Operating profit

The operating profit achieved during 2015, substantially reflects, the evolution of the production activities described in the comments to the item “Revenue”. The period’s margin is 5.8% (5.8%). The effects of the purchase price allocation that regard the acquisition of the Impregilo Group, which occurred during 2013, amount to € 9.9 million and are mainly represented by the amortizations of intangible assets.

The overhead costs for the central corporate units and the other general expenses of the HQ, for this reporting period totalled approximately € 143.3 million (€ 142.9 million).

The operating profit realised abroad was € 399.3 million, while in Italy, before corporate costs, it amounted to € 16.6 million.