Mexico and Chile star overseas OHL players
Spanish construction and concession group OHL posted higher year-on-year quarterly sales following a strong overseas performance, particularly in Mexico and Chile.
Overall sales rose 2.8% to 787mn euros (US$1.08bn) in the first quarter, while Ebitda rose 12.2% to 280mn euros, the company said in a release.
Central America and South America accounted for 28.7% of OHL's sales.
Net income, however, fell 11.2% to 60.4mn euros compared to a year ago, when the company benefited from an increase in its stake in Spanish infrastructure and concession group Abertis.
In the first quarter, OHL won Mexico's Atizapán-Atlacomulco and Chile's Américo Vespucio Oriente highway concessions.
In its concessions division, toll road revenue grew 11% amid an increase in traffic and higher prices.
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