Brochure 2010 INGLESE:2010

SURVEY 2010
THE ITALIAN
CONSTRUCTION
COMPANIES
IN THE WORLD
edited by the Directorate for Economic Affairs and Studies
and Overseas Works and International Relations Office
Italian construction companies’
overseas activities keep growing
despite domestic market’s
weakness
The 40 Italian construction companies which
are part of Ance’s Survey, have been increasing
their overseas activities in order to balance the
contraction of the domestic market. New
international markets have been targeted with
dynamism and determination.
The 2009 international turnover of the 40
companies has exceeded 7.2 billion euro, thus
achieving an annual 20% growth (average) for
the past 5 years. The 40 companies have
almost tripled their international turnover by
comparison to 2003 (2,5 billion euro), which is
now the 54% of the global.
These companies are running 576 construction
sites in 86 countries (+6 compared to last
year), with a portfolio of 44 billion euro.
In 2009 they have signed 170 new contracts
for a global value of 11 billion euro.
In addition, the companies operate
concessions for 16.7 billion euro.
The Italian construction companies’ core
business is the achievement of complex
infrastructures, such as railways, roads,
bridges, subways, pipelines, hydroelectric
plants and networks, hydraulic works, airports.
The Italian construction sector, which is
confronted with the persistent recession of it’s
domestic market, shows a remarkable
competitiveness on international markets.
Top Italian International Contractors
(million euro)
Rank
2009
2008
Company
International
Revenue 2009
Total
Revenue 2009
New Contracts
2009
1
1
Impregilo
1,763.0
2,706.0
4,032.5
2
2
Astaldi
1,028.2
1,869.5
1,561.2
3
3
Salini Costruttori (*)
884.1
1,115.7
689.8
4
4
Ghella
599.0
652.0
445.6
5
6
Bonatti
491.0
659.0
636.0
6
5
Trevi
418.4
502.3
74.0
7
7
Rizzani de Eccher
328.9
405.4
254.6
8
8
CMC
321.2
715.7
323.3
9
9
Pizzarotti
235.3
734.5
105.4
10
11
Renco
177.0
200.8
206.5
11
12
Bentini
175.0
204.0
294.3
12
10
Condotte
150.4
727.0
763.2
13
14
Seli
121.1
177.4
125.5
14
13
Sicim
102.7
149.4
255.5
15
15
Inso
85.8
209.3
37.3
16
16
Ferretti Int.
77.0
90.0
78.7
17
18
Ghizzoni
67.2
133.3
133.2
18
17
Maltauro
52.6
500.2
90.7
19
29
Conicos
35.5
35.5
7.0
20
23
Salcef
32.7
151.0
0.0
21
21
G.L. Fincosit
25.0
279.0
0.0
22
22
Valdadige
23.0
98.0
0.0
23
19
Vipp
18.1
58.8
31.4
24
24
Cossi
10.0
119.0
713.3
25
25
Claudio Salini
8.2
189.6
25.3
26
26
Edilmac
8.1
27.2
5.1
27
28
Vidoni
8.0
50.8
0.0
28
32
Matarrese
7.6
74.4
25.3
29
27
Ferretti Spa
3.8
9.2
1.7
30
31
Demoter
1.9
43.68
0.0
* Pro forma 2009 based on Salini’s and Todini’s consolidated statements, edited in accordance with standardized accounting methods
International Turnover
(2004-2009)
7,264.5
7000
10000
3,016.6
million euro
4,672.4
4000
3,595.2
8000
6,795.8
6000
2000
4000
1000
2000
0
NATIONAL TURNOVER
INTERNATIONAL TURNOVER
12000
5,535.0
5000
million euro
14000
6,382.6
6000
3000
National and International Turnover
(2004-2009)
3,016.6
6,248.5
3,595.2
6,222.0
4,672.4
6,574.9
5,535.0
6,901.9
6,196.2
7,264.5
6,382.6
0
2004
2005
2006
2007
2008
2004
2009
2005
2006
2007
2008
2009
The 2009 international turnover of the 40 Italian construction companies
has exceeded 7.2 billion euro, more than the double of 2004.
The international turnover rose from less than 30% in 2004
to more than 50% in 2009.
National v/s International Turnover
(2004-2009)
Company Size: International Turnover
compared to Total Revenue
240
INTERNATIONAL TURNOVER
220
NATIONAL TURNOVER
Company Size in terms
of Total Revenue (million euro)
2004 = 100
200
180
160
% of International
Turnover in 2004
% of International
Turnover in 2009
UP TO 50
9.8%
21.7%
51-100
2.6%
25.1%
101-250
35.9%
50.8%
251-500
30.2%
36.7%
OVER 500
32.5%
58.4%
TOTAL
30.7%
54.0%
140
120
100
80
2004
2005
2006
2007
2008
2009
International turnover is outpacing the domestic one significantly:
the distance between the two curves keeps widening.
International activities increase for all sizes of companies,
with picks that exceed the 50% for some of them.
Range of Contracts’ Amounts
(million euro)
> 1.000
VENEZUELA
ALGERIA
SWITZERLAND
PANAMA*
ETHIOPIA
UNITED ARAB EMIRATES
QATAR
ROMANIA
POLAND
KAZAKHSTAN
NIGERIA
ARGENTINA
LYBIA
501-1.000
UNITED STATES
GREECE
TURKEY
GREATER ANTILLES*
SOUTH AFRICA
ICELAND
GERMANY
FRANCE
101-500
COLOMBIA
UGANDA
KUWAIT
ANGOLA
MOZAMBIQUE
SPAIN
MOROCCO
SAUDI ARABIA
AZERBAIJAN
BULGARIA
ECUADOR
CONGO (REP.)
TUNISIA
LAOS
CHILE
EL SALVADOR
JORDAN
AUSTRIA
ARMENIA
ALBANIA
IRAN
* New Countries in 2009
51-100
SWAZILAND
COSTA RICA
HONG KONG (P.R.C.)
RUSSIA
BELGIUM
SIERRA LEONE
MALAWI
LESSER ANTILLES
BOLIVIA
LEBANON*
PERU*
CAPE VERDE
CROATIA
UKRAINE
GEORGIA*
BRAZIL
MALTA
< 50
NORWAY
TAJIKISTAN
HONDURAS
KENYA
CHINA
IRELAND*
ISRAEL
INDIA
SYRIA
ZIMBABWE
NICARAGUA
SLOVENIA
TANZANIA
BOSNIA-HERZEGOVINA
OMAN*
IRAQ
IVORY COAST
PHILIPPINES
MEXICO
SLOVAKIA*
GUINEA-BISSAU
HUNGARY*
URUGUAY
EGYPT
SWEDEN*
TAIWAN*
Concessions
ARGENTINA
BRAZIL
CHILE
CHINA
COSTA RICA
HONDURAS
UNITED KINGDOM
ITALIAN CONSTRUCTION SITES IN THE WORLD IN 2009
PRIMARY MARKETS FOR ITALIAN CONSTRUCTION FIRMS
million euro
Total Ongoing Contracts
1. VENEZUELA
2. ALGERIA
3. SWITZERLAND
4. PANAMA
5. ETHIOPIA
6. UNITED ARAB EMIRATES
7. QATAR
8. ROMANIA
9. POLAND
10. KAZAKHSTAN
Total Main 10 Markets
Total Ongoing Works
8,006.5
3,389.1
3,233.1
2,360.1
1,903.1
1,741.7
1,639.7
1,581.6
1,287.9
1,224.0
26,367.0
44,103.1
New Contracts in 2009
1. PANAMA
2,360.1
2. POLAND
1,223.8
3. SWITZERLAND
964.9
4. KAZAKHSTAN
789.1
5. ALGERIA
626.5
6. LIBYA
542.2
7. COLOMBIA
399.9
8. GREATER ANTILLES
327.6
9. GERMANY
279.2
10. UNITED ARAB EMIRATES 251.1
Total Main 10 markets in 2009 7,764.4
Total New Works in 2009
10,152.0
GEOGRAPHIC PRESENCE OF ITALIAN COMPANIES ABROAD
Amount of total works: 44,103.1 million euro
NORTH AMERICA
United States
Astaldi
Condotte
Grandi Lavori Fincosit
Impregilo
Rizzani
Trevi
959.7
CENTRAL AMERICA 3,337.8
Costa Rica
Astaldi
Ghella
El Salvador
Astaldi
Greater Antilles
Ghella
Impregilo
Honduras
Astaldi
Ghella
Lesser Antilles
Grandi Lavori Fincosit
Inso
Mexico
Edilmac
Ferretti Spa
Nicaragua
Astaldi
Panama
Impregilo
Seli
SOUTH AMERICA 10,018.0
Argentina
Edilmac
Ghella
Impregilo
Trevi
Bolivia
Grandi Lavori Fincosit
Brazil
Ghella
Impregilo
Seli
Chile
Astaldi
Colombia
Grandi Lavori Fincosit
Impregilo
Trevi
Ecuador
Impregilo
Peru
Astaldi
Uruguay
Inso
Venezuela
Astaldi
Ghella
Impregilo
Seli
Trevi
NORTH AFRICA
Algeria
Astaldi
Bentini
Bonatti
CLF
CMC
Condotte
Cossi
Pizzarotti
Rizzani
Salini Costruttori
Trevi
Egypt
Bonatti
Ethiopia
Salini Costruttori
Seli
Libya
Bonatti
Conicos
Ferretti International
Impregilo
Maltauro
Trevi
Morocco
Bentini
Bitumstrade
Claudio Salini
Matarrese
Pizzarotti
Salini Costruttori
Tunisia
Demoter
Salini Costruttori
Vipp
6,684.1
SUB-SAHAR. AFRICA 3,171.5
Angola
CMC
Trevi
Cape Verde
Maltauro
Congo (Rep.)
Renco
Sicim
Guinea Bissau
Trevi
Ivory Coast
Trevi
Kenya
Maltauro
Malawi
CMC
Mozambique
CMC
Nigeria
Bentini
Impregilo
Salini Costruttori
Trevi
Sierra Leone
Salini Costruttori
South-Africa
CMC
Impregilo
Swaziland
CMC
Tanzania
Maltauro
Uganda
Salini Costruttori
Zimbabwe
Salini Costruttori
EU
Austria
Bonatti
Pizzarotti
Seli
Belgium
Bentini
Renco
Bulgaria
Astaldi
CLF
Ferretti International
5,531.3
France
Edilmac
Ferretti Spa
Ghella
Ghizzoni
Inso
Pizzarotti
Vipp
Germany
Bonatti
Ghizzoni
Impregilo
Sicim
Greece
Ghizzoni
Impregilo
Inso
Seli
Hungary
Trevi
Ireland
Sicim
Malta
Ibi
Inso
Poland
Astaldi
Valdadige
Romania
Astaldi
Carena
Cossi
Ferretti Spa
Inso
Itinera
Monticava
Pizzarotti
Salcef
Secol
Vipp
Slovakia
Bottoli
Slovenia
Vidoni
Vipp
Spain
Bonatti
Seli
Vipp
Sweden
Trevi
United Kingdom
Impregilo
EUROPE EXTRA EU 5,320.4
Albania
Bonatti
Claudio Salini
Inso
Maltauro
Matarrese
Salini Costruttori
Armenia
Renco
Azerbaijan
Rizzani
Salini Costruttori
Bosnia-Herzegovina
Vidoni
Croatia
Ghizzoni
Salcef
Vipp
Georgia
Salini Costruttori
Iceland
Impregilo
Norway
Impregilo
Trevi
Russia
Rizzani
Seli
Switzerland
Condotte
Cossi
Edilmac
Impregilo
Pizzarotti
Turkey
Astaldi
Seli
Ukraine
Rizzani
Salini Costruttori
MIDDLE EAST
Jordan
Condotte
Iran
Seli
Trevi
Iraq
Bonatti
4,240.7
Israel
Seli
Kuwait
Impregilo
Lebanon
Rizzani
Oman
Trevi
Qatar
Impregilo
Rizzani
Saudi Arabia
Bonatti
Mont-Ele
Syria
Inso
United Arab Emirates
Impregilo
Rizzani
Salini Costruttori
Trevi
ASIA
China
CMC
Impregilo
Hong Kong
Seli
Trevi
India
Edilmac
Seli
Kazakhstan
Bonatti
Edilmac
Renco
Rizzani
Salini Costruttori
Sicim
Laos
CMC
Philippines
Trevi
Taiwan
Edilmac
Tajikistan
Rizzani
1,571.3
Geographic Distribution of Italian Companies in 2009
Total Amount of Contracts
New Contracts in 2009
Sub-Saharian Africa
8%
North Africa
16%
Sub-Saharian Africa
4%
Asia
Nord Africa
13%
Asia
4%
8%
Middle East
Middle East
10%
6%
Extra EU
11%
North America
2%
North America
Extra EU
2%
13%
Central America
Central America
8%
29%
EU
21%
EU
14%
South America
25%
South America
6%
The majority of ongoing contracts abroad is concentrated
in South-America. Other main geographic areas are North Africa,
the European Union and Europe Extra EU.
New contracts signed in 2009 are concentrated in Central America,
European Union and North Africa. The importance of Asia increases.
Amount of Contracts per Sector
Summarizing data on Italian
international contracts
0
0.8
GARBAGE DISPOSAL PLANTS
0.8
PORTS
1.1
PILES & FOUNDATIONS
2.6
RESIDENTIAL BUILDINGS
4.7
AIRPORTS
5.4
NON-RESIDENTIAL BUILDINGS
5.8
POWER, OIL & GAS
8.1
BUILDINGS
9.1
SUBWAYS
OTHERS
12.9 12.8
12.2
10
Value of Contracts
million euro
WORKS
HYDRAULIC WORKS
20
28.7
ROADS & BRIDGES
30
Construction
Sites n.
HYDROELECTRIC PLANTS
%
RAILWAYS
(% on Total Revenue)
0.8
The majority of Italian companies work on complex infrastructures (railways,
hydroelectric plants, roads, bridges, hydraulic works, subways).
New Contracts in 2009
170
10,152.0
Contracts Pre-existing 2009
406
33,951.1
Total Works
576
44,103.1
2
2,668.5
Concessions Pre-existing 2009
12
14,022.8
Total Concessions
14
16,691.3
CONCESSIONS
New Concessions in 2009
Italian contractors are running 576 construction sites abroad for an amount
exceeding 44 billion euro. Investment diversification is increasing.
The value of concessions has exceeded 16 billion euro.
COMPANIES PART OF ANCE’S 2010 SURVEY
Astaldi SpA
Ferretti International Srl
Pizzarotti & C. SpA
[email protected]
www.astaldi.com
[email protected]
www.ferretti-group.com
[email protected]
www.pizzarotti.it
Bentini SpA
[email protected]
www.bentini.it
Ferretti SpA
[email protected]
www.renco.it
Ghella SpA
Rizzani De Eccher SpA
Bitumstrade Srl
[email protected]
www.bitumstrade.it
[email protected]
www.ghella.com
Bonatti SpA
[email protected]
www.bonatti.it
Bottoli Costruzioni SpA
[email protected]
www.bottoli.it
Ghizzoni SpA
Grandi Lavori Fincosit SpA
[email protected]
www.glf.it
[email protected]
www.cmcra.com
Cogeis SpA
[email protected]
www.cogeis.it
Impregilo SpA
Cossi Costruzioni SpA
[email protected]
www.cossi.com
Demoter SpA
S.E.C.O.L. SpA
[email protected]
Ing. Claudio Salini SpA
S.E.L.I. SpA
[email protected]
[email protected]
www.claudiosalinispa.it
[email protected]
www.selitunnel.com
Inso SpA
[email protected]
www.sicim.eu
Condotte SpA
[email protected]
www.conicos.eu
[email protected]
www.salvatorematarrese.com
[email protected]
www.impregilo.it
[email protected]
www.inso.it
[email protected]
www.condotte.com
Con.i.cos SpA
Salini Costruttori SpA
Salvatore Matarrese SpA
[email protected]
www.ibispa.com
CLF SpA
Salcef SpA
[email protected]
www.salcef.com
[email protected]
www.salini.it
I.B.I. SpA
[email protected]
www.carenacostruzioni.com
C.M.C. Di Ravenna
[email protected]
www.rizzanideeccher.com
[email protected]
www.ghizzonispa.com
Carena SpA
[email protected]
www.clfspa.it
Renco SpA
[email protected]
www.ferrettispa.it
Sicim SpA
Trevi SpA
Itinera SpA
[email protected]
www.itinera-spa.it
[email protected]
www.trevispa.com
Valdadige SpA
Maltauro SpA
[email protected]
www.maltauro.com
[email protected]
www.valdadige.it
Vidoni SpA
Mont-Ele Srl
[email protected]
www.vidonispa.it
[email protected]
www.demoter-net.it
[email protected]
www.mont-ele.it
Edilmac Srl
Monticava Strade Srl
Vipp Lavori SpA
[email protected]
www.monticava.it
[email protected]
www.vippspa.com
[email protected]
www.edilmac.com
Overseas Works and International Relations Office
Via Guattani, 16 - 00161 Rome - Italy
Tel. + 39 06 84567 434/437 Fax + 39 06 84567 566
[email protected]
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