Spanish construction company sees significant growth
- OHLA shares rise 7.1% after swinging to a profit
- Net profit of 14.2 million euros reported for the first nine months
- Earnings before interest, taxes, depreciation, and amortization rose nearly 43%
- Sales increased 9.7% to 2.26 billion euros
- Order intake slipped to 2.45 billion euros
Shares in Obrascon Huarte Lain (OHLA) soared by 7.1% after the Spanish construction company reported a net profit of 14.2 million euros for the first nine months of the year. This marks a significant turnaround from last year’s loss of 88.8 million euros. OHLA also saw a nearly 43% increase in earnings before interest, taxes, depreciation, and amortization, reaching 84.2 million euros. Sales for the period rose by 9.7% to 2.26 billion euros. However, the company’s order intake declined to 2.45 billion euros, compared to 2.84 billion euros last year. OHLA remains optimistic about its full-year outlook, expecting sales of around 3.50 billion euros, Ebitda of more than 125 million euros, and order intake of more than 3.60 billion euros.
Factuality Level: 8
Factuality Justification: The article provides specific financial figures and data about Obrascon Huarte Lain’s profit, sales, net profit, earnings before interest, taxes, depreciation, and amortization, and order intake. The information is verifiable and based on the company’s official report. However, the article does not provide any analysis or context about the company’s performance, which could be useful for a more comprehensive understanding.
Noise Level: 7
Noise Justification: The article provides information on the financial performance of Obrascon Huarte Lain, including its profit, sales, and order intake. However, it lacks analysis or insights into the long-term trends or consequences of these numbers. It also does not provide any evidence or data to support its claims. Overall, the article is mostly focused on reporting financial figures without providing much context or actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Obrascon Huarte Lain (OHLA)
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Obrascon Huarte Lain, a Spanish construction company. It provides information on the company’s profit, sales, and order intake for the first nine months of the year. There is no mention of any extreme event or its impact.
Public Companies: Obrascon Huarte Lain (OHLA)
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