The document reports on ACCIONA Group's Q1 2015 results. Key points include:
- Revenues increased 9% to €1.528 billion, driven by 31.6% growth in Energy revenues.
- EBITDA grew 24.3% to €280 million due to strong Energy performance.
- Attributable net profit increased 28.5% to €42 million.
- Net debt grew slightly to €5.38 billion while equity rose 3.1% to €3.726 billion.
- Energy division revenues increased 31.6% and EBITDA grew 28.9% on strong wind and international generation results.
This document summarizes the financial results of ACCIONA Group for the first half of 2015. Key points include:
- Revenues increased 9.9% to €3,304 million driven by growth in energy business.
- EBITDA grew 21.4% to €573 million with energy contributing most at 82%.
- Attributable net profit increased 50.6% to €103 million.
- Net debt decreased 2.7% to €5,153 million while gearing improved.
- Capital expenditure declined 48.2% to €99 million mainly in energy division.
- Revenues for the ACCIONA Group decreased 7.2% to €1.418 billion in Q1 2016 compared to Q1 2015, mainly due to lower energy revenues.
- EBITDA decreased slightly to €277 million, with Energy contributing the most at 77% and Construction at 19%.
- Attributable net profit increased 17.4% to €49 million, boosted by €26 million in extraordinary gains.
- Capital expenditures were €299 million, a large increase over Q1 2015, mainly for the energy, water and infrastructure divisions.
Results driven by growth in power generation and Acciona Windpower in international markets. Earnings before tax (EBT) increases 69.5% to €248 million. Ebitda increases by 14.4% to €883 million. Consolidated revenues grow 4.6% to €4,946 million.
This is ACCIONA Results Presentation 9 M 2015. Results driven by growth in power generation and Acciona Windpower in international markets. Earnings before tax (EBT) increases 69.5% to €248 million. Ebitda increases by 14.4% to €883 million. Consolidated revenues grow 4.6% to €4,946 million.
The document summarizes ACCIONA's financial results for the first quarter of 2014. Key points include:
- Revenues decreased 8.7% to €1,402 million due to regulatory changes in Spain negatively impacting the Energy division and lower construction activity.
- EBITDA fell 19.3% to €226 million mainly from lower contributions from Energy and Infrastructure.
- EBIT was up at €129 million due to a change in accounting for wind assets and gains from selling German renewable assets.
- Net profit was €33 million, similar to the prior year, as financial results were stable and prior year gains offset lower operating results.
The complete presentation “First half 2011 results”BOURBON
Bourbon reported its financial results for the first half of 2011, showing increases in revenue, operating income, and fleet size compared to the same period last year. The number of owned vessels grew 9% to 424 ships. Revenue increased 18.8% to 482.7 million euros, while operating income rose 19.9% to 43.1 million euros. However, net income was impacted by foreign exchange losses from the weakening euro. Bourbon's marine and subsea services divisions all saw revenue and profitability improvements.
- Revenues for the first half of 2016 decreased 16.3% to €2.764 billion compared to the same period in 2015, mainly due to the deconsolidation of AWP and lower construction activity in Spain.
- EBITDA decreased 8.4% to €525 million due to lower contributions from the Energy division, while the EBITDA margin increased 1.6 percentage points to 19%.
- EBIT was €868 million, a 175.4% increase primarily from an extraordinary capital gain of €616 million related to the sale of AWP.
Wolters Kluwer, a global leader in professional information services, released its 2015 Full-Year Results. For the full report, visit http://wolterskluwer.com/investors.
This document summarizes the financial results of ACCIONA Group for the first half of 2015. Key points include:
- Revenues increased 9.9% to €3,304 million driven by growth in energy business.
- EBITDA grew 21.4% to €573 million with energy contributing most at 82%.
- Attributable net profit increased 50.6% to €103 million.
- Net debt decreased 2.7% to €5,153 million while gearing improved.
- Capital expenditure declined 48.2% to €99 million mainly in energy division.
- Revenues for the ACCIONA Group decreased 7.2% to €1.418 billion in Q1 2016 compared to Q1 2015, mainly due to lower energy revenues.
- EBITDA decreased slightly to €277 million, with Energy contributing the most at 77% and Construction at 19%.
- Attributable net profit increased 17.4% to €49 million, boosted by €26 million in extraordinary gains.
- Capital expenditures were €299 million, a large increase over Q1 2015, mainly for the energy, water and infrastructure divisions.
Results driven by growth in power generation and Acciona Windpower in international markets. Earnings before tax (EBT) increases 69.5% to €248 million. Ebitda increases by 14.4% to €883 million. Consolidated revenues grow 4.6% to €4,946 million.
This is ACCIONA Results Presentation 9 M 2015. Results driven by growth in power generation and Acciona Windpower in international markets. Earnings before tax (EBT) increases 69.5% to €248 million. Ebitda increases by 14.4% to €883 million. Consolidated revenues grow 4.6% to €4,946 million.
The document summarizes ACCIONA's financial results for the first quarter of 2014. Key points include:
- Revenues decreased 8.7% to €1,402 million due to regulatory changes in Spain negatively impacting the Energy division and lower construction activity.
- EBITDA fell 19.3% to €226 million mainly from lower contributions from Energy and Infrastructure.
- EBIT was up at €129 million due to a change in accounting for wind assets and gains from selling German renewable assets.
- Net profit was €33 million, similar to the prior year, as financial results were stable and prior year gains offset lower operating results.
The complete presentation “First half 2011 results”BOURBON
Bourbon reported its financial results for the first half of 2011, showing increases in revenue, operating income, and fleet size compared to the same period last year. The number of owned vessels grew 9% to 424 ships. Revenue increased 18.8% to 482.7 million euros, while operating income rose 19.9% to 43.1 million euros. However, net income was impacted by foreign exchange losses from the weakening euro. Bourbon's marine and subsea services divisions all saw revenue and profitability improvements.
- Revenues for the first half of 2016 decreased 16.3% to €2.764 billion compared to the same period in 2015, mainly due to the deconsolidation of AWP and lower construction activity in Spain.
- EBITDA decreased 8.4% to €525 million due to lower contributions from the Energy division, while the EBITDA margin increased 1.6 percentage points to 19%.
- EBIT was €868 million, a 175.4% increase primarily from an extraordinary capital gain of €616 million related to the sale of AWP.
Wolters Kluwer, a global leader in professional information services, released its 2015 Full-Year Results. For the full report, visit http://wolterskluwer.com/investors.
FY2014 and 2015-2019 Strategic Plan (26 marzo 2015)Terna SpA
Terna presented its 2015-2019 strategic plan focused on free cash flow generation to drive sustainable shareholder returns. Key elements include capex discipline with €3.2 billion planned, optimization of non-regulated activities like interconnectors and services to contribute €1.4 billion in revenues, and opex savings of €30 million annually by 2019. The plan aims to reduce net debt starting in 2017/2018 and maintain a dividend of €0.20 per share in 2015 as a basis for future dividends.
The document reports on ACCIONA's results for the first 9 months of 2013. Key highlights include:
- Revenues declined 4.2% to €4,951 million due to decreases in the Infrastructure and Energy divisions.
- EBITDA fell 7.3% to €964 million mainly from lower results in Energy and Infrastructure.
- Net profit decreased 34.3% to €75 million compared to 9M 2012.
- The Energy division remained the largest contributor to EBITDA at 77.8% despite an 8.5% EBITDA decline.
Wolters Kluwer reported half-year 2015 results that were on track to meet full-year guidance. Revenues grew 2% organically driven by 7% organic growth in high-growth positions. Adjusted operating profit increased 5% in constant currencies and adjusted EPS grew 5% in constant currencies. The company reiterated full-year guidance and introduced an interim dividend for 2015 to better align with cash flow timing.
ACCIONA reported financial results for the first quarter of 2013, with revenues increasing 1.9% to €1,621 million compared to the same period in 2012. EBITDA declined slightly by 0.5% to €327 million, due to lower results in the Energy and Infrastructure divisions being offset by improved performance in Other Activities such as Trasmediterranea. Net attributable profit grew 18% to €34 million. The Energy division continued to be the largest contributor to revenues and EBITDA, though it saw declines compared to 2012 due to regulatory changes in Spain.
- Terna reported its consolidated financial results for fiscal year 2015, with total revenues increasing 4.3% to €2,082 million driven by growth in both regulated and non-regulated activities. EBITDA rose 3.2% to €1,539 million.
- Key highlights included record electricity demand of 315 TWh and a peak demand of 59.4 GW. Renewable energy sources accounted for 40% of total generation.
- Total capex was €1,103 million, with €834 million spent on network development and €201 million on maintenance. Net debt increased to €8,003 million due to acquisitions and dividend payments.
This document provides a summary of Snam's 2014 full year results and strategy update. Some key points:
- 2014 revenues were €3.566 billion, up 1.0% while EBITDA was €2.776 billion, down 1.0%. Net profit increased 30.6% to €1.198 billion.
- The acquisition of TAG was completed and the TIGF asset was effectively managed.
- A dividend of €0.25 per share is proposed for 2014.
- The 2015-2018 strategy will focus on sustainable returns through selective portfolio management, operational excellence and financial discipline.
- Priority investments in Italy include increasing transport capacity and developing new balancing services. International investments will focus
Hera Group reported positive financial results for the first half of 2015, with revenues increasing 6.4%, EBITDA up 2.5%, and net profit growing 11.4% compared to the same period last year. All business segments returned to revenue growth in the second quarter. Cash flow was also positive, covering dividend payments and partially funding acquisitions. The presentation provided details on financial and operating metrics for the first half by business segment.
Snam reported its third quarter 2014 results. Revenues increased slightly to 2.648 billion euros while EBITDA rose 1.3% to 2.111 billion euros. Net income increased 28% to 863 million euros. Capex also increased to 856 million euros. Snam acquired an 84.47% stake in TAG GmbH, the operator of the Trans Austria Gas pipeline, for 505 million euros. The acquisition enhances Snam's international strategy.
Chiffres clés au 31 mars 2015 - Conférence téléphonique du 7 mai 2015 (en ang...vefinance
- Veolia reported its key figures for the period ending March 31, 2015, with revenue of €6.305 billion, up 8.5% from the same period in 2014.
- EBITDA was €816 million, up 26.4% compared to 2014, driven by continued cost cutting and good growth outside of Europe.
- Net financial debt remained stable at €8.970 billion despite negative foreign exchange impacts of around €1 billion.
- Veolia confirmed its 2015 guidance targets for revenue growth, EBITDA and current EBIT growth, continued cost savings, and dividend coverage by current net income and free cash flow.
Gruppo Hera reported a 0.4% increase in EBITDA and a 5.3% increase in net profit for Q1 2016 despite a 5.4% decrease in revenues. Organic growth and cost efficiency measures offset 75% of the impact of lower regulated returns. Increased volumes in special waste and expansion in energy markets contributed to growth, while revenues were affected by lower energy sales and network tariffs. Strong cash flow and working capital management helped reduce net debt.
In the second quarter of 2014, ERG reported strong growth in net profit. RC EBITDA increased to €132 million compared to €120 million in the second quarter of 2013, driven by improved performance in integrated downstream and the exit from coastal refining. Net debt was €1,234 million with a leverage ratio of 41%. Guidance for 2014 was updated to include a new wind farm investment in Poland and the positive impact in the second half of the year from the ISAB Energy transaction.
Snam reported solid financial results for the first half of 2015. Revenues increased 3.1% to €1.8 billion while EBITDA rose slightly to €1.4 billion. Net profit was up 9.1% to €612 million. Operational performance was also positive, with gas consumption increasing 0.8% and gas injected into the network rising 7.9% compared to the prior year period. The company generated €587 million in free cash flow for the first half of 2015. Snam remains focused on sound growth and cash flow generation while continuing investment in its gas infrastructure network.
Q1 financial results were positive, with revenues growing 7.1% to €1,383.3 million. EBITDA increased 1.1% to €277.2 million, driven by organic growth and M&A activity. Net profit rose 4.1% to €86.6 million. The results demonstrated the resilience of Hera's balanced portfolio mix, with recovery in gas sales volumes and expansion in the electricity business offsetting impacts from planned plant maintenance. Cash flow generation reduced net debt and strengthened the company's strong financial position.
1Q 2015 Consolidated Results (6 Maggio 2015)Terna SpA
Terna presented its 2015-2019 strategic plan focused on free cash flow generation to drive sustainable shareholder returns. Key elements include capex discipline with €3.2 billion planned, optimization of non-regulated activities like interconnectors and services to contribute €1.4 billion in revenues, and opex savings of €30 million annually by 2019. The plan aims to reduce net debt starting in 2017/2018 and maintain a dividend of €0.20 per share in 2015 as a basis for future dividends.
- Sales growth of 11.8% to EUR 366.1 million in Q3 2015, with organic growth of 5.8% despite additional costs of EUR 12 million due to high capacity utilization.
- Clean EBIT pre PPA was EUR 36.7 million, down from EUR 42.1 million primarily due to strong Aftermarket business.
- Integration of M&W acquisition is on track, contributing EUR 9.4 million in sales and EUR 0.4 million in EBIT.
- Outlook for 2015 expects global car production growth in low single digits, with additional costs of EUR 8-18 million in Q4 2015. Forecast includes 5-7%
The document discusses ENEA CG's performance in Q2 and H1 2014. It provides an overview of key projects implemented, including the purchase of shares in MPEC Sp. z o.o., negotiations to purchase shares of ECO S.A., and 35% progress on construction of a new 1,075MW power unit. Financial results for the periods showed increased electricity production, higher revenues and profits year-over-year, and improved EBITDA margins.
- Wärtsilä's order intake for the first nine months of 2020 decreased 14% to EUR 3.24 billion compared to the same period in 2019. Net sales decreased 3% to EUR 3.385 billion.
- The comparable operating result decreased 32% to EUR 172 million, representing 5.1% of net sales, down from 7.1% for the same period last year. This was impacted by a decline in services due to COVID-19 and weaker absorption of fixed costs.
- Cash flow from operating activities increased to EUR 407 million, up from EUR 269 million for the same period in 2019.
Snam’s Board of Directors, chaired by Carlo Malacarne, yesterday approved the consolidated half-year report at 30 June 2016 (subjected to a limited audit) and the consolidated results for the second quarter of 2016 (unaudited).
Operating highlights
New regulatory period with adjustments to WACC from 1 st January 2016
Gas injected into the transportation network: 34.07 billion cubic metres (+4.0%)
Number of active meters: 6.525 million (6.518 million at 30 June 2015)
Available storage capacity: 11.8 billion cubic metres (+0.4 billion cubic metres compared with 30 June 2015)
Financial highlights
Regulated revenue: €1,644 million 1 (-€78 million; -4.5%); reduction due to WACC adjustment
EBIT: €867 million (-14.3%)
Net profit: €526 million (-14.1%)
Technical investments: €526 million
Free cash flow: €508 million
Significant events
Separation of Italgas from Snam approved on 28 June 2016 by Snam Board of Directors. The closing of the entire transaction, which is subject to certain conditions precedent being met, will likely take effect by 31 December 2016
The Snam Board of Directors proposed a share buyback programme to the shareholders’ meeting called for 1 August 2016 for up to 3.5% of Snam’s share capital for a maximum amount of up to €500 million over 18 months
- Wärtsilä reported a 7% increase in order intake and 6% increase in net sales for Q1 2018 compared to Q1 2017. Order intake was EUR 1,507 million and net sales were EUR 1,066 million.
- The equipment businesses of Energy Solutions and Marine Solutions performed well, with order intake and net sales growing compared to the previous year. Services net sales remained stable at EUR 535 million.
- The order book increased to EUR 5,490 million, up 7% compared to the end of 2017, demonstrating continued strong demand across Wärtsilä's businesses.
40 Ways to Boost Year-End Appeals with Social MediaJohn Haydon
The document provides 40 tips for boosting a non-profit's year-end social media appeal. Some key tips include focusing on empowering supporters by sharing stories about people and outcomes, reusing top performing past posts, using Facebook ads wisely by boosting only the best posts and targeting them strategically, raising more money through storytelling by focusing on a real person in need and how donor funds will help, and connecting social media to other marketing channels like email to foster donor relationships and transactions. The overall goal is to create a donor-centric fundraising strategy that is meaningful, frictionless, timely and social.
IDEAS, INNOVACIÓN Y ACTITUDES EMPRENDEDORAS UN DESAFÍO PARA LA EDUCACIÓN DEL ...ana maria llopis
Ideas4all ideas innovación, emprender nov 2013 vii encuentro internacional de educación
IDEAS, INNOVACIÓN Y ACTITUDES EMPRENDEDORAS UN DESAFÍO PARA LA EDUCACIÓN DEL SIGLO XXI
VII ENCUENTRO INTERNACIONAL DE EDUCACIÓN
FUNDACIÓN TELEFÓNICA. ESPAÑA
LA NUEVA NORMA EN EDUCACIÓN, REINVENTÁNDOSE
PARA INNOVAR EN EDUCACIÓN HAY QUE PODER MEDIR, INFORME PISA
LOS MÁS LISTOS DEL MUNDO
LA BRECHA DEL TALENTISMO FORECAST
TENDENCIAS
MIS PENSADORES FAVORITOS
LA UNIVERSIDAD PATAS ARRIBA
MOOCS Y LA EDUCACIÓN POP-UP
EL TORNADO DE LA TRANSFORMACIÓN DIGITAL
LOS DIGIRATIS
ALGUNAS LEYES
IDEAS4ALL, IDEAS, INNOVACIÓN COLABORATIVA QUE SE AUTOGOBIERNA
NECESIDAD DE IDEAR, PENSAR, APRENDER CONTINUAMENTE, CREANDO ideas4all FORMA BANDAS CREATIVAS QUE TRANSFORMAN
FY2014 and 2015-2019 Strategic Plan (26 marzo 2015)Terna SpA
Terna presented its 2015-2019 strategic plan focused on free cash flow generation to drive sustainable shareholder returns. Key elements include capex discipline with €3.2 billion planned, optimization of non-regulated activities like interconnectors and services to contribute €1.4 billion in revenues, and opex savings of €30 million annually by 2019. The plan aims to reduce net debt starting in 2017/2018 and maintain a dividend of €0.20 per share in 2015 as a basis for future dividends.
The document reports on ACCIONA's results for the first 9 months of 2013. Key highlights include:
- Revenues declined 4.2% to €4,951 million due to decreases in the Infrastructure and Energy divisions.
- EBITDA fell 7.3% to €964 million mainly from lower results in Energy and Infrastructure.
- Net profit decreased 34.3% to €75 million compared to 9M 2012.
- The Energy division remained the largest contributor to EBITDA at 77.8% despite an 8.5% EBITDA decline.
Wolters Kluwer reported half-year 2015 results that were on track to meet full-year guidance. Revenues grew 2% organically driven by 7% organic growth in high-growth positions. Adjusted operating profit increased 5% in constant currencies and adjusted EPS grew 5% in constant currencies. The company reiterated full-year guidance and introduced an interim dividend for 2015 to better align with cash flow timing.
ACCIONA reported financial results for the first quarter of 2013, with revenues increasing 1.9% to €1,621 million compared to the same period in 2012. EBITDA declined slightly by 0.5% to €327 million, due to lower results in the Energy and Infrastructure divisions being offset by improved performance in Other Activities such as Trasmediterranea. Net attributable profit grew 18% to €34 million. The Energy division continued to be the largest contributor to revenues and EBITDA, though it saw declines compared to 2012 due to regulatory changes in Spain.
- Terna reported its consolidated financial results for fiscal year 2015, with total revenues increasing 4.3% to €2,082 million driven by growth in both regulated and non-regulated activities. EBITDA rose 3.2% to €1,539 million.
- Key highlights included record electricity demand of 315 TWh and a peak demand of 59.4 GW. Renewable energy sources accounted for 40% of total generation.
- Total capex was €1,103 million, with €834 million spent on network development and €201 million on maintenance. Net debt increased to €8,003 million due to acquisitions and dividend payments.
This document provides a summary of Snam's 2014 full year results and strategy update. Some key points:
- 2014 revenues were €3.566 billion, up 1.0% while EBITDA was €2.776 billion, down 1.0%. Net profit increased 30.6% to €1.198 billion.
- The acquisition of TAG was completed and the TIGF asset was effectively managed.
- A dividend of €0.25 per share is proposed for 2014.
- The 2015-2018 strategy will focus on sustainable returns through selective portfolio management, operational excellence and financial discipline.
- Priority investments in Italy include increasing transport capacity and developing new balancing services. International investments will focus
Hera Group reported positive financial results for the first half of 2015, with revenues increasing 6.4%, EBITDA up 2.5%, and net profit growing 11.4% compared to the same period last year. All business segments returned to revenue growth in the second quarter. Cash flow was also positive, covering dividend payments and partially funding acquisitions. The presentation provided details on financial and operating metrics for the first half by business segment.
Snam reported its third quarter 2014 results. Revenues increased slightly to 2.648 billion euros while EBITDA rose 1.3% to 2.111 billion euros. Net income increased 28% to 863 million euros. Capex also increased to 856 million euros. Snam acquired an 84.47% stake in TAG GmbH, the operator of the Trans Austria Gas pipeline, for 505 million euros. The acquisition enhances Snam's international strategy.
Chiffres clés au 31 mars 2015 - Conférence téléphonique du 7 mai 2015 (en ang...vefinance
- Veolia reported its key figures for the period ending March 31, 2015, with revenue of €6.305 billion, up 8.5% from the same period in 2014.
- EBITDA was €816 million, up 26.4% compared to 2014, driven by continued cost cutting and good growth outside of Europe.
- Net financial debt remained stable at €8.970 billion despite negative foreign exchange impacts of around €1 billion.
- Veolia confirmed its 2015 guidance targets for revenue growth, EBITDA and current EBIT growth, continued cost savings, and dividend coverage by current net income and free cash flow.
Gruppo Hera reported a 0.4% increase in EBITDA and a 5.3% increase in net profit for Q1 2016 despite a 5.4% decrease in revenues. Organic growth and cost efficiency measures offset 75% of the impact of lower regulated returns. Increased volumes in special waste and expansion in energy markets contributed to growth, while revenues were affected by lower energy sales and network tariffs. Strong cash flow and working capital management helped reduce net debt.
In the second quarter of 2014, ERG reported strong growth in net profit. RC EBITDA increased to €132 million compared to €120 million in the second quarter of 2013, driven by improved performance in integrated downstream and the exit from coastal refining. Net debt was €1,234 million with a leverage ratio of 41%. Guidance for 2014 was updated to include a new wind farm investment in Poland and the positive impact in the second half of the year from the ISAB Energy transaction.
Snam reported solid financial results for the first half of 2015. Revenues increased 3.1% to €1.8 billion while EBITDA rose slightly to €1.4 billion. Net profit was up 9.1% to €612 million. Operational performance was also positive, with gas consumption increasing 0.8% and gas injected into the network rising 7.9% compared to the prior year period. The company generated €587 million in free cash flow for the first half of 2015. Snam remains focused on sound growth and cash flow generation while continuing investment in its gas infrastructure network.
Q1 financial results were positive, with revenues growing 7.1% to €1,383.3 million. EBITDA increased 1.1% to €277.2 million, driven by organic growth and M&A activity. Net profit rose 4.1% to €86.6 million. The results demonstrated the resilience of Hera's balanced portfolio mix, with recovery in gas sales volumes and expansion in the electricity business offsetting impacts from planned plant maintenance. Cash flow generation reduced net debt and strengthened the company's strong financial position.
1Q 2015 Consolidated Results (6 Maggio 2015)Terna SpA
Terna presented its 2015-2019 strategic plan focused on free cash flow generation to drive sustainable shareholder returns. Key elements include capex discipline with €3.2 billion planned, optimization of non-regulated activities like interconnectors and services to contribute €1.4 billion in revenues, and opex savings of €30 million annually by 2019. The plan aims to reduce net debt starting in 2017/2018 and maintain a dividend of €0.20 per share in 2015 as a basis for future dividends.
- Sales growth of 11.8% to EUR 366.1 million in Q3 2015, with organic growth of 5.8% despite additional costs of EUR 12 million due to high capacity utilization.
- Clean EBIT pre PPA was EUR 36.7 million, down from EUR 42.1 million primarily due to strong Aftermarket business.
- Integration of M&W acquisition is on track, contributing EUR 9.4 million in sales and EUR 0.4 million in EBIT.
- Outlook for 2015 expects global car production growth in low single digits, with additional costs of EUR 8-18 million in Q4 2015. Forecast includes 5-7%
The document discusses ENEA CG's performance in Q2 and H1 2014. It provides an overview of key projects implemented, including the purchase of shares in MPEC Sp. z o.o., negotiations to purchase shares of ECO S.A., and 35% progress on construction of a new 1,075MW power unit. Financial results for the periods showed increased electricity production, higher revenues and profits year-over-year, and improved EBITDA margins.
- Wärtsilä's order intake for the first nine months of 2020 decreased 14% to EUR 3.24 billion compared to the same period in 2019. Net sales decreased 3% to EUR 3.385 billion.
- The comparable operating result decreased 32% to EUR 172 million, representing 5.1% of net sales, down from 7.1% for the same period last year. This was impacted by a decline in services due to COVID-19 and weaker absorption of fixed costs.
- Cash flow from operating activities increased to EUR 407 million, up from EUR 269 million for the same period in 2019.
Snam’s Board of Directors, chaired by Carlo Malacarne, yesterday approved the consolidated half-year report at 30 June 2016 (subjected to a limited audit) and the consolidated results for the second quarter of 2016 (unaudited).
Operating highlights
New regulatory period with adjustments to WACC from 1 st January 2016
Gas injected into the transportation network: 34.07 billion cubic metres (+4.0%)
Number of active meters: 6.525 million (6.518 million at 30 June 2015)
Available storage capacity: 11.8 billion cubic metres (+0.4 billion cubic metres compared with 30 June 2015)
Financial highlights
Regulated revenue: €1,644 million 1 (-€78 million; -4.5%); reduction due to WACC adjustment
EBIT: €867 million (-14.3%)
Net profit: €526 million (-14.1%)
Technical investments: €526 million
Free cash flow: €508 million
Significant events
Separation of Italgas from Snam approved on 28 June 2016 by Snam Board of Directors. The closing of the entire transaction, which is subject to certain conditions precedent being met, will likely take effect by 31 December 2016
The Snam Board of Directors proposed a share buyback programme to the shareholders’ meeting called for 1 August 2016 for up to 3.5% of Snam’s share capital for a maximum amount of up to €500 million over 18 months
- Wärtsilä reported a 7% increase in order intake and 6% increase in net sales for Q1 2018 compared to Q1 2017. Order intake was EUR 1,507 million and net sales were EUR 1,066 million.
- The equipment businesses of Energy Solutions and Marine Solutions performed well, with order intake and net sales growing compared to the previous year. Services net sales remained stable at EUR 535 million.
- The order book increased to EUR 5,490 million, up 7% compared to the end of 2017, demonstrating continued strong demand across Wärtsilä's businesses.
40 Ways to Boost Year-End Appeals with Social MediaJohn Haydon
The document provides 40 tips for boosting a non-profit's year-end social media appeal. Some key tips include focusing on empowering supporters by sharing stories about people and outcomes, reusing top performing past posts, using Facebook ads wisely by boosting only the best posts and targeting them strategically, raising more money through storytelling by focusing on a real person in need and how donor funds will help, and connecting social media to other marketing channels like email to foster donor relationships and transactions. The overall goal is to create a donor-centric fundraising strategy that is meaningful, frictionless, timely and social.
IDEAS, INNOVACIÓN Y ACTITUDES EMPRENDEDORAS UN DESAFÍO PARA LA EDUCACIÓN DEL ...ana maria llopis
Ideas4all ideas innovación, emprender nov 2013 vii encuentro internacional de educación
IDEAS, INNOVACIÓN Y ACTITUDES EMPRENDEDORAS UN DESAFÍO PARA LA EDUCACIÓN DEL SIGLO XXI
VII ENCUENTRO INTERNACIONAL DE EDUCACIÓN
FUNDACIÓN TELEFÓNICA. ESPAÑA
LA NUEVA NORMA EN EDUCACIÓN, REINVENTÁNDOSE
PARA INNOVAR EN EDUCACIÓN HAY QUE PODER MEDIR, INFORME PISA
LOS MÁS LISTOS DEL MUNDO
LA BRECHA DEL TALENTISMO FORECAST
TENDENCIAS
MIS PENSADORES FAVORITOS
LA UNIVERSIDAD PATAS ARRIBA
MOOCS Y LA EDUCACIÓN POP-UP
EL TORNADO DE LA TRANSFORMACIÓN DIGITAL
LOS DIGIRATIS
ALGUNAS LEYES
IDEAS4ALL, IDEAS, INNOVACIÓN COLABORATIVA QUE SE AUTOGOBIERNA
NECESIDAD DE IDEAR, PENSAR, APRENDER CONTINUAMENTE, CREANDO ideas4all FORMA BANDAS CREATIVAS QUE TRANSFORMAN
Breve reflexión sobre diferentes vertientes para la decoración de las habitaciones para los más pequeños, principalmente mediante el uso de vinilos decorativos.
Wikimania Esino Lario at Wikimedia CH April 2016Iolanda Pensa
This document provides information about Wikimania 2016 which will take place in Esino Lario, Italy from June 21-28. It includes a brief history of previous Wikimania locations from 2006-2016. It also provides maps and transportation details for getting to Esino Lario from major airports in Milan. The village will host conferences and meetings in various buildings located within the town.
Ashwini GR is a quality analyst with 2.8 years of experience testing mobile and web applications. She has expertise in testing for Android, iOS, Blackberry and Windows platforms. She is seeking new opportunities that allow her to further develop her skills while contributing value. Her technical skills include Java, Selenium, SQL, and she is proficient in the SDLC and testing processes.
This document provides an overview of an urban and rural wireline and wireless communication infrastructure developer and service provider. Some key points:
- The company owns over 1000km of its own underground optical fiber cable network and provides infrastructure to telecom, government, and enterprise customers.
- It offers various communication solutions including broadband internet, CCTV surveillance projects, enterprise data solutions, turnkey optical fiber projects, and more.
- The company has extensive experience providing dedicated fiber networks for projects like India's first safe city project in Surat. It owns the necessary equipment and skilled teams to lay, maintain, and operate fiber networks.
El documento habla sobre varios temas relacionados con el deporte y la política en México y Estados Unidos. Menciona el asesinato de Luis Donaldo Colosio, candidato a la presidencia de México en 1994. También menciona la carrera de un jugador de basquetbol llamado Hector "Pichi" Campana y que en 1991/92 el equipo Atenas de Córdoba se consagró campeón de la liga nacional de basquetbol en Argentina. Además, dice que en ese mismo año, los Chicago Bulls y su estrella Michael Jordan
Este documento presenta una actividad para niños de 3 a 6 años sobre la creación de sellos utilizando frutas y verduras. La actividad busca que los niños exploren formas de comunicación antes de la escritura e identifiquen cómo los artefactos resuelven problemas. Se dividirá en tres partes: una historia motivadora, generación de hipótesis sobre cómo hacer un sello, y creación de sellos y dibujos para enviar en una carta. La evaluación se centrará en la creatividad y participación de los niños, no en el producto
Este documento resume las principales novedades introducidas por la Ley 7/2012 en materia tributaria en España. Entre ellas se incluyen modificaciones en el Impuesto sobre la Renta de las Personas Físicas, el Impuesto de Sociedades y el Impuesto sobre el Valor Añadido, así como nuevos supuestos de presunción de obtención de rentas y de inversión del sujeto pasivo en estos impuestos. También introduce cambios en materia de sanciones y obligaciones de información sobre bienes en el extranjero.
Elementos y mecanismos de discriminación que sufren las mujeresIntegraLocal
Ya puede descargarse el estudio de investigación sobre la mujer inmigrante `Elementos y mecanismos de discriminación que sufren las mujeres inmigrantes en el proceso de inserción social y laboral´, realizado por Cruz Roja de Castilla y León.
The document provides preparation tips for a presentation training. It recommends leaving away the computer, using a mind map to brainstorm, asking questions, and rehearsing. Guidelines are given for matching the presentation content, media used, audience type, and timing based on the number of attendees. The most important questions to ask are about the main point and why it matters.
This document provides information on various technology products and solutions offered by Teksignals, including retail solutions, 360 degree camera systems, smart doorbell solutions, security solutions, WiFi CCTV kits, and IP and analog CCTV cameras and systems. It includes descriptions of the products and solutions, specifications, features, benefits and contact information.
Alberto Trigo es un comunicador y creador de contenidos con experiencia en radio, diseño gráfico, edición de vídeo y fotografía. Ha trabajado como redactor, editor y locutor en la Cadena SER y actualmente trabaja como Community Manager para una marca. Posee formación en comunicación audiovisual, diseño y producción audiovisual, y cursos en community management. Habla inglés, portugués y francés.
The document discusses man-in-the-browser attacks, which occur when malicious code infects a user's internet browser. The code can then modify or initiate actions in the browser without the user's knowledge. This allows the code to hijack online banking sessions and redirect funds to criminal accounts. The attacks are difficult to detect as they manipulate browser traffic after authentication. Common techniques used include injecting code through browser extensions, modifying webpage content, and hooking key browser and operating system APIs to control internet traffic. These attacks pose a global threat as many banks now use two-factor authentication, which has attracted more MITB targeting.
Para resolver el problema de un fregadero que no traga agua de manera adecuada, se debe quitar y limpiar el sifón. Esto permite observar la suciedad que lo está atascando y, tras la limpieza, comprobar que el sifón funciona correctamente al tragar el agua.
Este documento presenta 7 técnicas para mantener la motivación. Estas incluyen hacer una lista de tareas diaria, reconocer logros y recompensarse, controlar el estado emocional mediante la fisiología, lenguaje y enfoque, rodearse de personas positivas, tener claro el propósito y leer literatura motivacional diariamente. También recomienda tomar descansos mediante el cambio de actividad, bailar, cantar o hacer ejercicio para oxigenarse.
Get Discovered: Optimizing Tools to Enhance Your Web PresenceFresh Arts
Spacetaker Artist Resource Center Workshop on Optimizing Tools to Enhance Your Web Presents for artists and arts organizations led by Caitlin Kaluza of Schipul, The Web Marketing Company. July 20, 2011
Este documento trata sobre lubricantes e filtros. Explica las características que debe tener un fluido hidráulico como la viscosidad y aditivos. También describe los diferentes tipos de filtros, como los de flujo completo y su función de retener contaminantes. Finalmente, cubre conceptos como la unidad de filtración en micrones y formas de detectar cuando un filtro está sucio a través de métodos como el monitoreo de la presión.
- The document is a report summarizing the financial results of ACCIONA Group for the first half of 2014.
- Key highlights include revenues decreasing 2.5% to €3.005 billion mainly due to regulatory changes impacting the energy division. EBITDA fell 16.3% to €472 million also impacted by energy division performance.
- Net profit increased 42.9% to €68 million helped by asset sales and accounting changes extending useful life of wind farms.
Deutsche EuroShop - Conference Call Presentation - Preliminary Results FY 2015Deutsche EuroShop AG
This document provides a summary of preliminary results for fiscal year 2015. Retail turnover in Germany was down 0.2% on a like-for-like basis while abroad was up 1.5%. The top 10 tenants make up 21.7% of total rents, showing a low dependence on large tenants. Over 65% of rental contracts extend beyond 2021, guaranteeing long-term rental income. Key financial figures like revenue, EBIT, and EBT met or exceeded targets for 2015. The valuation of investment properties led to measurement gains of 9.4% and an increase in net asset value per share to €39.12.
HeidelbergCement reported its 2015 full year results and 2016 outlook. Key points:
- 2015 was the best year since the financial crisis with EBITDA up 14% to €2.6 billion and group profit up 65% to €800 million.
- Net debt was reduced to €5.3 billion, significantly below the target of 2.5x leverage.
- The Italcementi acquisition remains on track with synergy potential increased to €400 million.
- Outlook for 2016 is for mid to high single digit organic growth in revenues, EBITDA, and operating income.
- ACCIONA reported EBITDA of €301 million in Q1 2017, an increase of 8.5% compared to Q1 2016, driven by higher contributions from the Infrastructure division.
- Revenues increased 15.2% to €1,634 million, with the Infrastructure division growing revenues across all business lines.
- Net debt increased 7.1% to €5,498 million mainly due to higher working capital and capital expenditure during the quarter.
Mediobanca reported solid results for the first quarter of fiscal year 2016, with revenues in line with previous best quarters and a 53% increase in net profit to €244 million. Asset quality continued to improve with non-performing loans decreasing 2% and the CET1 ratio increasing 50 basis points to 12.5%. Looking ahead, Mediobanca expects continued growth driven by its retail and consumer banking divisions while corporate and investment banking transitions to an event-driven model focused on higher returns.
Elringklinger - Conference Call Q1 2014 Presentation Company Spotlight
Group sales were up 15.3% in Q1 2014 compared to Q1 2013, with organic growth of 13.4%. EBIT increased 28.4% to EUR 42.1 million despite higher expenses. The exhaust abatement division performed strongly with sales up 9.7% and EBIT increasing to EUR 7.7 million. For 2014, the company expects overall car production to increase 2-3% worldwide and guides for sales growth of 5-7% and adjusted EBIT of EUR 160-165 million.
Deutsche EuroShop - Conference Call Presentation - Interim Report Q1 2015Deutsche EuroShop AG
The document summarizes the Q1 2015 results of Deutsche EuroShop AG, a German real estate investment company focused on shopping centers. Key highlights include:
- Retail sector sales increased 1% overall in Q1, led by department stores, health/beauty, and general retail. Fashion/textiles declined.
- Deutsche EuroShop's net rental income was up 1% to €46.1 million. EBIT increased 1% to €44.6 million.
- Net finance costs declined 7% to €12.9 million due to lower interest expenses. EBT rose 7% to €31.3 million.
- Consolidated profit increased 12% to €25.3 million.
- Veolia reported strong financial results in 2014 with revenue growth of 4.9% to €23.88 billion, adjusted operating cash flow growth of 17.3% to €2.164 billion, and adjusted operating income growth of 23.2% to €1.108 billion.
- Net financial debt was further reduced from €8.444 billion to €8.311 billion despite negative currency impacts.
- Veolia expects another year of strong earnings improvement in 2015 and confidence in achieving its cost savings targets and maintaining dividend policy.
The annual results document summarizes Transnet's performance for the year ended 31 March 2015. Key highlights include an 8% increase in revenue to R61.2 billion, an 8.2% increase in EBITDA to R25.6 billion, capital investment of R33.6 billion, and overall rail volumes growth of 7.7% to 226.6 million tons. Safety performance was stable with a DIFR of 0.69.
Hera’s Board of Directors approves the results for the third quarter of 2015Hera Group
The financial report as of 30 September 2015 shows improvement in all the main indicators, thanks to internal growth, external growth and the synergies deriving from integration M&A
Terna reported its consolidated results for the first half of 2015. Revenues increased 5.5% to €1,002 million driven by growth in regulated transmission activities. Net profit was up 13.1% to €310 million due to cost control and lower taxes. Capex totaled €439 million, focusing on development projects to support grid infrastructure. Net debt was €6,876 million and key financial metrics were in line with targets.
This document summarizes the financial results of ACCIONA for the 2014 fiscal year. It reported revenues of €6.5 billion, a 3.6% increase over the previous year. EBITDA increased 2.4% to €1.087 billion, though the energy division saw a decline due to regulatory changes in Spain. Net profit was €185 million compared to a loss of €1.972 billion the prior year, driven by improved performance across divisions and asset sales. Total assets were €10.771 billion, unchanged from 2013, as higher working capital was offset by lower financial assets.
Finmeccanica First Quarter 2015 Result PresentationLeonardo
1) Finmeccanica reported a good start to 2015 with key metrics heading in the right direction, including revenues increasing above expectations and EBITA rising 11% with an improved ROS of 5.9%. (2) The company confirmed its FY2015 guidance and remains on track to execute its industrial plan and divisionalization process. (3) Focus remains on improving profitability and cash flow generation while reducing group net debt to below €3 billion by end of 2017.
Generali Group reported its 1Q 2014 results. Operating result was stable at €1.296 billion compared to 1Q 2013. Net result increased 9.4% to €660 million mainly due to improved non-operating investment results. Shareholders' equity rose 9.9% to €21.741 billion and Solvency I ratio increased 11 percentage points to 152% due to net income and financial market developments. Life insurance operating result was stable at €779 million despite a challenging low yield environment. P&C insurance operating result increased 3.7% to €516 million from higher technical and investment results.
In the first quarter of 2016, ERG reported solid financial results. Total installed capacity increased to 1,720 MW due to acquisitions. Adjusted EBITDA was €163 million, up from €111 million in the first quarter of 2015. Guidance for 2016 was confirmed with adjusted EBITDA of €400 million, CAPEX of €440 million, and adjusted net financial position of €1.73 billion.
- Revenue increased 11.2% to €222.1 million due to additional capacities in Chongqing and strong demand for IC substrates.
- EBITDA rose 75.4% to €52 million thanks to higher earnings from Chongqing and positive valuation effects. The EBITDA margin increased to 23.4%.
- Profit for the period improved to €13.5 million compared to a loss of €11.2 million in the prior year, as investments in recent years increased productivity.
The Hera Group reported positive financial results for the first quarter of 2015, with revenues up 7.1% to €1.31 billion due to acquisitions. Net profit increased 3.8% to €92.5 million, helped by growth in the gas and water segments. Capital expenditures of €64.1 million reduced net debt from €2.64 billion at the end of 2014 to €2.56 billion at the end of the first quarter of 2015.
Terna reported its consolidated results for the first quarter of 2023. Revenues increased 11% to €713 million driven by growth in regulated transmission and dispatching activities. EBITDA rose 8% to €500 million and group net income increased 4% to €200 million. Capex was up 7% to €315 million, with investments focused on development projects. Net debt stood at €8.847 billion, an increase of €271 million primarily due to capital expenditures exceeding operating cash flow. Overall, Terna delivered solid financial results in 1Q 2023 and continued progress on its investment plan.
- Group sales increased 12.6% year-over-year to EUR 333.5 million in Q2 2014, with organic growth of 10.2% outperforming world car production. Higher tooling sales were in preparation for production ramp-ups.
- EBIT increased 1.2% to EUR 41.5 million including EUR 0.9 million from purchase price allocations.
- For 2014, the company expects organic sales growth of 5-7% and adjusted EBIT of EUR 160-165 million, with continued regional divergence in automotive markets.
The document provides consolidated financial results for 9M15 (January to September 2015). Key highlights include total revenues increasing 4.8% to €1,517 million driven by growth in both regulated and non-regulated activities. EBITDA was up 2.3% to €1,161 million and group net income increased 8.9% to €455 million. Total capex for 9M15 was €702 million, up 8% year-over-year. Net debt stood at €6,561 million as of September 30, 2015.
We are entering an era of multiple changes that will define the future of society and the relationship with the environment. Join us in this journey, in which regenerative infrastructures are playing a vital role, in a new issue!
Revista ACCIONA 77: Ferrocarril para cambiar de destinoacciona
Nos adentramos en una era de cambios, donde las infraestructuras juegan un papel definitivo en la composición del futuro de la sociedad y de su relación con el planeta. Descubre estos cambios, que impulsamos en ACCIONA, en una nueva edición de nuestra revista.
ACCIONA Magazine 76: the Global Challenge of Access to Wateracciona
The planet is already thirsty. What is going to happen when population grows and climate crisis worsens? Sustainable
Development Goal 6, a basic human right, can be achieved through engineering, legislation and investment.
Revista ACCIONA 76: El reto global del acceso al #aguaacciona
Si el planeta pasa sed hoy, ¿qué no ocurrirá cuando crezcan
la población y la emergencia climática? El ODS 6, un derecho
humano, puede cumplirse con ingeniería, legislación e inversión.
ACCIONA Magazine 75: Sustainable economy, the solution to the crisisacciona
In this ACCIONA Magazine edition, we talk about the world's current challenges and the solutions to solve them. It's time to act and to invest in a green recovery.
Revista ACCIONA 75: Economía sostenible, la solución anticrisisacciona
El documento habla sobre la importancia de aprovechar la oportunidad que presenta la crisis del coronavirus para acelerar la transición hacia una economía más sostenible. Menciona que la pandemia y el cambio climático comparten algunas causas y soluciones, por lo que los esfuerzos para la recuperación económica pospandemia deben enfocarse en proyectos sostenibles. También resalta el potencial de los desiertos para la generación de energía renovable a gran escala.
H1 2020 key results presentation. Full COVID impact seen in Q2 with revenues down 15% and EBITDA down 29% versus last year. Infrastructure most impacted, with construction and non-essential services temporarily suspended. Signs of gradual recovery since April. Measures implemented through pandemic protection plan including liquidity boost, cost reductions, asset disposals, and capex deferrals. Business plan remains on track with energy projects progressing and new infrastructure contract awards.
Este documento presenta los resultados financieros de la compañía para el primer semestre de 2020 (enero a junio). Incluye secciones sobre sostenibilidad, estados financieros consolidados, resultados por división (energía, infraestructuras, otras actividades), hechos relevantes, dividendos, y anexos con detalles adicionales. Los resultados se vieron afectados negativamente por la pandemia COVID-19, con un impacto estimado de €468 millones en ingresos y €140 millones en EBITDA. La compañía opera en energía renovable
- Revenues for H1 2020 were €3,042 million, down 14.8% from H1 2019, due to effects of the COVID-19 pandemic which negatively impacted the Energy and Infrastructure divisions.
- EBITDA was €499 million, down 29.1% from H1 2019, also affected by COVID-19.
- Attributable net profit was €22 million, 85.7% lower than H1 2019, reflecting the impact of COVID-19 and losses from an investment in Nordex that more than doubled.
- Net financial debt increased by €402 million compared to December 2019, due to COVID-19 effects and investments during the period, with most capex directed
- ACCIONA's energy business operations have continued resiliently despite challenging market conditions from COVID-19, with excellent safety and availability performance. Projects under construction are mostly on track with some potential delays.
- The construction business expects a material impact on 2020 production and higher costs due to new health and safety practices, but is well positioned to benefit from expected investment-led economic recovery.
- Most infrastructure projects across regions have continued with some level of work suspension, but the majority have restarted with more restrictive health and safety protocols.
The document reports ACCIONA's Q1 2020 results. Key highlights include:
- Revenues decreased 5.1% to €1,622 million due to lower energy sales and a small drop in other activities.
- EBITDA remained flat at €325 million as growth in energy and other activities offset an Infrastructure division decline.
- Attributable net profit increased 6.9% to €78 million due to higher earnings and a reversal of prior impairment charges.
- Net debt rose 5.8% to €5,200 million due to intensive investment activity, notably €284 million spent on new renewable capacity.
Este documento presenta los resultados financieros y operativos del primer trimestre de 2020 del Grupo ACCIONA. Los ingresos totales fueron de €1,622 millones, un 5.1% menos que en el mismo periodo de 2019. El EBITDA fue de €325 millones, en línea con 2019. La inversión neta ordinaria fue de €316 millones, principalmente en nueva capacidad renovable. La deuda neta alcanzó €5,621 millones, un aumento de €304 millones debido a la intensa actividad inversora del trimestre.
Este documento presenta los resultados financieros de ACCIONA para 2019. Incluye notas legales sobre el uso y distribución del documento, así como advertencias sobre declaraciones de futuro. También contiene información importante sobre ofertas de valores y una lista de medidas alternativas de rendimiento.
ACCIONA reported its financial results for fiscal year 2019, from January to December. Key highlights included:
- Revenue of €7.191 billion, down 4.2% from 2018.
- EBITDA of €1.357 billion, up 9% from 2018.
- Net profit of €352 million, up 7.2% from 2018.
- Total investment of €1.241 billion, focused on renewable energy and infrastructure.
- Net financial debt of €4.915 billion, within financial policy thresholds.
ACCIONA reported revenues of €7.19 billion in 2019, down 4.2% from 2018. EBITDA increased 9% to €1.36 billion due to growth in the Energy division, partly offset by lower revenues in Energy and Other Activities. Attributable net profit grew 7.2% to €352 million, or 60.3% excluding corporate transactions. Net debt increased 13.4% to €4.92 billion due to investment in renewable capacity and infrastructure projects. ACCIONA invested €1.03 billion in projects including 835MW under construction, exceeding 10GW total installed renewable capacity.
El documento presenta los resultados financieros de ACCIONA para el año 2019. Los principales puntos son:
- Los ingresos fueron de €7.191 millones, un 4,2% menos que en 2018, debido principalmente a menores ventas en Energía.
- El EBITDA aumentó un 9,0% hasta €1.357 millones, impulsado por el crecimiento en Energía internacional y Construcción.
- La inversión neta ordinaria fue de €1.031 millones, destinada principalmente a nueva capacidad renovable y a la concesión
The document discusses ACCIONA's commitment to sustainability and solutions to environmental challenges. It highlights ACCIONA's leadership in renewable energy through innovation in engineering, construction, generation, operation and maintenance of wind and solar projects. It also discusses ACCIONA's comprehensive approach to infrastructure development which assesses all impacts and maximizes social value. In water management, ACCIONA is leading in desalination membranes and biological reactors for wastewater treatment to address issues of water scarcity and population growth.
Una nueva edición de nuestra revista, centrada en la Conferencia de Naciones Unidas sobre el Cambio Climático, COP25, celebrada en Madrid, y en la que ACCIONA participa de forma activa. Descubre cómo.
Adani Group's Active Interest In Increasing Its Presence in the Cement Manufa...Adani case
Time and again, the business group has taken up new business ventures, each of which has allowed it to expand its horizons further and reach new heights. Even amidst the Adani CBI Investigation, the firm has always focused on improving its cement business.
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Unlocking WhatsApp Marketing with HubSpot: Integrating Messaging into Your Ma...Niswey
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The Role of White Label Bookkeeping Services in Supporting the Growth and Sca...YourLegal Accounting
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During the budget session of 2024-25, the finance minister, Nirmala Sitharaman, introduced the “solar Rooftop scheme,” also known as “PM Surya Ghar Muft Bijli Yojana.” It is a subsidy offered to those who wish to put up solar panels in their homes using domestic power systems. Additionally, adopting photovoltaic technology at home allows you to lower your monthly electricity expenses. Today in this blog we will talk all about what is the PM Surya Ghar Muft Bijli Yojana. How does it work? Who is eligible for this yojana and all the other things related to this scheme?
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
2. Q1 2015 Results (January – March)
2
CONTENTS
1. EXECUTIVE SUMMARY
2. CONSOLIDATED INCOME STATEMENT
3. CONSOLIDATED BALANCE SHEET
4. RESULTS BY DIVISION
4.1. Energy
4.2. Infrastructure
4.3. Other activities
5. ANNEX 1: MATERIAL INFORMATION, DIVIDENDS AND
SHARE DATA
5.1. Significant communications to the stock market
5.2. Dividend
5.3. Share data and share price performance
6. ANNEX 2: MWs and PRUDUCTIONS
7. ANNEX 3: TRANSPORT AND HOSPITAL CONCESSIONS
8. ANNEX 4: WATER CONCESSIONS
9. ANNEX 5: SUSTAINABILITY
9.1. Sustainability indexes
9.2. Sustainability events during the period
10. CONTACT
3. Q1 2015 Results (January – March)
3
In accordance with Regulation 1606/2002 of the European Parliament and
of the Council of 19th
July 2002, for each financial year starting on or after
1st
January 2005, companies governed by the law of a Member State must
prepare their consolidated accounts in conformity with the International
Financial Reporting Standards (IFRS) adopted by the European Union if their
securities are admitted to trading on a regulated market.
The ACCIONA Group's consolidated financial statements are presented in
accordance with the International Financial Reporting Standards (IFRS)
approved by the European Parliament to date. The financial statements
were based on the individual accounts of ACCIONA, S.A. and its Group
companies and they include the necessary adjustments and reclassifications
to adapt them to IFRS.
ACCIONA reports in accordance with its corporate structure, which
comprises three divisions:
– Energy comprises commercial and industrial activities that range from
the manufacturing of turbines, construction of wind farms to the
generation, distribution and marketing of its different energy sources.
– Infrastructure:
– Construction includes construction and engineering activities as well
as mainly transport and hospital concession activities.
– Water includes the construction of desalination, water and
wastewater treatment plants, as well as integral water services
management from bulk water abstraction all the way to discharging
treated wastewater to the environment. ACCIONA Agua also operates
water concessions across the entire water cycle.
– Services include the activities of facility services, airport handling,
waste management and logistic services amongst others.
– Other activities this division includes the businesses of
Trasmediterranea, real estate, Bestinver, wineries and other businesses.
4. Q1 2015 Results (January – March)
4
1. EXECUTIVE SUMMARY
Income Statement Data
(Million euro) Jan-Mar 14 Jan-Mar 15 Chg. (%)
Revenues 1,402 1,528 9.0%
EBITDA 226 280 24.3%
EBIT 129 150 15.8%
Ordinary EBT 13 66 406.0%
EBT 41 66 63.0%
Net attributable profit 33 42 28.5%
Balance Sheet Data and Capital Expenditure
(Million euro) 31-Dec-14 31-Mar-15 Chg. (%)
Equity 3,613 3,726 3.1%
Net debt 5,294 5,380 1.6%
(Million euro) Jan-Mar 14 Jan-Mar 15 Chg. (%)
Ordinary capital expenditure 84 55 -34.3%
Operating Data
31-Mar-14 31-Mar-15 Chg. (%)
Construction backlog (Million euro) 5,528 6,264 13.3%
Water backlog (Million euro) 9,831 9,575 -2.6%
Total wind installed capacity (MW) 6,997 7,180 2.6%
Total installed capacity (MW) 8,359 8,586 2.7%
Total production (GWh) (Jan-Mar) 6,106 6,146 0.7%
Average workforce 31,625 32,066 1.4%
5. Q1 2015 Results (January – March)
5
2. CONSOLIDATED INCOME STATEMENT
(Million Euro) Jan-Mar 14 Jan-Mar 15 Chg. Chg.
(€m) (€m) (€m) (%)
Revenues 1,402 1,528 126 9.0%
Other revenues 73 70 -2 -3.4%
Changes in inventories of finished goods and work in progress -12 5 17 n.m.
Total Production Value 1,463 1,604 141 9.6%
Cost of goods sold -364 -396 -31 8.6%
Personnel expenses -306 -307 -1 0.4%
Other expenses -568 -621 -53 9.4%
EBITDA 226 280 55 24.3%
Depreciation and amortisation -122 -127 -5 3.8%
Provisions -3 -4 0 15.0%
Impairment of assets value 29 1 -28 -97.4%
Results on non current assets 0 -1 -1 n.m.
Other gains or losses 0 0 0 n.m.
EBIT 129 150 20 15.8%
Net financial result -98 -100 -2 1.8%
Exchange differences (net) 2 0 -2 n.m.
Var. provisions financial investments -1 0 1 -95.9%
Income from associated companies 8 16 8 93.1%
Variation in fair value of financial instruments 0 1 1 n.m.
EBT 41 66 26 63.0%
Income tax -4 -16 -13 n.m.
Profit from Continuing Activities 37 50 13 35.5%
Minority interest -4 -8 -4 87.5%
Attributable Net Profit 33 42 9 28.5%
6. Q1 2015 Results (January – March)
6
Revenues
Revenues (Million Euro) Jan-Mar 14 Jan-Mar 15 Chg.(€m) Chg.(%)
Energy 487 640 154 31.6%
Infrastructure 789 789 0 -0.1%
Construction 524 535 10 2.0%
Water 105 89 -17 -15.7%
Service 159 165 6 3.7%
Other Activities 151 127 -25 -16.3%
Consolidation Adjustments -25 -27 -3 12.0%
TOTAL Revenues 1,402 1,528 126 9.0%
Consolidated revenues increased by 9.0% to €1,528 million, mainly due to
the combined effect of the following factors:
Growth in the Energy revenues (+31.6%) mainly as a result of:
– The strong contribution from AWP which more than doubled its
revenues with reference to Q1 2014.
– New capacity additions in international markets carried out
during the last twelve months.
– The higher pool price in Spain.
Growth in the Construction revenues (+2.0%) due to the good
performance in the construction and engineering activities.
Decrease in the Water revenues (-15.7%) mainly due to the decline of
the design and construction activities.
Decrease of Facility Services and Other Activities (-16.3%) due to the
revenue decline of Bestinver and Real Estate.
EBITDA
EBITDA (Million Euro) Jan-Mar 14 % EBITDA Jan-Mar 15 % EBITDA Chg.(€m) Chg.(%)
Energy 187 83% 241 86% 54 28.9%
Infrastructure 28 12% 28 10% 0 -0.9%
Construction 22 10% 22 8% 0 -0.9%
Water 6 2% 3 1% -2 -38.5%
Service 0 0% 2 1% 2 526.9%
Other Activities 10 4% 11 4% 2 16.2%
Consolidation Adjustments 1 n.m. 0 n.m. -1 n.m.
TOTAL EBITDA 226 100% 280 100% 55 24.3%
Margin (%) 16.1% 18.3% +2.3pp
Note: EBITDA contributions calculated before consolidation adjustments.
The EBITDA in Q1 2015 increased by 24.3% to €280 million mainly due to
the strong growth of the Energy business (+28.9%) driven by both the
strong contribution from AWP and the growth registered by the generation
business in international markets.
The EBITDA margin stood at 18.3%, 2.3 percentage points higher than in
Q1 2014.
With respect to the relative EBITDA contribution of the divisions: Energy
contributed the most (86%), followed by Construction (8%). The rest of the
businesses contributed 6% of EBITDA.
7. Q1 2015 Results (January – March)
7
EBIT
EBIT reached €150 million, a 15.8% higher than in Q1 2014.
EBT
EBT (Million Euro) Jan-Mar 14 Jan-Mar 15 Chg.(€m) Chg.(%)
Energy 12 65 52 425.3%
Infrastructure 8 10 2 30.0%
Construction 9 5 -3 -39.3%
Water 3 6 3 90.8%
Service -4 -1 3 -68.0%
Other Activities -8 -9 -1 7.3%
Consolidation Adjustments 1 1 -1 -57.4%
Ordinary EBT 13 66 53 406.0%
Extraordinaries 28 0 -28 n.m
TOTAL EBT 41 66 26 63.0%
Margin (%) 2.9% 4.3% +1.4pp
Ordinary EBT increased five-fold to €66 million vs. €13 million in Q1 2014
mainly due to the EBT increase of Energy business which improves by €52
million.
Total EBT amounted to €63.0% million (including the effect of the
divestments carried out in Q1 2014 which amounted to €28 million).
Attributable Net Profit
Attributable net profit amounted to €42 million, a 28.5% higher than Q1
2014.
8. Q1 2015 Results (January – March)
8
3. CONSOLIDATED BALANCE SHEET
(Million Euro) 31-Dec-14 31-Mar-15 Chg. Chg.
(€m) (€m) (€m) (%)
Property, Plant & Equipment and Intangible assets 8,733 8,976 244 2.8%
Financial assets 546 549 3 0.6%
Goodwill 79 79 0 0.0%
Other non-current assets 1,414 1,505 92 6.5%
NON-CURRENT ASSETS 10,771 11,111 339 3.1%
Inventories 1,043 1,038 -5 -0.5%
Accounts receivable 1,940 1,887 -53 -2.7%
Other current assets 281 292 11 3.8%
Current financial assets 369 406 37 9.9%
Cash and Cash equivalents 1,327 1,485 158 11.9%
Assets held for sale 412 398 -14 -3.4%
CURRENT ASSETS 5,372 5,505 133 2.5%
TOTAL ASSETS 16,143 16,615 472 2.9%
Capital 57 57 0 0.0%
Reserves 3,167 3,381 215 6.8%
Profit attributable to equitly holders of the parent 185 42 -143 -77.3%
Own Securities -29 -32 -3 11.0%
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 3,380 3,448 68 2.0%
MINORITY INTERESTS 233 278 44 19.1%
EQUITY 3,613 3,726 113 3.1%
Interest-bearing borrowings 5,918 6,254 336 5.7%
Other non-currrent liabilities 2,001 2,129 128 6.4%
NON-CURRENT LIABILITIES 7,919 8,382 464 5.9%
Interest-bearing borrowings 1,072 1,017 -55 -5.1%
Trade payables 2,558 2,511 -47 -1.8%
Other current liabilities 660 654 -6 -0.9%
Liabilities associated to assets held for sale 321 324 3 0.9%
CURRENT LIABILITIES 4,611 4,506 -105 -2.3%
TOTAL LIABILITIES AND EQUITY 16,143 16,615 472 2.9%
9. Q1 2015 Results (January – March)
9
Attributable Equity
ACCIONA’s attributable equity as of 31st
March 2015 amounted to €3,448
million, a 2.0% higher than in December 2014.
Net Financial Debt
(Million Euro) Chg. Chg.
(€m) % Total (€m) % Total (€m) (%)
Interest-bearing borrowings without recourse 4,954 71% 5,142 71% 189 3.8%
Interest-bearing borrowings with recourse 2,036 29% 2,128 29% 92 4.5%
Total interest-bearing debt 6,990 100% 7,271 100% 281 4.0%
Cash + Cash equivalents 1,696 1,890 194 11.5%
Net financial debt 5,294 5,380 86 1.6%
31-Mar-1531-Dec-14
Net financial debt slightly increased from €5,294 million as of 31st
December
2014 to €5,380 million as of 31st
March 2015. The group showed a positive
cash generation during Q1 2015. However, the effect of the mark to market
of the derivatives and the evolution of the exchange rate trends had a
negative impact on the debt of €139 million. Without these two effects the
net financial debt would have decreased by €53 million vs. December 2014.
Financial gearing has evolved as follows:
(Million Euro) 31-Mar-14 31-Dec-14 31-Mar-15
Net Debt 5,902 5,294 5,380
Gearing (Net Debt / Equity) (%) 172% 147% 144%
Capital Expenditure
(Million Euro) Jan-Mar 14 Jan-Mar 15
(€m) (€m)
Energy 76 41
Infrastructure 8 13
Construction 4 8
Water 2 2
Service 3 3
Other Activities 0 1
Ordinary Net Capex 84 55
Extraordinary divestments -67 0
Total Net Capex 17 55
Net ordinary capital expenditure across ACCIONA’s divisions amounted to
€55 million, a 34.3% less than in Q1 2014. Energy represents the biggest
share of the investment effort with €41 million.
10. Q1 2015 Results (January – March)
10
4. RESULTS BY DIVISION
4.1. Energy
(Million Euro) Jan-Mar 14 Jan-Mar 15 Chg. (€m) Chg. (%)
Generation 349 361 11 3.3%
Industrial, development and others 137 280 143 104.0%
Revenues 487 640 154 31.6%
Generation 207 239 32 15.7%
Industrial, development and others -20 2 22 -110.0%
EBITDA 187 241 54 28.9%
Margin (%) 38.4% 37.6%
EBT 12 65 52 425.3%
Margin (%) 2.5% 10.1%
ACCIONA Energy revenues increased by 31.6% to €640 million. The EBITDA
increased by 28.9% to €241 million and the EBITDA margin contracted 0.8
percentage points to 37.6% vs.38.4% in Q1 2014. EBT amounted to €65
million vs. €12 million last year.
The results are mainly driven by the following factors:
The increase shown in AWP that reached €15 million EBITDA vs. €4
million losses in Q1 2014.
Good performance of the generation EBITDA which grows by 15.7%
to €239 million, mainly boosted by:
– A higher international generation EBITDA due to a production
increase based on the addition of new capacity in the last
twelve months as well as in the positive effect derived from the
foreign exchange rates variations mainly related to the
appreciation of the USD.
– A higher pool price in Spain.
The net increase of the consolidated installed capacity by 228MW in
the last twelve months due to the combined effect of:
– The installation of 183MW of new wind capacity (45MW in Chile
and 138MW in South Africa) and 94MW of SPV in South Africa.
– The reduction of 9MW cogeneration in Q1 2015.
– The sale of 41MW hydro in Q4 2015.
At an operational level, the division presents a consolidated production
of 4,965GWh, a 2.6% higher than in Q1 2014. This is mainly due to the
new wind capacity installed as well as to a higher wind and solar load
factors which offset a lower hydro factor in the period.
It is worth highlighting the significant improvement of “industrial activity
and development” with an EBITDA net improvement of €22 million
relative to the same period last year, boosted by the good performance
of AWP which installed 187MW vs. 83MW in Q1 2014.
11. Q1 2015 Results (January – March)
11
EBITDA from the industrial activity and development
(Million Euro) Jan-Mar 14 Jan-Mar 15 Chg. (€m)
Windpower -4 15 +19
Development and construction -6 -4 +2
Total EBITDA Industrial & development -11 11 +22
Breakdown of Installed Capacity and Production by Technology
31-Mar-15 Installed MW Produced GWh Installed MW Produced GWh Installed MW Produced GWh
Wind Spain 4,743 3,303 3,466 2,321 4,074 2,791
Wind International 2,437 2,114 2,195 1,934 1,443 1,297
USA 628 495 553 438 374 296
Mexico 557 774 557 774 361 503
Australia 305 248 239 207 181 151
Canada 181 158 103 93 69 62
Italy 156 84 156 84 104 56
Portugal 120 93 120 93 75 57
India 86 32 86 32 57 22
Poland 71 51 71 51 47 34
Costa Rica 50 90 50 90 32 59
Greece 48 27 48 27 35 20
Chile 45 18 45 18 30 12
South Africa 138 0 138 0 47 0
Croatia 30 26 30 26 20 18
Hungary 24 16 0 0 12 8
Total Wind 7,180 5,416 5,660 4,255 5,517 4,088
Hydro special regime 248 210 248 210 248 210
Conventional Hydro 640 269 640 269 640 269
Biomass 61 91 61 91 59 87
Solar PV 143 78 97 58 55 29
Solar Thermoelectric 314 81 314 81 262 68
Total other technologies 1,407 729 1,361 709 1,264 663
Total Energy 8,586 6,146 7,021 4,965 6,782 4,751
Total Spain 5,945 3,936 4,668 2,954 5,244 3,413
Total International 2,641 2,210 2,353 2,010 1,538 1,338
ConsolidatedTotal Net
Annex 2 shows greater detail on MWs and productions.
12. Q1 2015 Results (January – March)
12
4.2. Infrastructure
(Million Euro) Jan-Mar 14 Jan-Mar 15 Chg. (€m) Chg. (%)
Construction 524 535 10 2.0%
Water 105 89 -17 -15.7%
Service 159 165 6 3.7%
Cifra de Negocios 789 789 0 -0.1%
Construction 22 22 0 -0.9%
Water 6 3 -2 -38.5%
Service 0 2 2 n.m.
EBITDA 28 28 0 -0.9%
Margen (%) 3.6% 3.5%
BAI 8 10 2 30.0%
Margen (%) 1.0% 1.3%
ACCIONA Infrastructure division includes the operations of Construction,
Water and Services under a single division. This structure brings the
following benefits:
Common and integrated international structure to support Construction,
Water and Service business development.
A single and more comprehensive global offer to clients.
Additional business opportunities from synergies among business units.
More efficient international organizational structure to support the
business.
Focus on accountability and risk control through specialization, technical
excellence and consistent execution.
13. Q1 2015 Results (January – March)
13
A. Construction
(Million Euro) Jan-Mar 14 Jan-Mar 15 Chg. (€m) Chg. (%)
Construction & Engineering 501 511 11 2.1%
Concessions 24 23 0 -1.7%
Revenues 524 535 10 2.0%
Construction & Engineering 13 13 0 -0.3%
Concessions 9 9 0 -1.8%
EBITDA 22 22 0 -0.9%
Margin (%) 4.2% 4.1%
EBT 9 5 -3 -39.3%
Margin (%) 1.7% 1.0%
Revenues amounted to €535 million, 2.0% higher than in Q1 2014 mainly
due to a rise in the levels of the construction and engineering activities.
EBITDA remained flat in €22 million with a margin of 4.1% (vs. 4.2% in Q1
2014).
The concession business remained flat on revenues and EBITDA vs Q1
2014.
Construction Backlog
As of 31st
of March 2015 the construction backlog amounted to €6,264, a
13% higher than in March 2014. The international backlog reached an
overall weight of 69% out of the total backlog vs. 55% a year ago.
During Q1 2015 new works contracted amounted to €1,083 million, out of
which 90% came from international markets. It is worth mentioning the
award in the Q1 2015 of the EPC contract for a twin railway tunnel in
Norway which will join the cities of Oslo and Ski as well as the construction
of the Kathu Solar complex (100MW of Solar Thermoelectric) in South
Africa.
(Million Euro) 31-Mar-14 31-Mar-15 Chg. (%) Weight (%)
Civil works (Spain) 1,766 1,476 -16% 24%
Civil works (International) 2,548 3,573 40% 57%
Total Civil Works 4,314 5,048 17% 81%
Non Residential (Spain) 493 239 -52% 4%
Non Residential (International) 256 269 5% 4%
Non Residential 748 508 -32% 8%
Residential (Spain) 25 23 -8% 0%
Residential (International) 15 33 117% 1%
Total Residential 41 57 39% 1%
ANA Development (Spain) 0 0 0% 0%
ANA Development (International) 13 17 34% 0%
Total ANA Development 13 18 33% 0%
Engineering, construction auxiliary and Other. 413 633 53% 10%
TOTAL 5,528 6,264 13% 100%
Total Spain 2,495 1,944 -22% 31%
Total International 3,033 4,321 42% 69%
14. Q1 2015 Results (January – March)
14
Concessions
As of 31st
March ACCIONA held a portfolio of 22 concessions with a book
value of €1,459 million (€448 million “equity” and €1,0101
million net debt).
Annex 3 contains the details on the concessions portfolio as of 31st
March
2015.
1
It includes the debts of the concessions accounted by the equity method (€645 million).
15. Q1 2015 Results (January – March)
15
B. Water
(Million Euro) Jan-Mar 14 Jan-Mar 15 Chg. (€m) Chg. (%)
Revenues 105 89 -17 -15.7%
EBITDA 6 3 -2 -38.5%
Margin (%) 5.3% 3.8%
EBT 3 6 3 90.8%
Margin (%) 3.1% 7.1%
The Water division has shown a 15.7% decline in revenues to €89 million
mainly due to the reduction of the design & construction activities derived
from the finalization of the main ongoing works and the slowdown in
international markets.
EBITDA amounted to €3 million vs. €6million in Q1 2014.
Water Backlog
Water backlog as of March 2015 stood at €9,575 million, 3% less than
twelve months ago.
(Million Euro) 31-Mar-14 31-Mar-15 Chg. (%)
D&C 376 480 28%
O&M 9,455 9,095 -4%
TOTAL 9,831 9,575 -3%
(Million Euro) 31-Mar-14 31-Mar-15 Weight (%)
Spain 8,928 8,354 87%
International 902 1,221 13%
TOTAL 9,831 9,575 100%
Annex 4 shows detail of water concessions under the SIC 29 as of 31st
March 2015.
16. Q1 2015 Results (January – March)
16
C. Service
(Million Euro) Jan-Mar 14 Jan-Mar 15 Chg. (€m) Chg. (%)
Revenues 159 165 6 3.7%
EBITDA 0 2 2 n.m.
Margin (%) 0.2% 1.5%
EBT -4 -1 3 -68.0%
Margin (%) -2.6% -0.8%
ACCIONA Service encompasses a series of services: airport handling
services, facility services, logistic services, waste management and others.
The division reported an increase in revenues of 3.7% reaching €165 million
as a result of higher volumes of facility services activity. The EBITDA level
has also reported positive, reaching €2 million vs. €0.4 in Q1 2014.
17. Q1 2015 Results (January – March)
17
4.3. Other Activities
(Million Euro) Jan-Mar 14 Jan-Mar 15 Chg. (€m) Chg. (%)
Trasmediterranea 82 87 5 5.5%
Real Estate 27 9 -18 -67.2%
Bestinver 34 22 -11 -33.5%
Winery 7 7 0 4.5%
Corp. & other 1 2 0 16.9%
Revenues 151 127 -25 -16.3%
Trasmediterranea -11 -3 8 n.m.
Real Estate 3 1 -2 -63.4%
Bestinver 19 14 -5 -25.0%
Winery 0 0 0 -74.6%
Corp. & other -1 -1 0 -34.8%
EBITDA 10 11 2 16.2%
Margin (%) 6.5% 9.0%
EBT -8 -9 -1 7.3%
Margin (%) -5.5% -7.1%
During Q1 2015 this division - which includes Trasmediterranea, real estate,
Bestinver, wineries and others - reported revenues of €127 million, 16.3%
lower than in Q1 2014.
Nevertheless its EBITDA increased to €11 million, 16.2% above Q1 2014
levels, boosted by the improving performance of Trasmediterránea, more
than offsetting the decrease in Bestinver and in the real estate business.
Trasmediterranea:
Trasmediterranea improved its EBITDA in €8 million due to higher revenues
and lower fuel costs.
During this period, the number of passengers, vehicles and lane metres
increased by 8.3%, 1.7% and 9.1% respectively.
Jan-Mar 14 Jan-Mar 15 Chg. (%)
Passengers served 369,918 400,457 8.3
Cargo handled (lane metres) 1,268,382 1,384,393 9.1
Vehicles 84,359 85,758 1.7
18. Q1 2015 Results (January – March)
18
Real Estate:
Real Estate revenues decreased by 67% to €9 million. EBITDA reached €1
million.
Such decrease comes as a result of a change of strategy by which some of
the housing stock has been put up for rent. This decision also explains the
significant decrease in the housing stock with regards to December 2014
31-Mar-14 31-Dec-14 31-Mar-15 Chg. (%)
Housing stock 756 685 474 -37.3
Out of the 474 units, 231 are international units.
Bestinver:
Bestinver’s assets under management stood at €6,023 million as of 31st
March 2015. It reported an EBITDA of €14 million.
19. Q1 2015 Results (January – March)
19
5. ANNEX 1: MATERIAL INFORMATION, DIVIDEND
AND SHARE DATA
5.1. Significant communications to the stock market
25th
March 2015: ACCIONA signs a syndicated loan with banks
worth €1,800 million.
– ACCIONA Financiación Filiales, S.A., has signed with a syndicate
of banks, integrated by 19 financial institutions (10 Spanish 9
Foreign), a financing agreement totaling €1,800 million.
– The financing is divided in two tranches (Tranche A for a
maximum of €360 million and Tranche B for a maximum of
€1,440 million) maturing March 25th
, 2020. The two tranches will
be used to refinance part of the group's debt, general corporate
and investment expenses as well as the group’s liquidity needs.
– The finance contract signed is guaranteed by ACCIONA SA.
20. Q1 2015 Results (January – March)
20
5.2. Dividend
On the 26th
of February 2015 the Board of Directors of ACCIONA resolved to
reinstate the interim dividend against 2014 results for an amount of €2 per
share.
This decision is pending approval at the Annual General Meeting that is
expected to take place the 11th
of June 2015.
5.3. Share data and share Price performance
ACCIONA Share Price Evolution (€/share)
Key Share Data
31-Mar-15
Price at 31
st
March 2015 (€/share) 71.78
Price at 1
st
January 2015 (€/share) 56.20
Low in Q1 2015 (06/01/2015) 54.24
High in Q1 2015 (24/03/2015) 73.18
Average daily trading (shares) 199,771
Average daily trading (€) 12,923,935
Number of shares 57,259,550
Market capitalisation 31
s t
March 2015 (€ million) 4,110
Capital social
As of the 31st
of March 2015 the share capital of ACCIONA amounted to
€57,259,550 divided into 57,259,550 shares of €1 of nominal value each.
The group’s treasury shares as of the 31st
of March 2015 amounted to
577,316 shares which represent a 1.01% of the share capital.
22. Q1 2015 Results (January – March)
22
7. ANNEX 3: DETAIL OF TRANSPORT AND HOSPITAL CONCESSIONS
Chinook roads (SEST) Pay for availibility road integrated in the Calgary ring motorway (25km) 2010 - 2043 33 Canada 5% Operational Equity method* Financial asset
Autovia de los Viñedos Construction, operation and maintenance of road CM-42 between Consuegra & Tomelloso (74.5km). Shadow toll 2003 - 2033 30 Spain 50% Operational Equity method Intangible asset
Ruta 160 Reform, maintenance and operation of a 91km toll road between Coronel and Tres Pinos. Explicit toll 2008 - 2048 40 Chile 100%
Construction &
Operational
Global integration Financial asset
Infraestructuras y radiales (R-2)
Construction and operation of 87km toll road motorway R-2 connecting Madrid-Guadalajara (includes maintenance of part of M-
50 connecting A1 and A2). Explicit toll
2001 - 2039 38 Spain 25% Operational Equity method Intangible asset
Rodovia do Aço
Recovery, operation and maintenance of BR-393 (200.4km) road in the Rio de Janeiro state (between Volta Redonda & Alén).
Explicit toll
2008 - 2033 25 Brazil 100%
Construction &
Operational
Global integration Intangible asset
A2 - Section 2
Remodeling, restoration, operation and maintenance of a 76.5km strech of an existing road between km 62 (A-2) and km 139
(border of province of Soria-Guadalajara). Shadow toll
2007 - 2026 19 Spain 100% Operational Global integration Intangible asset
Puente del Ebro Toll expressway connecting N-II & N-232 (5.4km; 400m above the Ebro river). Shadow toll 2006 - 2036 30 Spain 50% Operational Equity method Intangible asset
Windsor Essex Parkway
Design, construction and operation of 11km highway connecting Windsor (Ontario - Canada) and U.S. Border (Detroit -
Michigan)
2010 - 2044 34 Canada 33% Construction Equity method Financial asset
Nouvelle Autoroute A-30
Construction and operation of toll road-Highway 30 in Montreal, between Châteauguay and Vaudreuil-Dorion (74km). Explicit
toll
2008 - 2043 35 Canada 5% Operational Equity method* Financial asset
Autovía Gerediaga - Elorrio
Construction, conservation and operation of N-636 road, Gerediaga-Elorrio stretch, and conservation and operation of Variante
de Elorrio already built. Pay for availilibility
2012 - 2042 30 Spain 23% Construction Equity method Financial asset
Autovía del Almanzora
Construction and operation of the 40.76km road in Almería connecting Purchena and the Autovía del Mediterráneo (A-7).
Availiability payment
2012 - 2044 32 Spain 24% Construction Equity method Financial asset
Autovía de la Plata
Construction, conservation and operation of Autovía de la Plata (A-66) road, between Benavente and Zamora. Stretches: A6
(Castrogonzalo) - Santovenia del Esla, Santovenia del Esla - Fontanillas de Castro, Fontanillas de Castro –Zamora. Pay for
availilibility
2012 - 2042 30 Spain 25% Construction Equity method Financial asset
Consorcio Traza
(Tranvía Zaragoza)
Construction & operation of the streetcar that crosses the city (12.8km) 2009 - 2044 35 Spain 17% Operational Equity method Both methods
Sydney Light Rail
Design, construction and O&M of 12km rail line from Circular Quay via George Street to Central Station crossing Surry Hills to
Moore Park, Kensington, Kingsford and Randwick. It includes operation of Inner West line
2014 - 2034 20 Australia 5% Construction Equity method Financial asset
Canal Canal de Navarra Construction & operation of the 1st
phase of the Canal de Navarra irrigation area 2006 - 2036 30 Spain 35% Operational Equity method Both methods
Port Nova Darsena Esportiva de Bara Construction & operation of the Roda de Bara marina. Revenues from moorings, shops & parkings (191,771m2
) 2005 - 2035 30 Spain 50% Operational Equity method N/A
Fort St John DBFOM for a new 55-bed hospital (plus 123 nursing home patients) 2009 - 2042 33 Canada 5% Operational Equity method* Financial asset
Hospital de Leon Bajio Design, construction, equipment and O&M of the hospital occupying an area of 25,000m² (184 beds) 2005 - 2030 25 Mexico 100% Operational Global integration Financial asset
Hospital del Norte (Madrid) DBFOM of the hospital with an area of 90,000m2
divided in 4 blocks (283 beds) 2005 - 2035 30 Spain 95% Operational Global integration Financial asset
Gran Hospital Can Misses (Ibiza) DBFOM of the hospital with an area of 72,000m2
& a health center (241 beds) 2010 - 2045 35 Spain 40% Operational Equity method Financial asset
Novo Hospital de Vigo DBFOM of 3 hospitals with an area of 300,000m² (175,000m² hospital y 125,000m² car park). (2007 beds) 2011 - 2035 24 Spain 43% Construction Equity method Financial asset
Centro Hospitalario Universitario de
Toledo
Construction and operation of Hospital Universitario de Toledo, with 760 beds 2015 - 2045 30 Spain 33% Construction Equity method Financial asset
DescriptionName Country Asset typeStatusPeriod Duration ACCIONA
Road
Accounting method
Rail
Hospital
*Indirect 10% stake held through ACCIONA Concesiones Canadá Inc.
23. Q1 2015 Results (January – March)
23
8. ANNEX 4: DETAIL OF WATER CONCESSIONS UNDER SIC 29
EDAR 8B Construction, operation and maintenance of the wastewater treatment plant "08B Zone" of Aragon 2008 - 2028 Spain 100% Operational Global integration Intangible asset
EDAR 7B Construction, operation and maintenance of the wastewater treatment plant "07B Zone" of Aragon 2011 - 2031 Spain 100% Operational Global integration Intangible asset
IDAM Alicante Construction, operation and maintenance of the sea water desalination plant in Tipaza Alicante 2000 - 2018 Spain 50% Operational Proportional integration Financial asset
IDAM Javea Construction, operation and maintenance of the sea water desalination plant in Javea 2001 - 2023 Spain 100% Operational Global integration Financial asset
IDAM Cartagena Construction, operation and maintenance of the sea water desalination plant in Cartagena 2001 - 2020 Spain 63% Operational Proportional integration Financial asset
IDAM Ciutadella Construction, operation and maintenance of the sea water desalination plant in Ciutadella 2007 - 2026 Spain 100% Operational Global integration Financial asset
IDAM Fouka Construction, operation and maintenance of the sea water desalination plant in Tipaza 2008 - 2036 Argelia 26% Operational Equity method Financial asset
IDAM Ibiza -Portmany Reconstruction, works operation and maintenance of the sea water desalination plant in San Antonio Portmany and Ibiza 2010 - 2024 Spain 50% Operational Equity method Financial asset
PTAR Atotonilco Construction, operation and maintenance of the wastewater desalination plant in Atotonilco 2010 - 2035 Mexico 24% Construction Equity method Financial asset
WWTP Mundaring Construction, operation and maintenance of the wastewater treatment plants in Mundaring 2011 - 2048 Australia 25% Operational Equity method Financial asset
PTAR La Chira Construction, operation and maintenance of the wastewater treatment plants in La Chira 2011 - 2027 Peru 50% Construction Equity method Financial asset
IDAM Sureste Extension, improvement, operation and maintenance of the sea water desalination plant in southeast of Gran Canarias 2002 - 2014 Spain 100% Operational Global integration Intangible asset
IDAM Arucas Moya Extension, operation and maintenance of the sea water desalination plant in Arucas / Moya 2008 - 2024 Spain 100% Operational Global integration Intangible asset
Red de saneamiento en Andratx Construction, operation and maintenance of the wastewater treatment plants in Andratx 2009 - 2044 Spain 100% Construction Global integration Intangible asset
ACCIONA Status Accounting method Asset typeName Description Period Country
24. Q1 2015 Results (January – March)
24
9. ANNEX 5: SUSTAINABILITY
9.1 Sustainability indices
The results of the 2014 annual review confirm that ACCIONA is
a component of the Dow Jones Sustainability Indexes (DJSI
World) for the eighth consecutive year. These indexes are
composed of those companies deemed most advanced in
economic, social and environmental terms. ACCIONA has been
assessed in the Electric Utilities industry.
Following a new half-year assessment, ACCIONA continues to
rank on the FTSE4Good Index Series. Companies in the
FTSE4Good Index Series have met stringent social and
environmental criteria, and are positioned to capitalise on the
benefits of responsible business practice.
ACCIONA is a constituent of the MSCI Global Climate Index,
which includes companies that are leaders in mitigating
immediate and long-term factors that contribute to climate
change.
ACCIONA has been listed in the Global CDP Climate
Performance Leadership Index 2014, based on companies that
demonstrate leadership through action to combat climate
change. It has also been included in the CDP Iberia 125 Climate
Disclosure Leadership Index 2014 and the CDP Supplier Climate
Performance Leadership Index.
9.2 Sustainability events during the period:
ACCIONA has been awarded the “RobecoSAM Silver Class 2015”
among companies in the Electric Utilities sector in The Sustainability
Yearbook 2015 produced by RobecoSAM. These distinctions are given
to companies with best sustainability practices at sector level.
In January ACCIONA took part in the launch of the CEO Climate
Leadership Group at the World Economic Forum in Davos which sets
out to drive the private sector‘s contribution to the fight against climate
change.
The EURUS Wind Farm project (Mexico) of ACCIONA Energy has won
the Infrastructure 360º 2015 award, in the category People and
Leadership, granted by the Inter-American Development Bank
(IDB), jointly with the Zofnass Program for Sustainable Infrastructure
of the Harvard University. This award is given to the project that shows
the greatest extent of positive impacts on people’s quality of life and
the community where it is located.