OHL soars 18% in the stock market after reducing losses

  • The construction company has published losses of 7.7 million euros
  • The operating results of all its activities were positive

The actions of OHL have soared on Tuesday in the stock market by 18% up to 1.19 euros per share, the main rise in the stock market, after presenting the results of the first quarter the day before, in which it lost almost nineteen times less than in the same period of 2018.

From January to March, OHL went from losses of 144.9 million to 7.7 million euros after reducing overhead costs, portfolio review and cash control that it has implemented.

As reported by the company last Monday to the National Securities Market Commission (CNMV), the ebitda was 9.1 million, compared to the negative result of 37 million registered in the first quarter of 2018, and stays positive for the second consecutive quarter.

OHL obtained in the first three months of the year positive results at the operational level and all activities (Construction, Industrial and Services) generated gross operating profit (ebitda).