The economic health of European countries has raised concerns about VA Tech Wabag’s revenues from those nations. However, Rajiv Mittal, managing director of the company told CNBC-TV18 that they are experiencing no pressure on margins from that market.
“We operate in a very developed market. Most of our revenues this year come from countries like Switzerland, Czech Republic, Romania, etc. Also, these are projects which are under execution and hence have not seen pressure on margins in the overseas business” he said in an exclusive interview. He further adds that they expect EBITDA to remain around 7-8% levels, which is what they have seen over the last few years.....
The economic health of European countries has raised concerns about VA Tech Wabag’s revenues from those nations. However, Rajiv Mittal, managing director of the company told CNBC-TV18 that they are experiencing no pressure on margins from that market.
“We operate in a very developed market. Most of our revenues this year come from countries like Switzerland, Czech Republic, Romania, etc. Also, these are projects which are under execution and hence have not seen pressure on margins in the overseas business” he said in an exclusive interview. He further adds that they expect EBITDA to remain around 7-8% levels, which is what they have seen over the last few years.
Talking about the company’s operations in Libya, Mittal said that they did not consider Libyan sales while computing their 20% growth outlook for this fiscal year. “If the country opens up and we start operations that will be an upside to our revenues” he said.
Mittal also said that the company has received a request from its foreign institutional investors (FIIs) to increase their share in the shareholding of the company, which will be acted upon shortly. The company had recently got the approval to increase its FII holding to 49%.
“We operate in a very developed market. Most of our revenues this year come from countries like Switzerland, Czech Republic, Romania, etc. Also, these are projects which are under execution and hence have not seen pressure on margins in the overseas business” he said in an exclusive interview. He further adds that they expect EBITDA to remain around 7-8% levels, which is what they have seen over the last few years.....
The economic health of European countries has raised concerns about VA Tech Wabag’s revenues from those nations. However, Rajiv Mittal, managing director of the company told CNBC-TV18 that they are experiencing no pressure on margins from that market.
“We operate in a very developed market. Most of our revenues this year come from countries like Switzerland, Czech Republic, Romania, etc. Also, these are projects which are under execution and hence have not seen pressure on margins in the overseas business” he said in an exclusive interview. He further adds that they expect EBITDA to remain around 7-8% levels, which is what they have seen over the last few years.
Talking about the company’s operations in Libya, Mittal said that they did not consider Libyan sales while computing their 20% growth outlook for this fiscal year. “If the country opens up and we start operations that will be an upside to our revenues” he said.
Mittal also said that the company has received a request from its foreign institutional investors (FIIs) to increase their share in the shareholding of the company, which will be acted upon shortly. The company had recently got the approval to increase its FII holding to 49%.
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