- New projects in Canada and Scotland
- Concentration on building and transport projects
- Present value of the portfolio further increased
In the Concessions business segment we continue to concentrate on public sector building construction and transport infrastructure as well as on target markets with stable political and economic conditions in selected European countries, Australia and North America.
Over the course of 2007, we reached financial close on three new projects, into which equity capital of €24 million has been committed. At the end of last year, our portfolio comprised 18 projects and committed equity amounted to €161 million. Of that total, €71 million had been paid into project companies. Return on capital employed remains the decisive measure of success in our Concessions business segment. EBITA was slightly negative at minus €2 million (2006: minus €4 million) due to the early stage of maturity of the projects and high bidding costs.
