It aims to reach EUR400 million in five years’ time.
The 2012 revenue is similar to the revenue posted last year, according to ZF’s information, based on the amounts collected from Romania’s national company in charge of highways and national roads, CNADNR, Astaldi’s main client.
Foreign companies usually operate via several legal entities in Romania, and there are no data about their exact number, which is true for Astaldi, as well.
Astaldi has contracts signed in Romania worth about EUR440 million at the moment, according to ZF’s calculations based on an Astaldi report.
The company devised its five-year business plan and expects revenue on the local market to go up to about EUR400 million by 2017 or 10% of the total revenue of the group. The contract portfolio should reach about EUR1 billion in five years or 8% of the total projects of the group.
Luca Canino, who runs Astaldi’s operations in Romania had not returned ZF’s calls for comment on the results expected for 2012 by the time the story was ready for posting.
Italian companies are among the most important builders on the local market, gaining some of the biggest infrastructure work contracts year by year. The cooperation with Italian companies and especially Astaldi started well over a decade ago when Romania’s President Traian Basescu was Bucharest mayor.
Astaldi and Spain’s FCC Construccion built the Basarab Overpass, one of the most important infrastructure projects in recent years, which cost EUR240 million.
It also worked with Germany’s Max Boegl on the National Arena stadium in Bucharest, an about EUR200 million project. The two were inaugurated last year.
Astaldi is mainly known for its work on highways and national roads, but the crisis made it bid for other types of infrastructure projects. It won a railway upgrade contract for the 41-kilometer Curtici-Arad railway section in western Romania last year. In order to win the EUR254 million contract it teamed up with Alstom Transport (France), Swietelsky (Austria), Euro Construct Trading 98, and Dafora. Astaldi should get EUR48 million of this amount.
It also won the contract to build Line 5 of the Bucharest subway running from Raul Doamnei to Eroilor (connecting a district in the west of the city to its center) last year. The contract is worth EUR215 million and its partners are FCC Construccion (Spain), Delta ACM 93 and AB Construct.
(English version by Loredana Fratila-Cristescu)