First Half 2026: performance in line with expectations, investment drive and international growth
31 July 2026An ongoing trend in line with expectations, continuous momentum in investments and accelerating international growth: this is how the first half of 2026 closes for ASTM Group. During the period, turnover reached €2.3 billion, up 3.3% compared to the previous year, EBITDA recorded a 2% growth compared to the same period in 2025, while net profit stood at €97 million. The company is consolidating its presence in foreign markets through an integrated business model encompassing concessions, EPC and technology activities.
- Concessions
Traffic volumes confirm a solid expansion trend across the Italian and Brazilian networks, supporting the growth of operating margins. At the national level, performance reflects the ramp-up of new sections using the Free Flow tolling system; on the South American front, progressive entry into service of recently acquired assets is driving ongoing growth. The Group confirms the strategic centrality of technological upgrades, digitalization, and safety across the 6,200 kilometers of concessions. ASTM is accelerating its consolidation in the United States: the imminent completion of the modernization of New York stations in accordance with the principles of the Americans with Disabilities Act (ADA), now 92% complete, is coupled with the appointment as Master Developer for the transformation of Penn Station in Manhattan.
- EPC
Through Itinera, active in over 10 countries, ASTM presides over the EPC sector globally. International operations include key markets such as the United States (via Halmar International) and Brazil (via Itinera Construções). The company continues to focus its efforts on strategic geographic areas (Italy, Central-Northern Europe, USA, and Brazil), forging major partnerships with key industry players. As of June 30, 2026, the order backlog amounts to over €7 billion, with a geographic breakdown of 44% in Italy and 56% abroad.
- Technology
Sinelec, ASTM’s technological arm, carries out the design and implementation of advanced technological solutions for the infrastructure sector. The company strengthens its market presence by operating both as an internal Group supplier and as a benchmark partner for external clients. The order backlog as of June 30, 2026, amounts to €686 million (46.3% captive, 53.7% third-party). Over the period Sinelec was awarded new works, including contractual addenda, for a total amount of approximately €204 million.
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