue to work with our contract counterparties to collect the payments, which are expected to be received during the fourth quarter 2018. We will provide an update on November 28, when we will release our interim results report as at September 30, 2018.
Net Financial Position: our Adjusted Net Financial Position at September 30, 2018 is substantially unchanged compared to the one reported on June 30, 2018.
Operating Performance: the Board affirms its guidance for the full year forecasts for Turnover and EBITDA margins to remain in line with the guidance shared with investors in May 2018, i.e. Turnover c.10% higher than 2017 and EBITDA margin c.13%.
Liquidity: with regard to our €165million Revolving Credit Facility ( RCF) we have taken initial steps to strengthen our liquidity profile. We have started and continued negotiations with our core banks with the intention to extend the maturity of the existing facility from its current expiry date. We aim to conclude negotiations before year end. We will update investors in due course as the negotiations progress.
We advise that consolidated cash at September 30 was approximately €80 million. We continue to have approximately €110 million of short term facilities available to the Group and the amount of short term lines provided to the Group remains unchanged compared to levels provided over the last several years. We further advise that we continue to have healthy availability under our guarantee facilities.
ANAS: we continue to have a substantial amount of working capital tied up in ANAS projects. We are holding constructive discussions with the top management of ANAS aimed at finding a solution of mutual satisfaction for all the outstanding disputes.
We reiterate that the working capital overshoot from June 2018 is a timing issue which we fully expect to reverse.
For further information:
Andrea Pierpaoli
Investor Relation CMC di Ravenna [email protected]
Tel: +44 207 993 4311
Ravenna, October 15, 2018
TROVATA
Cooperativa Muratori & Cementisti C.M.C. di Ravenna Scpa
Ravenna (‘CMC’) provides the following update to investors in line with the contemplated timetable:
Delayed Payments : in contrast to our expectations, none of the six delayed payments (“Delayed Payments”), which affected our debt in June 2018 and still outstanding on September 14, 2018, has been received by the end of the third quarter nor as at the date of this update. We continue to work with our contract counterparties to collect the payments, which are expected to be received during the fourth quarter 2018. We will provide an update on November 28, when we will release our interim results report as at September 30, 2018.
Net Financial Position: our Adjusted Net Financial Position at September 30, 2018 is substantially unchanged compared to the one reported on June 30, 2018.
Operating Performance: the Board affirms its guidance for the full year forecasts for Turnover and EBITDA margins to remain in line with the guidance shared with investors in May 2018, i.e. Turnover c.10% higher than 2017 and EBITDA margin c.13%.
Liquidity: with regard to our €165million Revolving Credit Facility ( RCF) we have taken initial steps to strengthen our liquidity profile. We have started and continued negotiations with our core banks with the intention to extend the maturity of the existing facility from its current expiry date. We aim to conclude negotiations before year end. We will update investors in due course as the negotiations progress.
We advise that consolidated cash at September 30 was approximately €80 million. We continue to have approximately €110 million of short term facilities available to the Group and the amount of short term lines provided to the Group remains unchanged compared to levels provided over the last several years. We further advise that we continue to have healthy availability under our guarantee facilities.
ANAS: we continue to have a substantial amount of working capital tied up in ANAS projects. We are holding constructive discussions with the top management of ANAS aimed at finding a solution of mutual satisfaction for all the outstanding disputes.
We reiterate that the working capital overshoot from June 2018 is a timing issue which we fully expect to reverse.
For further information:
Andrea Pierpaoli
Investor Relation CMC di Ravenna [email protected]
Tel: +44 207 993 4311
Ravenna, October 15, 2018
TROVATA
chantilly
Forumer attivo
Net Financial Position: our Adjusted Net Financial Position at September 30, 2018 is substantially unchanged compared to the one reported on June 30, 2018.
Operating Performance: the Board affirms its guidance for the full year forecasts for Turnover and EBITDA margins to remain in line with the guidance shared with investors in May 2018, i.e. Turnover c.10% higher than 2017 and EBITDA margin c.13%.
Liquidity: with regard to our €165million Revolving Credit Facility ( RCF) we have taken initial steps to strengthen our liquidity profile. We have started and continued negotiations with our core banks with the intention to extend the maturity of the existing facility from its current expiry date. We aim to conclude negotiations before year end. We will update investors in due course as the negotiations progress.
We advise that consolidated cash at September 30 was approximately €80 million. We continue to have approximately €110 million of short term facilities available to the Group and the amount of short term lines provided to the Group remains unchanged compared to levels provided over the last several years. We further advise that we continue to have healthy availability under our guarantee facilities.
ANAS: we continue to have a substantial amount of working capital tied up in ANAS projects. We are holding constructive discussions with the top management of ANAS aimed at finding a solution of mutual satisfaction for all the outstanding disputes.
We reiterate that the working capital overshoot from June 2018 is a timing issue which we fully expect to reverse.
For further information:
Andrea Pierpaoli
Investor Relation CMC di Ravenna [email protected]
Tel: +44 207 993 4311
Ravenna, October 15, 2018
(Estratto...)
Operating Performance: the Board affirms its guidance for the full year forecasts for Turnover and EBITDA margins to remain in line with the guidance shared with investors in May 2018, i.e. Turnover c.10% higher than 2017 and EBITDA margin c.13%.
Liquidity: with regard to our €165million Revolving Credit Facility ( RCF) we have taken initial steps to strengthen our liquidity profile. We have started and continued negotiations with our core banks with the intention to extend the maturity of the existing facility from its current expiry date. We aim to conclude negotiations before year end. We will update investors in due course as the negotiations progress.
We advise that consolidated cash at September 30 was approximately €80 million. We continue to have approximately €110 million of short term facilities available to the Group and the amount of short term lines provided to the Group remains unchanged compared to levels provided over the last several years. We further advise that we continue to have healthy availability under our guarantee facilities.
ANAS: we continue to have a substantial amount of working capital tied up in ANAS projects. We are holding constructive discussions with the top management of ANAS aimed at finding a solution of mutual satisfaction for all the outstanding disputes.
We reiterate that the working capital overshoot from June 2018 is a timing issue which we fully expect to reverse.
For further information:
Andrea Pierpaoli
Investor Relation CMC di Ravenna [email protected]
Tel: +44 207 993 4311
Ravenna, October 15, 2018
(Estratto...)