OHLA - comment

OHLA is seeking growth in the concessions business, where it got burned in the past. Overall order book growth was 11%, driven by the concessions business, which doubled to €1.1bn. Growth in the short-term order book year on year was only 1.9% (to €6bn). Operationally, Revenues and EBITDA were strong, reflecting prior growth in orders flowing through to revenue. We await any news on the asset sales or Canalejas arbitration on the call at 0900 (BST).