Graña y Montero announces consolidated results for 3Q2017

Tuesday, October 31, 2017

Press Release by

Graña y Montero

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LIMA, Peru- Graña y Montero S.A.A. (NYSE: GRAM) (BVL: GRAMONC1) ("the Company" or "Graña y Montero") a leading Engineering and Construction company, announced its consolidated results for the third quarter ("3Q2017") period ended September 30, 2017. These results have been prepared in accordance with International Financial Reporting Standards ("IFRS") and are stated in nominal Peruvian Nuevos Soles (S/.).

Financial Highlights:

  • The Group achieved Revenues of S/ 4,462.1 MM during 3Q2017, a 5.3% increase compared to 3Q2016.
  • Gross Profit amounted to S/ 525.4 MM in 3Q2017, increasing 16.7% compared to 3Q2016.
  • EBITDA was S/ 900.4 MM in 3Q2017, 53.3% higher than the result obtained in 3Q2016.
  • Net Income reached S/ 238.8 MM in 3Q2017, 72.2% higher than in 3Q2016.
  • Backlog amounted to US$ 2,572.8 MM as of 3Q2017 and the recurrent businesses amounted to US$ 609.4 MM, reaching a total of US$ 3,182.2 MM, equivalent to 1.59x the annual revenues, maintaining the amount similar to the one registered in 2Q2017.

For a full version of Graña y Montero's 3Q2017 Earnings Release please click here