First Half 2021 Financial Results
Income Statement
Webuild Group
Reclassified statement of profit or loss adjusted
Financial Statement June 30, 2021
1st half 2020 Adjusted
1st half 2021 Adjusted
(€/000)
Total revenue and other income
Webuild Joint ventures not Condotte out-of-court
Group controlled by Lane (*)| agreement (**)
Webuild
Total Adjusted
Joint ventures not
Group controlled by Lane (*)
Total Adjusted
2,033,181
179,929
2,213,111
3,047,148
90,324
3,137,472
Gross operating profit (EBITDA)
87,127
8,798
15,000
EBITDA %
4.3%
4.9%
110,925
5.0%
183,354
14,234
197,588
6.0%
15.8%
6.3%
Impairment losses
(27,118)
20,284
Provisions, amortisation and depreciation
(68,829)
Operating profit (loss) (EBIT)
(8,820)
8,798
35,284
R.O.S. %
-0.4%
4.9%
(6,834)
(68,829)
35,262
1.6%
(6,360)
(129,905)
47,089
1.5%
14,234
(6,360)
(129,905)
61,323
15.8%
2.0%
Financing income (costs) and gains (losses) on equity
investments
Financial income
42,629
42,629
29,101
Financial expenses
(76,773)
(76,773)
(102,360)
29,101
(102,360)
Net exchange gains (losses)
(14,487)
(14,487)
19,461
19,461
Net financing income (costs)
(48,631)
(48,631)
(53,798)
(53,798)
Net gains (losses) on equity investments
(1,726)
(8,798)
(10,524)
(3,730)
(14,234)
(17,964)
Net financing income (costs) and net gains (losses) on
(50,357)
(8,798)
(59,155)
(57,528)
(14,234)
(71,762)
equity investments
Profit (loss) before taxes (EBT)
(59,177)
35,284
(23,893)
(10,439)
(10,439)
Income taxes
(26,577)
(26,577)
(54,052)
(54,052)
Profit (loss) from continuing operations
(85,754)
35,284
(50,470)
(64,491)
(64,491)
Profit (loss) from discontinued operations
(3,448)
(3,448)
Profit (loss) before non-controlling interests
(85,754)
35,284
Non-controlling interests
2,211
(50,470)
2,211
(67,939)
(67,939)
8,583
Profit (loss) for the period attributable to the owners of
the parent
(83,543)
35,284
(48,259)
(59,356)
8,583
(59,356)
(*) The Group monitors the key figures of Lane Group for management purposes adjusting the IFRS figures prepared for consolidation purposes to present the results of the non-subsidiary joint
ventures consolidated on a proportionate basis. These figures show the status of contracts managed directly by Lane Group or through non-controlling investments in joint ventures
(**) The figures shown are adjusted economic data of the effects of the Settlement Agreement with Società Italiana per Condotte d'Acqua S.p.A. in A.S. ("Condotte") which, during the first
half of 2020, entailed the recognition of a total amount of € 81 million to Condotte, of which € 66 million through the waiver of the Consortium's receivables from Condotte itself and € 15
million through cash payments. Considering that, at December 31, 2019, a bad debt provision of € 46 million had been posted, the overall effect of the settlement agreement is a charge of €
35 million, of which € 20 million as a loss on receivables - resulting from the waiver to the credit of 66 million net of the use of the aforementioned fund - and € 15 million classified under various
management charges, as a transaction charge
First Half 2021 Financial Results
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