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.
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.
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.
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.
In the first half of 2013, CIR Group reported a consolidated net loss of €164.9 million compared to a net income of €0.7 million in the first half of 2012. The net loss was entirely due to write-downs of Sorgenia assets totaling €190.5 million. Excluding write-downs, the net result was a loss of €2.5 million. Revenues at the main subsidiaries Sogefi, Espresso and KOS grew compared to the same period in 2012. Sorgenia reported an improved operating performance with EBITDA before write-downs of €103.2 million, up from €32.2 million in the first half of 2012. Consolid
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.
- 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.
The Hera Group reported improved operating and financial results for the first quarter of 2021 compared to the same period last year. Revenues increased 10.5% to €2.27 billion driven by higher sales in the energy sectors. EBITDA rose 3.7% to €362 million and net profit for shareholders increased 6.3% to €132.2 million. Net financial debt declined significantly by €149 million to €3.08 billion due to strong cash flow generation during the quarter.
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.
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.
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.
In the first half of 2013, CIR Group reported a consolidated net loss of €164.9 million compared to a net income of €0.7 million in the first half of 2012. The net loss was entirely due to write-downs of Sorgenia assets totaling €190.5 million. Excluding write-downs, the net result was a loss of €2.5 million. Revenues at the main subsidiaries Sogefi, Espresso and KOS grew compared to the same period in 2012. Sorgenia reported an improved operating performance with EBITDA before write-downs of €103.2 million, up from €32.2 million in the first half of 2012. Consolid
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.
- 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.
The Hera Group reported improved operating and financial results for the first quarter of 2021 compared to the same period last year. Revenues increased 10.5% to €2.27 billion driven by higher sales in the energy sectors. EBITDA rose 3.7% to €362 million and net profit for shareholders increased 6.3% to €132.2 million. Net financial debt declined significantly by €149 million to €3.08 billion due to strong cash flow generation during the quarter.
Tegma presented its financial results for the 4th quarter of 2012, which showed growth in net revenue driven by consumption goods segments and increased vehicle sales. However, adjusted EBITDA margins declined due to changes in revenue mix and increased expenditures to support growth. Specifically, the automotive logistics segment saw a 15% increase in net revenue but a 7.7% decrease in EBITDA. The integrated logistics segment grew revenue by 8.3% but had negative EBITDA growth of over 130% due to increased costs related to e-commerce growth and administrative expenditures. Overall net income was impacted by financial and operational factors.
- 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.
Rabobank Group Interim Report 2013 PresentationRabobank
Rabobank Group reported a decrease in net profit of 14% for the first half of 2013 compared to the same period in 2012, amid continuing weak economic conditions. Net profit was €1.1 billion. Interest income declined 6% and operating expenses fell 3%, but value adjustments increased. The bank maintained strong capital ratios and liquidity positions. Domestic retail banking saw a 3% decrease in profit, while wholesale and international retail banking profit fell 9%. Real estate reported a net loss of €198 million due to higher impairments. The bank is streamlining operations to better serve customers through digital channels and aims to lower costs by €1 billion.
This document provides an overview of CIR S.p.A. and its subsidiaries' financial results for FY2013. It summarizes that CIR reported a consolidated net loss of €269.2 million for FY2013, driven by write-downs at Sorgenia. However, net debt was reduced to €1,845.3 million. The document also provides highlights and financial results for CIR's major subsidiaries, including decreases in revenues but cost reductions at Espresso, revenue growth and higher EBITDA at Sogefi, and increased revenues and bed capacity at KOS.
The Hera Group Board of Directors approved the consolidated results for the first half of 2016, which showed rising profits, positive cash flows, and reduced borrowing. Key highlights included a 2.4% increase in EBITDA to €470.1 million and a 12.8% rise in net profits for shareholders to €121 million, driven by growth in electricity and waste businesses as well as acquisitions and cost efficiencies. The financial position also improved, with net debt decreasing from €2,651.7 million to €2,624.4 million.
Metso Interim Review January-March 2013 presentationMetso Group
- Metso's Q1/2013 orders declined year-over-year but services orders remained stable. EBITA margin improved to 8.3% despite lower capital equipment sales.
- Mining and Construction saw a decline in capital orders but improved margins. Automation orders grew and margins progressed as planned. Pulp, Paper and Power faced weak volumes impacting margins.
- Services continue to provide stability, representing 47% of sales. Emerging markets were 49% of sales and book-to-bill was 1.1.
- ACCIONA generated €1,192 million in EBITDA in FY2016, a 1.5% increase over FY2015. Revenues declined 8.7% due to lower power prices in Spain, which Infrastructure and Other Activities partially offset.
- Net income increased 70% to €352 million due to positive extraordinary items of €721 million from the contribution of AWP to Nordex, partially offset by €626 million in negative extraordinary items.
- Net debt declined slightly while equity increased 9.1%, lowering financial leverage to 4.31x. Capex increased to €852 million primarily in Energy to grow the project pipeline.
- ACCIONA generated €840 million in EBITDA in the first nine months of 2016, a 5% decline due to lower power prices in Spain, which was partially offset by strong performance in Infrastructure and Other Business.
- Net extraordinary items were positive €92 million, including a €711 million gain from contributing AWP to Nordex, offset by €619 million in charges from refinancing energy assets.
- Gross capex was €745 million, mainly in Energy, while net capex was €595 million after divestments. The construction backlog increased 28% to €7.2 billion.
- 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 reports the H1 2019 results of ACCIONA Group from January to June.
- Key highlights include revenues of €3,570 million, a 1.3% increase over H1 2018. EBITDA reached €659 million, a 6.6% increase over H1 2018. Attributable net profit was €155 million, a 16.5% decrease.
- The Energy division saw a 0.8% decrease in EBITDA contribution. Infrastructure division EBITDA grew 27.5% supported by increased construction revenues. Other Activities' EBITDA decreased 34.6% mainly due to property development.
The document provides an executive summary and details of ACCIONA's FY 2017 results. Key highlights include revenues increasing 21.4% to €7,254 million and EBITDA growing 7% to €1,275 million driven by higher contributions from Infrastructure. Net debt increased slightly to €5,224 million. Gross capital expenditures were €920 million, focused on Energy and Infrastructure. M&A activity included agreements to sell Trasmediterránea and contribute real estate assets to Testa Residencial.
Metso January-June 2013 Interim review presentationMetso Group
Metso's Q2 2013 highlights include:
- Order intake was EUR 1,883 million, up 9% year-over-year. Net sales totaled EUR 1,756 million, down 7%.
- EBITA before non-recurring items was EUR 142 million, down from EUR 178 million in Q2 2012.
- Services business remained solid but capital expenditure-related services saw a slowdown.
- Cost saving initiatives will continue across business areas to improve profitability.
- The demerger process to separate Metso into two companies has progressed on schedule.
Hera Group - Consolidate quarterly report as at 31 March 2020Hera Group
The document provides an overview of Hera Group's performance in Q1 2020 and actions taken in response to the COVID-19 pandemic. Key points include:
- Hera saw a reduction in waste and energy demand due to lockdown measures. It continues proactive management of the health emergency and ensures service continuity through remote work and safety measures.
- The global economic outlook deteriorated significantly due to the pandemic. Hera's local markets in Italy experienced a major economic downturn and contraction in energy/waste volumes.
- Regulators introduced measures to support utilities and customers, including bill payment deferrals and limits on arrearage procedures during the crisis period.
The new 2012-2016 strategic plan for Terna confirms previous guidelines with some adjustments:
1) It reinforces financial discipline with a stronger balance sheet, enhanced financial ratios, and confirmed capex with a different mix.
2) It adds flexibility through opportunities in non-traditional activities and potential sale of selected assets.
3) The plan targets sound growth in the regulated asset base and blended returns, higher operational efficiency, and a significant reduction in incremental debt compared to the previous plan.
Hera group-Consolidate half-year financial report as at 30 june 2016Hera Group
The document provides an overview of Hera Group's consolidated financial report for the first half of 2016. It discusses the Group's operating performance, financial structure, cash flows, performance by business segment, significant events, share performance, strategic approach, regulatory framework, trading activities, commercial policies, and other topics. Financial statements are also included, showing income, financial position, cash flows, and other required reporting. The Group aims to be the best multi-utility in Italy through innovation and strong local ties while respecting the environment.
Tele2 AB reported financial results for Q2 2014. Key highlights included:
- Net sales of SEK 6.34 billion, down 1.3% from Q2 2013. EBITDA of SEK 1.47 billion, down 0.5%.
- Sale of Norwegian operations for SEK 5.3 billion in cash. Mobile net customer intake was 286,000. Mobile end-user service revenue grew 7%.
- By country, Sweden saw 7% revenue growth. Kazakhstan saw 21% currency-adjusted revenue growth. The Netherlands saw strong 213,000 net intake.
- Equatorial's net operating revenues nearly doubled to R$1.1 billion in 2Q13 due to the consolidation of CELPA. EBITDA decreased 46% to R$64 million due to thermal plant dispatch and CELPA consolidation. Adjusted EBITDA excluding regulatory assets was up 74.1% to R$153 million.
- CEMAR's energy sales grew 4.2% while losses decreased slightly. CELPA's energy sales increased 6.4% with losses up 16.9%. Both companies saw improvements in outage indices.
- In August, ANEEL approved a 9.18% average tariff increase for CELPA effective August 2013. CEMAR's
Deutsche EuroShop | Conference Call Presentation - Half Year Financial Report...Deutsche EuroShop AG
This document provides a summary of Deutsche EuroShop's half-year financial report for 2019. Retail turnover for the company's shopping centers in Germany on a like-for-like basis saw a slight decrease of 0.2% in the first half of the year. The company's revenue increased slightly by 0.3% to €111.9 million, meeting expectations. EBIT grew slightly to €98.2 million, up 0.2% compared to the previous year. Funds from operations declined slightly by 0.7% to €75 million due to higher cash tax payments.
Terna reported its consolidated results for the first half of 2021. Key highlights include:
- Electricity demand recovered by 7.8% compared to the first half of 2020.
- Revenues increased 6.4% to €1.259 billion, driven by growth in regulated and non-regulated activities.
- EBITDA rose 3.9% to €910 million.
- Capex increased 41% to €602 million to support Italy's energy transition goals and grid investments outlined in Terna's 10-year plan.
This document provides a disclaimer and important information about ACCIONA's financial results presentation for FY 2014. It notes that the information has not been independently verified or audited and no accuracy is implied. It also contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from expectations.
This document summarizes ACCIONA's improved outlook and actions taken to overcome regulatory impacts in Spain. It discusses ACCIONA's action plan to transform the company through cost reductions, debt paydown, asset sales, and partnerships. Key achievements in 2014 include reducing capex 50%, implementing a cost reduction plan, selling €0.9 billion in assets including a partnership with KKR, and paying down debt. The document outlines plans for further progress in 2015, focusing on balancing deleveraging, shareholder returns, and growth across its businesses.
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.
Tegma presented its financial results for the 4th quarter of 2012, which showed growth in net revenue driven by consumption goods segments and increased vehicle sales. However, adjusted EBITDA margins declined due to changes in revenue mix and increased expenditures to support growth. Specifically, the automotive logistics segment saw a 15% increase in net revenue but a 7.7% decrease in EBITDA. The integrated logistics segment grew revenue by 8.3% but had negative EBITDA growth of over 130% due to increased costs related to e-commerce growth and administrative expenditures. Overall net income was impacted by financial and operational factors.
- 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.
Rabobank Group Interim Report 2013 PresentationRabobank
Rabobank Group reported a decrease in net profit of 14% for the first half of 2013 compared to the same period in 2012, amid continuing weak economic conditions. Net profit was €1.1 billion. Interest income declined 6% and operating expenses fell 3%, but value adjustments increased. The bank maintained strong capital ratios and liquidity positions. Domestic retail banking saw a 3% decrease in profit, while wholesale and international retail banking profit fell 9%. Real estate reported a net loss of €198 million due to higher impairments. The bank is streamlining operations to better serve customers through digital channels and aims to lower costs by €1 billion.
This document provides an overview of CIR S.p.A. and its subsidiaries' financial results for FY2013. It summarizes that CIR reported a consolidated net loss of €269.2 million for FY2013, driven by write-downs at Sorgenia. However, net debt was reduced to €1,845.3 million. The document also provides highlights and financial results for CIR's major subsidiaries, including decreases in revenues but cost reductions at Espresso, revenue growth and higher EBITDA at Sogefi, and increased revenues and bed capacity at KOS.
The Hera Group Board of Directors approved the consolidated results for the first half of 2016, which showed rising profits, positive cash flows, and reduced borrowing. Key highlights included a 2.4% increase in EBITDA to €470.1 million and a 12.8% rise in net profits for shareholders to €121 million, driven by growth in electricity and waste businesses as well as acquisitions and cost efficiencies. The financial position also improved, with net debt decreasing from €2,651.7 million to €2,624.4 million.
Metso Interim Review January-March 2013 presentationMetso Group
- Metso's Q1/2013 orders declined year-over-year but services orders remained stable. EBITA margin improved to 8.3% despite lower capital equipment sales.
- Mining and Construction saw a decline in capital orders but improved margins. Automation orders grew and margins progressed as planned. Pulp, Paper and Power faced weak volumes impacting margins.
- Services continue to provide stability, representing 47% of sales. Emerging markets were 49% of sales and book-to-bill was 1.1.
- ACCIONA generated €1,192 million in EBITDA in FY2016, a 1.5% increase over FY2015. Revenues declined 8.7% due to lower power prices in Spain, which Infrastructure and Other Activities partially offset.
- Net income increased 70% to €352 million due to positive extraordinary items of €721 million from the contribution of AWP to Nordex, partially offset by €626 million in negative extraordinary items.
- Net debt declined slightly while equity increased 9.1%, lowering financial leverage to 4.31x. Capex increased to €852 million primarily in Energy to grow the project pipeline.
- ACCIONA generated €840 million in EBITDA in the first nine months of 2016, a 5% decline due to lower power prices in Spain, which was partially offset by strong performance in Infrastructure and Other Business.
- Net extraordinary items were positive €92 million, including a €711 million gain from contributing AWP to Nordex, offset by €619 million in charges from refinancing energy assets.
- Gross capex was €745 million, mainly in Energy, while net capex was €595 million after divestments. The construction backlog increased 28% to €7.2 billion.
- 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 reports the H1 2019 results of ACCIONA Group from January to June.
- Key highlights include revenues of €3,570 million, a 1.3% increase over H1 2018. EBITDA reached €659 million, a 6.6% increase over H1 2018. Attributable net profit was €155 million, a 16.5% decrease.
- The Energy division saw a 0.8% decrease in EBITDA contribution. Infrastructure division EBITDA grew 27.5% supported by increased construction revenues. Other Activities' EBITDA decreased 34.6% mainly due to property development.
The document provides an executive summary and details of ACCIONA's FY 2017 results. Key highlights include revenues increasing 21.4% to €7,254 million and EBITDA growing 7% to €1,275 million driven by higher contributions from Infrastructure. Net debt increased slightly to €5,224 million. Gross capital expenditures were €920 million, focused on Energy and Infrastructure. M&A activity included agreements to sell Trasmediterránea and contribute real estate assets to Testa Residencial.
Metso January-June 2013 Interim review presentationMetso Group
Metso's Q2 2013 highlights include:
- Order intake was EUR 1,883 million, up 9% year-over-year. Net sales totaled EUR 1,756 million, down 7%.
- EBITA before non-recurring items was EUR 142 million, down from EUR 178 million in Q2 2012.
- Services business remained solid but capital expenditure-related services saw a slowdown.
- Cost saving initiatives will continue across business areas to improve profitability.
- The demerger process to separate Metso into two companies has progressed on schedule.
Hera Group - Consolidate quarterly report as at 31 March 2020Hera Group
The document provides an overview of Hera Group's performance in Q1 2020 and actions taken in response to the COVID-19 pandemic. Key points include:
- Hera saw a reduction in waste and energy demand due to lockdown measures. It continues proactive management of the health emergency and ensures service continuity through remote work and safety measures.
- The global economic outlook deteriorated significantly due to the pandemic. Hera's local markets in Italy experienced a major economic downturn and contraction in energy/waste volumes.
- Regulators introduced measures to support utilities and customers, including bill payment deferrals and limits on arrearage procedures during the crisis period.
The new 2012-2016 strategic plan for Terna confirms previous guidelines with some adjustments:
1) It reinforces financial discipline with a stronger balance sheet, enhanced financial ratios, and confirmed capex with a different mix.
2) It adds flexibility through opportunities in non-traditional activities and potential sale of selected assets.
3) The plan targets sound growth in the regulated asset base and blended returns, higher operational efficiency, and a significant reduction in incremental debt compared to the previous plan.
Hera group-Consolidate half-year financial report as at 30 june 2016Hera Group
The document provides an overview of Hera Group's consolidated financial report for the first half of 2016. It discusses the Group's operating performance, financial structure, cash flows, performance by business segment, significant events, share performance, strategic approach, regulatory framework, trading activities, commercial policies, and other topics. Financial statements are also included, showing income, financial position, cash flows, and other required reporting. The Group aims to be the best multi-utility in Italy through innovation and strong local ties while respecting the environment.
Tele2 AB reported financial results for Q2 2014. Key highlights included:
- Net sales of SEK 6.34 billion, down 1.3% from Q2 2013. EBITDA of SEK 1.47 billion, down 0.5%.
- Sale of Norwegian operations for SEK 5.3 billion in cash. Mobile net customer intake was 286,000. Mobile end-user service revenue grew 7%.
- By country, Sweden saw 7% revenue growth. Kazakhstan saw 21% currency-adjusted revenue growth. The Netherlands saw strong 213,000 net intake.
- Equatorial's net operating revenues nearly doubled to R$1.1 billion in 2Q13 due to the consolidation of CELPA. EBITDA decreased 46% to R$64 million due to thermal plant dispatch and CELPA consolidation. Adjusted EBITDA excluding regulatory assets was up 74.1% to R$153 million.
- CEMAR's energy sales grew 4.2% while losses decreased slightly. CELPA's energy sales increased 6.4% with losses up 16.9%. Both companies saw improvements in outage indices.
- In August, ANEEL approved a 9.18% average tariff increase for CELPA effective August 2013. CEMAR's
Deutsche EuroShop | Conference Call Presentation - Half Year Financial Report...Deutsche EuroShop AG
This document provides a summary of Deutsche EuroShop's half-year financial report for 2019. Retail turnover for the company's shopping centers in Germany on a like-for-like basis saw a slight decrease of 0.2% in the first half of the year. The company's revenue increased slightly by 0.3% to €111.9 million, meeting expectations. EBIT grew slightly to €98.2 million, up 0.2% compared to the previous year. Funds from operations declined slightly by 0.7% to €75 million due to higher cash tax payments.
Terna reported its consolidated results for the first half of 2021. Key highlights include:
- Electricity demand recovered by 7.8% compared to the first half of 2020.
- Revenues increased 6.4% to €1.259 billion, driven by growth in regulated and non-regulated activities.
- EBITDA rose 3.9% to €910 million.
- Capex increased 41% to €602 million to support Italy's energy transition goals and grid investments outlined in Terna's 10-year plan.
This document provides a disclaimer and important information about ACCIONA's financial results presentation for FY 2014. It notes that the information has not been independently verified or audited and no accuracy is implied. It also contains forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ from expectations.
This document summarizes ACCIONA's improved outlook and actions taken to overcome regulatory impacts in Spain. It discusses ACCIONA's action plan to transform the company through cost reductions, debt paydown, asset sales, and partnerships. Key achievements in 2014 include reducing capex 50%, implementing a cost reduction plan, selling €0.9 billion in assets including a partnership with KKR, and paying down debt. The document outlines plans for further progress in 2015, focusing on balancing deleveraging, shareholder returns, and growth across its businesses.
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.
- 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.
ACCIONA is unveiling the ACCIONA 100% EcoPowered, the first fully electric vehicle to participate in the Dakar Rally, powered solely by clean energy with zero emissions; this pioneering project faces the challenges of competing in the toughest motorsport event in the world with an electric car's limited range and need for battery recharging during stages; ACCIONA hopes to prove electric vehicles can compete at the highest level and lead the way for others by demonstrating an alternative that does not generate emissions.
El documento describe cómo ACCIONA y Nordex han acordado crear un líder mundial en la industria eólica. Nordex adquirirá ACCIONA Windpower por 785 millones de euros, y ACCIONA se convertirá en el principal accionista de Nordex con una participación del 29,9%. La fusión aprovechará la complementariedad geográfica y tecnológica de ambas compañías para generar sinergias estimadas en 95 millones de euros anuales a partir de 2019.
- Revenues for ACCIONA increased slightly by 0.6% to €4,728 million for the first nine months of 2014 compared to the same period in 2013.
- EBITDA decreased by 8% to €771 million due to higher costs of goods sold and provisions, partially offset by lower personnel and other expenses.
- Net profit increased substantially by 98.5% to €149 million helped by one-time gains from asset sales and extending the useful life of wind assets.
Discurso de José Manuel Entrecanales en la Junta General de Accionistas 2016acciona
Discurso de José Manuel Entrecanales, presidente de ACCIONA, durante la Junta General de Accionistas 2016. Más información: http://acciona.sa/rusd3006cLL
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.
Telecom Italia - Interim Report at March 31, 2013Gruppo TIM
The document is an interim report by Telecom Italia Group for the first quarter of 2013. Some key highlights include:
- Consolidated revenues decreased 8.1% to €6.8 billion due to lower revenues in the Domestic and Brazil Business Units.
- EBITDA decreased 10.1% to €2.7 billion due to declining revenues and higher costs in Latin America to boost growth.
- Net profit attributable to owners of the Parent was €364 million, down from €605 million in Q1 2012.
- Adjusted net financial debt increased €493 million from the end of 2012 to €28.8 billion at the end of Q1 2013.
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 interim report summarizes Kemira's financial performance from January to March 2013. Key points include:
- Organic revenue growth of 3% and operative EBIT increased 9% to EUR 42.2 million due to cost savings and sales volume growth.
- Earnings per share decreased to EUR 0.01 mainly due to a EUR 23 million write-down related to divesting shares in a joint venture.
- Net debt decreased to EUR 357 million due to proceeds from divesting food/pharmaceutical and joint venture businesses.
In the 1Q 2019 results document:
- ERG reported adjusted EBITDA of €164 million, up slightly from €162 million in 1Q 2018.
- Net debt increased to €1.514 billion from €1.343 billion at the end of 2018, due to investments and acquisitions totaling €233 million in the quarter.
- Guidance for 2019 was confirmed, with expected adjusted EBITDA of €495-515 million and net debt of €1.36-1.44 billion.
In the fourth quarter of 2012, the company reported adjusted EBITDA of €128 million, driven by growth in its power, renewables, and refining & marketing segments. For 2013, the company expects adjusted EBITDA to exceed €500 million, supported by a full-year contribution from its recent power acquisition and favorable market conditions in power generation. The company also forecasts its adjusted net financial position to improve to around €1.3 billion by the end of 2013.
Telecom Italia - Interim Report at September 30, 2012Gruppo TIM
- Consolidated revenues for the Telecom Italia Group were in line with the first nine months of 2011 at 22 billion euros. Organic revenue growth was 1.6%.
- Revenues declined organically for the Domestic Business Unit due to competition and economic factors. Revenues grew organically for the Brazil and Argentina Business Units.
- EBITDA fell 3.0% to 8.9 billion euros, while profit attributable to owners of the Parent was 1.9 billion euros compared to a loss of 1.3 billion euros in the prior year period.
- ACCIONA generated revenues of €1,680 million in Q1 2018, up 2.8% from Q1 2017. EBITDA reached €320 million, a 6.4% increase driven by higher contributions from the Energy, Infrastructure, and Other Activities divisions.
- Net debt increased slightly to €5,374 million due to capital expenditures and higher working capital, though it was lower than in Q1 2017. Ordinary net profit rose 2.9% despite lower contributions from associates.
- In terms of capital expenditures, ACCIONA invested €102 million in Q1 2018, down from €272 million in Q1 2017 which included an acquisition. Total installed capacity grew 2.2%
Comgas reported strong financial and operational results for the first half of 2012. Key highlights included connecting 60 thousand new residential customers, investing R$268 million in the first semester, a 20% increase over 2011, and extending its natural gas network by 555 km. EBITDA increased 18.7% to R$318.9 million compared to the first half of 2011. A sale agreement was also signed for the sale of a 60.1% stake in Comgas to Cosan for R$3.4 billion, pending regulatory approval.
The document provides an overview of Generali Group's 1Q 2013 results. Key highlights include:
- Total operating result increased 8.0% to €1.328 billion compared to 1Q 2012.
- Net income increased 6.3% to €603 million.
- Life operating result was €797 million, down slightly from 1Q 2012. New business value was €254 million.
- P&C operating result increased 26.6% to €520 million, with a net combined ratio improved 1.8 percentage points to 93.6%.
In the first quarter of 2013, ERG reported a 27% increase in adjusted EBITDA to €173 million compared to the same period last year, driven by strong performance in renewables and improvements in refining and marketing. Renewables and power contributed over 90% of EBITDA for the quarter. Net debt was reduced to €1.8 billion and guidance for the full year was confirmed, with EBITDA expected to exceed €500 million and net debt to decrease to around €1.3 billion.
This document summarizes the financial results of Ageas for the first half of 2013. Some key points:
- Insurance net profit was EUR 329 million, up 9% from the first half of 2012, driven by better non-life results.
- Group net profit was EUR 472 million, up 55% from the first half of 2012, with contributions from both insurance and the general account.
- Insurance solvency remained stable at 206% while shareholders' equity was impacted by changes in unrealized gains and losses.
- The general account net result was EUR 143 million, driven by transactions related to an RPI agreement and call option.
- AT&S reported lower revenue and earnings for the first nine months of the 2019/20 financial year compared to the same period last year, due to market upheavals and the economic climate. Revenue was down 4.7% and EBITDA declined 29.1%.
- While some segments like IC substrates and medical saw increases, declines were seen in the mobile devices and industrial segments due to changes in product mix and price pressure.
- AT&S adjusted its outlook for the full financial year due to the effects of the coronavirus, and now expects revenue of €960 million and an EBITDA margin of 18-20%. Medium-term growth targets were maintained.
Hera Group reported Q1 2012 results that were largely in line with Q1 2011 results despite impacts from the Italian recession. EBITDA was slightly higher than in Q1 2011 due to performance in operations offsetting higher taxes. Net profits were affected by some extraordinary negative factors totaling around 12.7 million euros. Capex was in line with Q1 2011 and cash generation fully funded capex and seasonal changes in working capital. Net debt remained stable at 2,006 million euros, in line with the end of 2011.
Wolters Kluwer shared its 2013 half-year results on July 31, 2013 with investors and analysts through a presentation and live webcast. You can watch the archived webcast at http://ht.ly/nuiY2
Triunfo Participações e Investimentos S.A. reported its 1Q12 earnings results. Net revenue grew 21.7% to R$231 million due to a 7.6% increase in traffic volume. Adjusted EBITDA was R$110 million, up 22.2% from 1Q11 with a margin of 54.4%. Net income was R$15 million. The company also won an airport expansion bid and issued R$300 million in promissory notes for investments.
- 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.
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.
Most ambitious SBTi targets Q12021 Financial results
- Hera achieved the most ambitious Science Based Targets initiative (SBTi) emissions reduction targets among Italian multi-utilities, committing to reduce Scope 1, 2 and 3 emissions by 36.7% by 2030.
- Hera's Q1 2021 financial results showed growth compared to Q1 2020, with a 3.7% increase in EBITDA to €362 million and a 6.3% rise in net profit to €132 million.
- Cash flow generation remained strong in Q1 2021, allowing for further business expansion.
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.
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.
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2. Q1 2013 Results (January – March)
2
CONTENTS
1. KEY FINANCIAL FIGURES
2. CONSOLIDATED INCOME STATEMENT
3. RESULTS BY DIVISION
3.1. Energy
3.2. Infrastructure
3.3. Water
3.4. Service
3.5. Other activities
4. CONSOLIDATED BALANCE SHEET
5. ANNEX 1: MATERIAL INFORMATION, DIVIDENDS AND
SHARE DATA
5.1. Significant communications to the stock market
6.2. Dividend
5.3. Share data and share price performance
6. ANNEX 2: CONCESSIONS
6.1. Detail on the concessions portfolio as of 31st
of
March 2013
7. ANNEX 3: SUSTAINABILITY
7.1. Sustainability indexes
7.2. Sustainability events during the period
8. CONTACT
3. Q1 2013 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.
4. Q1 2013 Results (January – March)
4
1. KEY FINANCIAL FIGURES
Revenues reached €1,621 million, representing an increase of 1.9%
compared with the same period last year.
EBITDA amounted to €327 million, 0.5% lower than in March 2012.
EBT was €41 million, 1.5% higher than in March 2012.
Net attributable profit reached €34 million, 18.0% higher than in Q1
2012.
The group’s net ordinary capital expenditure during Q1 2013 amounted
to €99 million, 24.4% less than in Q1 2012.
Net financial debt increased from €7,482 million as of 31st
December
2012 to €7,549 million as of 31st
March 2013.
Income Statement Data
(Million euro) Jan-Mar 12 Jan-Mar 13 Chg. (%)
Revenues 1,591 1,621 1.9
EBITDA 328 327 -0.5
EBIT 153 142 -7.5
EBT 40 41 1.5
Net attributable profit 29 34 18.0
Balance Sheet Data
(Million euro) 31-Dec-12 31-Mar-13 Chg. (%)
Equity 5,508 5,531 0.4
Net debt 7,482 7,549 0.9
Financial gearing 136% 136% 1pp
(Million euro) Jan-Mar 12 Jan-Mar 13 Chg. (%)
Ordinary capital expenditure 132 99 -24.4
Operating Data
31-Mar-12 31-Mar-13 Chg. (%)
Infrastructure backlog (Million euro) 6,975 7,047 1.0
Water backlog (Million euro) 4,815 11,167 131.9
Total wind installed capacity (MW) 6,921 7,135 3.1
Total installed capacity (MW) 8,211 8,476 3.2
Total production (GWh) (Jan-Mar) 5,364 6,172 15.1
Average workforce 31,797 33,004 3.8
5. Q1 2013 Results (January – March)
5
The results are presented in accordance with International Financial
Reporting Standards (IFRS) approved by the European Union.
In 2013 ACCIONA has opted to boost its positioning within the services
sector thus creating ACCIONA Service. This division will include the
businesses of facility services, airport handling, waste management, logistic
services and others. The aim is to offer tailor-made solutions to public and
private clients through an integrated management model.
This has brought about a change in the breakdown of divisions as stated in
this report. Therefore, Q1 2012 figures included in it have been adjusted to
make them comparable to those of Q1 2013.
ACCIONA reports in accordance with its corporate structure, which
comprises six divisions:
Energy: it includes several commercial and industrial activities within the
energy business such as construction of wind farms, generation,
distribution and commercialization of the different kinds of renewable
energy sources.
Infrastructure: it includes construction, engineering and transport and
hospital concessions activities.
Water: it includes integral water services management, from collection,
treatment, desalination, purification process and returning to the
environment. ACCIONA Agua also operates water concessions.
Services: it includes the activities of facility services, airport handling,
waste management, and logistic services among others.
Other activities: this division includes the businesses of
Trasmediterránea, real estate, Bestinver, wineries and other businesses.
6. Q1 2013 Results (January – March)
6
EBITDA in Q1 2013 remained almost flat (-0.5%) vs. Q1 2012, as a result
of a varied performance of the group divisions:
The division of Other Activities achieved the best results moving from a
negative EBITDA of €4 million in Q1 2012 to a positive one of €8 million
in Q1 2013. Such result was mainly due to Bestinver’s good performance
as well as Trasmediterranea that achieved significantly better outcomes
vs. same period last year.
The Energy division reduced its EBITDA by 3.7% as a result of the
regulatory changes approved by the Spanish government in the last few
months as well as a lower international wind load factor.
The Infrastructure division EBITDA also decrease by 18.5% vs Q1 2012
due to the drop in construction activity as well as concessions (due to
the sale of a university concession in 2012)
The group’s EBITDA margin was 20.2%, slightly lower than same period last
year (20.6%), primarily attributed to a lesser weight and margin of the
Energy division.
Regarding the EBITDA breakdown by division, the main contributor was
Energy (85.0%), followed by Infrastructure (9.7%) and Water (2.7%). The
rest of the divisions contributed with 2.6%.
% EBITDA Jan-Mar 12 Jan-Mar 13
Energy 87.7% 85.0%
Infrastructures 11.8% 9.7%
Water 2.2% 2.7%
Service -0.5% 0.2%
Other Activities -1.2% 2.4%
Note: EBITDA contributions calculated before consolidation adjustments.
Net ordinary capital expenditure during the period amounted to €99 million,
including €32 million invested in the organic growth of ACCIONA Energy and
€64 million corresponding to the Infrastructure division (concessions
mainly).
The group’s balance sheet as of 31st
March 2013 shows the same financial
gearing ratio as in December 2012, remaining at 136%. The increase of the
Net Financial Debt as of March 2013 (€7,549 million) vs. December 2012
(€7,482 million) was mainly due to Q1 2013 capex, to the financing of
working capital requirements and to the payment of the interim dividend.
7. Q1 2013 Results (January – March)
7
2. CONSOLIDATED INCOME STATEMENT
(Million Euro) Chg.(%)
Amount % Revenues Amount % Revenues
Revenues 1,591 100.0% 1,621 100.0% 1.9
Other revenues 87 5.5% 63 3.9% -28.1
Changes in inventories of finished goods and work in progress 5 0.3% 4 0.3% -6.2
Total Production Value 1,683 105.8% 1,688 104.1% 0.3
Cost of goods sold -305 -19.2% -348 -21.4% 13.8
Personnel expenses -316 -19.9% -335 -20.7% 6.0
Other expenses -733 -46.1% -679 -41.9% -7.5
EBITDA 328 20.6% 327 20.2% -0.5
Depreciation and amortisation -172 -10.8% -189 -11.7% 9.7
Provisions -3 -0.2% 3 0.2% n.m.
Impairment of assets value -3 -0.2% 0 0.0% n.m.
Results on non current assets 2 0.1% 0 0.0% -85.2
Other gains or losses 1 0.0% 0 0.0% -56.8
EBIT 153 9.6% 142 8.7% -7.5
Financial revenues 13 0.8% 8 0.5% -39.8
Financial expenses -125 -7.9% -121 -7.4% -3.4
Exchange differences (net) 0 0.0% 9 0.5% 4782.2
Var. provisions financial investments 0 0.0% 0 0.0% 61.1
Income from associated companies 0 0.0% 0 0.0% 208.2
Variation in fair value of financial instruments -2 -0.1% 3 0.2% n.m.
EBT 40 2.5% 41 2.5% 1.5
Income tax -11 -0.7% -11 -0.7% -1.8
Profit from Continuing Activities 29 1.8% 30 1.8% 2.7
Minority interest 0 0.0% 4 0.3% n.m.
Attributable Net Profit 29 1.8% 34 2.1% 18.0
Jan-Mar 12 Jan-Mar 13
8. Q1 2013 Results (January – March)
8
Revenues
Consolidated revenues increased by 1.9% to €1,621 million, mainly due to:
The positive performance of ACCIONA Energy (+21.9%) due to higher
wind and hydro load factors in Spain and the contribution during the
period of the 263MW installed in the last twelve months.
The revenue growth of the Water division (+50.8%), boosted by the
good performance in designing and construction activities as well as in
operation and maintenance.
The revenue reduction of the Infrastructure division (-16.9%) due to the
decrease of the construction business in Spain and the disposal of one
concession in 2012.
EBITDA
Q1 2013 EBITDA amounted to €327 million remaining almost flat vs. Q1
2012.
The decline of the Energy division (negative impact of the regulatory
changes) and of the Infrastructure division were mainly offset by the
positive evolution of the Other Activities division (mainly Trasmediterranea
and Bestinver)
The EBITDA margin in Q1 2013 amounted to 20.2% in line with Q1 2012.
EBIT
EBIT decreased by 7.5% amounting to €142 million.
EBT
Ordinary EBT amounted to €41 million which means an increase of 1.5%
with reference to Q1 2012, mainly due to the effect of exchange rate
differences and changes in the fair value of financial instruments.
Attributable Net Profit
Attributable net profit amounted to €34 million, 18.0% higher than in Q1
2012.
10. Q1 2013 Results (January – March)
10
3.1. Energy
(Million Euro) Jan-Mar 12 Jan-Mar 13 Chg. (%)
Generation 484 563 16.3%
Industrial, development and others 19 50 164.6%
Revenues 503 613 21.9%
Generation 326 322 -1.2%
Industrial, development and others -37 -44 18.3%
EBITDA 289 278 -3.7%
Margin (%) 57.4% 45.3%
Adj. Gen. Margin
1
(%) 78.7% 70.3%
EBT 55 40 -26.1%
Margin (%) 10.8% 6.6%
* The generation figure published includes electric generation revenues from the different technologies and from
services provided and others.
1
Generation margin which excludes the energy commercialization activity.
ACCIONA Energy revenues increased 21.9% reaching €613 million.
It is to be highlighted the positive performance of generation revenues
which increased by 16.3% due to the new capacity installed in the last
twelve months (263MW) and higher wind and hydraulic load factors in
Spain. These factors compensated the lower international wind production,
the lower solar production, and the negative impact of the Royal Decree
Law 2/2013 which translated in a 13.2% lower net average wind electricity
price in Spain vs Q1 2012.
The regulatory changes that have had a negative impact on Q1 2013 results
are the following:
Law 15/2012:
− 7% generation revenues tax
− 22% hydro levy (643MW of ACCIONA’s capacity entitled to 90%
rebate)
− Solar thermoelectric: electricity output attributable to natural gas
usage not entitled to a premium.
RD-L 2/2013:
− Elimination of the “pool+incentive” option
− Revision of the tariff update formula
The division’s EBITDA margin decreased 12 percentage points to 45.3% vs
57.4% in Q1 2012. This significant drop was due to the mentioned negative
impact of regulatory changes, which were only partially compensated by a
strong growth both in wind production in Spain (+26.4%), as well as
hydraulic production (+72.6%)
EBT amounted to €40 million 26.1% lower vs. same period last year.
11. Q1 2013 Results (January – March)
11
During Q1 2013 ACCIONA Energy installed 39MW of new wind capacity
(15MW in Spain and 24MW in Poland)
EBITDA from the industrial activity, development and others is shown in the
table below:
(Million Euro) Jan-Mar 12 Jan-Mar 13 Chg. (€m)
Biofuels & others -2 -3 -0
Windpower -10 -17 -8
Development and construction -12 -13 -1
Consolidation adj. & other -13 -11 2
Total EBITDA Ind., development &
others
-37 -44 -7
Breakdown of Installed Capacity and Production by Technology
(MW installed) Total Attributable (GWh produced) Total Attributable
Wind Spain 4,728 4,058 Wind Spain 3,501 2,958
Wind International 2,407 2,209 Wind International 1,930 1,754
USA 628 553 USA 474 404
Mexico 557 557 Mexico 616 616
Australia 305 272 Australia 241 219
Canada 181 103 Canada 178 102
Germany 150 150 Germany 68 68
Italy 156 156 Italy 87 87
Portugal 120 120 Portugal 99 99
India 86 86 India 36 36
Korea 62 62 Korea 61 61
Greece 48 48 Greece 38 38
Poland 62 62 Poland 17 17
Croatia 30 30 Croatia 0 0
Hungary 24 11 Hungary 16 8
Total Wind 7,135 6,267 Total Wind 5,431 4,712
Hydro special regime 232 232 Hydro special regime 215 215
Conventional Hydro 680 680 Conventional Hydro 322 322
Biomass 57 57 Biomass 111 111
Solar PV 49 33 Solar PV 16 11
Solar Thermoelectric 314 314 Solar Thermoelectric 69 69
Cogeneration 9 9 Cogeneration 7 7
Total other technologies 1,341 1,325 Total other technologies 741 735
Total Energy 8,476 7,592 Total Energy 6,172 5,447
Total Spain 5,959 5,288 Total Spain 4,206 3,662
Total International 2,517 2,303 Total International 1,966 1,785
31-Mar-1331-Mar-13
12. Q1 2013 Results (January – March)
12
3.2. Infrastructure
(Million Euro) Jan-Mar 12 Jan-Mar 13 Chg. (%)
Construction & Engineering 742 613 -17.3%
Concessions 27 26 -5.2%
Revenues 769 639 -16.9%
Construction & Engineering 26 22 -15.6%
Concessions 13 10 -24.0%
EBITDA 39 32 -18.5%
Margin (%) 5.1% 5.0%
EBT 19 15 -23.5%
Margin (%) 2.5% 2.3%
Revenues amounted to €639 million, a 16.9% lower than in March 2012
mainly due to a decrease in the construction businesses in Spain. EBITDA
amounted to €32 million with a margin of 5.0%.
The concession business reduces its EBITDA by 24.0% to €10 million due
to, among other factors, the sale of the concession of University Of San Luis
De Potosi in Mexico in the third quarter of 2012. Such concession generated
an EBITDA of €1.6 million during Q1 2012.
EBT was €15 million, 23.5% lower than in Q1 2012, with a margin of 2.3%.
As of 31st
March 2013 the construction backlog amounted to €7,047 million,
1.0% higher vs. March 2012. The international backlog reached an overall
weight of 55% out of the total backlog vs. 48% twelve months ago.
13. Q1 2013 Results (January – March)
13
Breakdown of Construction Backlog
(Million Euro) 31-Mar-12 31-Mar-13 Chg. (%) Weight (%)
Civil works (Spain) 2,563 2,358 -8% 33%
Civil works (International) 2,754 3,255 18% 46%
Total Civil Works 5,317 5,613 6% 80%
Non Residential (Spain) 695 515 -26% 7%
Non Residential (International) 378 475 26% 7%
Non Residential 1,073 990 -8% 14%
Residential (Spain) 85 50 -41% 1%
Residential (International) 90 60 -33% 1%
Total Residential 175 111 -37% 2%
ANA Development (Spain) 0 0 -2% 0%
ANA Development (International) 15 24 61% 0%
Total ANA Development 15 24 59% 0%
Other* 395 309 -22% 4%
TOTAL 6,975 7,047 1% 100%
Total Spain 3,648 3,189 -13% 45%
Total International 3,328 3,858 16% 55%
* Other includes: Construction auxiliary, Engineering and Other.
As of 31st
March ACCIONA held a portfolio of 23 concessions with a book
value of €1,891 million (€432 million equity and €1,4591
million net debt).
Annex 2 contains the detail on the concessions portfolio as of 31st
March
2013.
1
Debt figure includes net debt from concessions held for sale (€28 million) and
those accounted by equity method (€891 million)
14. Q1 2013 Results (January – March)
14
3.3. Water
(Million Euro) Jan-Mar 12 Jan-Mar 13 Chg. (%)
Revenues 89 133 50.8%
EBITDA 7 9 23.5%
Margin (%) 8.0% 6.5%
EBT 1 3 371.7%
Margin (%) 0.6% 2.0%
The Water division showed a positive performance during Q1 2013
achieving an increase in sales of 50.8%. The EBITDA of Water reached €9
million helped both by the design & construction and the operation &
maintenance activities.
EBT was of €3 million vs. €1 million in March 2012.
Water backlog as of March 2013 reached €11,167 million, a 132% higher
than twelve months ago due to the Operation & Maintenance (O&M)
contract for ATLL.
Breakdown of Water Backlog
(Million Euro) 31-Mar-12 31-Mar-13 Chg. (%)
D&C 711 652 -8%
O&M 4,103 10,515 156%
TOTAL 4,815 11,167 132%
(Million Euro) 31-Mar-12 31-Mar-13 Weight (%)
Spain 3,062 9,461 85%
International 1,753 1,706 15%
TOTAL 4,815 11,167 100%
15. Q1 2013 Results (January – March)
15
3.4. Service
(Million Euro) Jan-Mar 12 Jan-Mar 13 Chg. (%)
Revenues 130 137 5.1%
EBITDA -2 1 n.m.
Margin (%) -1.3% 0.5%
EBT -5 -3 -37.3%
Margin (%) -4.2% -2.5%
ACCIONA Service includes the following: facility services, airport handling
services, logistic services, waste management and other.
The division showed a revenues increase during Q1 2013 of 5.1% to €137
million boosted by the good performance of facility services.
ACCIONA Service registered and EBITDA of €1 million vs. a negative
EBITDA of €2 million in Q1 2012.
16. Q1 2013 Results (January – March)
16
3.5 Other Activities
(Million Euro) Jan-Mar 12 Jan-Mar 13 Chg. (%)
Trasmediterranea 97 85 -12.6%
Real Estate 14 13 -6.3%
Bestinver 19 22 14.6%
Winery 6 5 -14.4%
Corp. & other 0 0 -68.7%
Revenues 136 125 -8.0%
Trasmediterranea -16 -6 -59.5%
Real Estate 1 1 66.1%
Bestinver 13 15 15.5%
Winery 0 0 60.5%
Corp. & other -2 -1 -13.9%
EBITDA -4 8 n.m.
Margin (%) -2.9% 6.2%
EBT -29 -14 -50.0%
Margin (%) -21.2% -11.5%
During Q1 2013 this division which includes Trasmediterranea, real estate,
Bestinver, wineries and others showed revenues of €125 million, an 8%
lower than those in March 2012.
However its EBITDA increased significantly to €8 million (vs. losses of €4
million in the same period last year) mainly boosted by the good
performance of Trasmediterranea.
Trasmediterranea:
Trasmediterranea reduced to less than half the negative EBITDA of Q1 to
-€6.3 (vs. -16€ million in March 2012)
During the period the number of passengers and vehicles increased by
3.0% and 2.3% respectively whereas the lane metres handled decreased by
7.5% vs. the same period last year. The cost of fuel per mile sailed
decreased by 15.6%.
Jan-Mar 12 Jan-Mar 13 Chg. (%)
Passengers served 489,667 504,371 3.0
Cargo handled (lane metres) 1,290,919 1,194,730 -7.5
Vehicles 116,919 119,636 2.3
17. Q1 2013 Results (January – March)
17
Real Estate:
Real Estate revenues amounted to €13 million, a 6.3% lower than in Q1
2012. This is mainly due to the lower number of homes sold.
31-Mar-12 31-Mar-13 Chg. (%)
Housing stock 1,000 957 -4.4
In the last twelve months ACCIONA has handed in 120 homes and initiated
construction of 66 premium homes in Mexico. Mainly as a result of these
two effects, the housing stock was reduced in 43 units in the last year, from
1,000 in March 2012 to 957 in March 2013.
Bestinver:
The fund manager Bestinver reached €6,510 million under management as
of 31st
March 2013, a 16.6% higher than in March 2012.
Bestinver has registered revenues of €22 million (+14.6%) and EBITDA of
€15 million (+15, 5%) vs. Q1 2012.
18. Q1 2013 Results (January – March)
18
4. CONSOLIDATED BALANCE SHEET
(Million Euro)
Amount % Total Amount % Total
Property, Plant & Equipment and Intagible assets 11,285 56.9 11,214 56.6
Financial assets 279 1.4 299 1.5
Goodwill 1,048 5.3 1,049 5.3
Other non-current assets 1,359 6.9 1,378 7.0
NON-CURRENT ASSETS 13,971 70.5 13,940 70.4
Inventories 1,183 6.0 1,202 6.1
Accounts receivable 2,371 12.0 2,469 12.5
Other current assets 300 1.5 361 1.8
Current financial assets 370 1.9 389 2.0
Cash and Cash equivalents 1,196 6.0 1,184 6.0
Assets held for sale 428 2.2 257 1.3
CURRENT ASSETS 5,848 29.5 5,862 29.6
TOTAL ASSETS 19,819 100.0 19,803 100.0
Capital 57 0.3 57 0.3
Reserves 4,987 25.2 5,228 26.4
Profit attributable to equitly holders of the parent 189 1.0 34 0.2
Own Securities -4 0.0 -9 0.0
Interim dividend 0 0.0 -52 -0.3
EQUITY ATTRIBUTABLE TO EQUITY HOLDERS OF THE PARENT 5,230 26.4 5,258 26.6
MINORITY INTERESTS 279 1.4 273 1.4
EQUITY 5,508 27.8 5,531 27.9
Interest-bearing borrowings 6,939 35.0 6,666 33.7
Other non-currrent liabilities 1,932 9.7 1,988 10.0
NON-CURRENT LIABILITIES 8,871 44.8 8,655 43.7
Interest-bearing borrowings 2,109 10.6 2,456 12.4
Trade payables 2,335 11.8 2,335 11.8
Other current liabilities 689 3.5 697 3.5
Liabilities associated to assets held for sale 308 1.6 129 0.7
CURRENT LIABILITIES 5,440 27.5 5,617 28.4
TOTAL LIABILITIES AND EQUITY 19,819 100.0 19,803 100.0
31-Dec-12 31-Mar-13
19. Q1 2013 Results (January – March)
19
Attributable Equity
ACCIONA’s attributable equity as of 31st
March 2012 amounted to €5,258
million, remaining almost flat with regards to December 2012.
Net Financial Debt
The net financial debt has increased from €7,482 million as of 31st
December 2012 to €7,549 million as of 31st
March 2013. Such increase is
mainly due to Q1 2013 capex, to the financing of working capital
requirements and to the payment of the interim dividend.
(Million Euro)
Amount % Total Amount % Total
Cash + Cash equivalents 1,566 n.m. 1,573 n.m. 0.4
Interest-bearing borrowings without recourse 6,086 67.3 6,102 66.9 0.3
Interest-bearing borrowings with recourse 2,961 32.7 3,020 33.1 2.0
Total interest-bearing debt 9,048 100.0 9,122 100.0 0.8
Net financial debt 7,482 7,549 0.9
31-Mar-13
Chg. (%)
31-Dec-12
* Financial debt includes obligations and bonds.
Gearing during the last quarters developed as follows:
(Million Euro) 31-Mar-12 30-Jun-12 30-Sep-12 31-Dic-12 31-Mar-13
Net Debt 7,281 7,460 7,689 7,482 7,549
Gearing (Net Debt / Equity) (%) 130% 137% 141% 136% 136%
Capital Expenditure
Net ordinary capital expenditure in ACCIONA’s divisions amounted €99
million in the period, 24.4% less vs. Q1 2012. It is to be highlighted that
ACCIONA Infrastructure incurred in a capital expenditure of €64 million,
mainly in the concessions business while ACCIONA Energy invested €32
million, 50.3% less than in Q1 2012.
The table below shows the capital expenditure breakdown by division:
(Million Euro) Investments Investments
Jan-Mar 12 Jan-Mar 13
Energy 64 32
Infrastructures 71 64
Water 2 4
Service 1 1
Other Activities -6 -1
Ordinary Net Capex 132 99
20. Q1 2013 Results (January – March)
20
5. ANNEX 1: MATERIAL INFORMATION, DIVIDEND
AND SHARE DATA
5.1. Significant Communications to the Stock Market
3rd
of January 2013: ACCIONA informs on the administrative
appeal filed in connection with the ATLL contract
- ACCIONA has become aware of the ruling issued on January 2nd
,
2013 by the Catalonian Contractual Administrative Agency by virtue
of which it partially estimates the special appeal filed by Sociedad
General de Aguas de Barcelona (AGBAR) against the decision of the
Department of Territory and Sustainability of the Generalitat de
Catalunya awarding the Ter-Llobregat water supply network public
contract for 50 years, for the construction, improvement and
maintenance of the Ter-LLobregat water supply network installations,
including treatment, storage and water transportation.
- Said contract had been awarded on November 6th
, 2012 to the
consortium “ATLL Concesionaria de la Generalitat de Catalunya SA”
(led by ACCIONA Agua (39%) together with other shareholders such
as the Brazilian investment bank BTG Pactual (39%) and other
minority companies representing individual investors). The signing of
the contract between the consortium and the Generalitat de
Catalunya took place last December 27ty, 2012, when €298,561,830
were paid out as first payment of the concession cannon.
10th
of January 2013: Interim dividend
- On the 10th
January 2013, the Board of Directors of ACCIONA
approved the distribution of an interim dividend of €0.90 per share
against the results of the fiscal year 2012 that should be approved in
the next Annual General Shareholders meeting. The total amount
paid as interim dividend amounted to €51,533,595 and its payment
was carried out on 21st
January 2013.
17th
of January of 2013: Euro Commercial Paper Program
- ACCIONA has formalized a Euro Commercial Paper Program for a
maximum amount of €500 m that has been registered on the Iris
Stock Exchange. By means of this program the company will be able
to issue Euromarket debt instruments due between 7 and 364 days,
allowing a possible diversification on alternatives ways of financing
Capital Markets.
21. Q1 2013 Results (January – March)
21
28th
of February 2013: Formulation of Annual Accounts and
Management Report and 2012 dividend proposal
- On 28th
February 2013, the Board of Directors of ACCIONA resolved
to formulate the Annual Accounts and Management Report (Individual
and Consolidated of the Group it dominates) of 2012, and to propose
to the Annual General Shareholders Meeting the allocation of 2012
profits. The Board proposes to allocate €151,737,807 to dividends of
which €51,533,595 were paid on 21st
of January 2013.
28rd
of February 2013: ACCIONA’s Corporate Governance report
- On the 28th
of February 2013, the company submitted to the CNMV
the Annual Report of Corporate Governance 2012.
27th
of March 2013: ACCIONA informs on the interim
measures filed within the appeal proceedings instituted in
connection with the ATLL contract
– The Catalonia Superior Court of Justice has rejected the interim
measures filed by Sociedad General de Aguas de Barcelona S.A.
within the administrative appeal proceedings number 13/2013,
against the formalization of the contract for the management
and public service of the ATLL water supply network, therefore
maintaining the validity and full force and effect of the contract
– Additionally, The Catalonia Superior Court of Justice, has
rejected the interim measures filed by ACCIONA Agua, S.A,
within the administrative appeal proceedings number 28/2013
against the ruling of the Catalan Contractual Administrative Agency
(OARCC) on 2 January, 2013. Therefore the Catalonia Superior Court
of Justice has rejected the suspension of the eventual execution
of the OARCC resolution that, in any case, ACCIONA does not
understand as directly executive. ACCIONA Agua, S.A will
appeal that decision at the Supreme Court.
– These decisions taken by The Catalonia Superior Court of
Justice on the interim measures ruling do not prejudge the
merits of the matter.
– As a consequence, Atll Concessionaria de la Generalitat de
Catalunya, S.A., company 39% participated by Acciona Group,
will continue to provide the services related to the Ter-
Llobregat water supply contract
22. Q1 2013 Results (January – March)
22
After the 31st
of March 2013, ACCIONA has released the following Material
Information:
24rd
of April 2013: Official announcement of the Annual General
Meeting
- On the 24th
of April of 2013, the company informed to the CNMV
(Spanish Stock Market Regulator), of the Annual General Meeting
announcement for the 5th
of May 2013 for its first call, or the 6th
of
May 2013 for its second one and submitted the proposal of
agreements.
23. Q1 2013 Results (January – March)
23
5.2. Dividend
On the 28rd
of February 2013 the Board of Directors of ACCIONA resolved
the distribution of €2.65 gross per share against results of 2012 fiscal year.
The total payment of this dividend amounts to €151.74 million.
Out of such amount, €0.9 per share were paid last 21st
of January 2013 as
interim dividend, being pending the payment of a complementary dividend
of €1.75 per share, which must be approved in the forthcoming AGM of
ACCIONA to be celebrated on 6th
of June 2013.
5.3. Share Data and Share Price Performance
ACCIONA Share Price Evolution (€/share)
Key Share Data
31-Mar-13
Price at 31
st
March 2013 (€/share) 42.53
Price at 1
st
January 2013 (€/share) 56.21
Low in Q1 13 (29/03/2013) 42.53
High in Q1 13 (10/01/2013) 64.76
Average daily trading (shares) 271,917
Average daily trading (€) 4,717,440
Number of shares 57,259,550
Market capitalisation 31
st
March 2013 (€ million) 2,435
Share Capital Information
As of the 31st
of March 2013 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 2013 amounted to
194,795 shares which represent a 0.34% of the share capital.
24. Q1 2013 Results (January – March)
24
6. ANNEX 2: CONCESSIONS
6.1. Detail of the concessions portfolio as of 31st
of March 2013
Chinook roads (SEST)
Pay for availibility road integrated in the Calgary ring motorway
(25km)
2010 - 2043 Canada 50% Construction Proportional integration Financial asset
Autovia de los Viñedos
Construction, operation and maintenance of road CM-42 between
Consuegra & Tomelloso (74.5km). Shadow toll
2003 - 2033 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 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 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 Brazil 100%
Construction &
Operational
Global integration Intangible asset
A2 - Section 2
Remodeling, restoration, operation and maintenance of a 76.5km
strech of an existing toll between km 62 and km 139 between Radial
2 and the border of province of Soria. Shadow toll
2007 - 2026 Spain 100%
Construction &
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 Spain 50% Operational Proportional integration Intangible asset
Windsor Essex Parkway
Design, construction and operation of 11km highway connecting
Windsor (Ontario - Canada) and U.S. Border (Detroit - Michigan)
2010 - 2044 Canada 33% Construction Equity method Financial asset
Nouvelle Autoroute 30
Construction and operation of toll road-Highway 30 in Montreal,
between Châteauguay and Vaudreuil-Dorion (74km). Explicit toll
2008 - 2043 Canada 50% 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 Spain 23% Construction Equity method Financial asset
Autovía del Almanzora
Construction and operation of the 41km road in Almería connecting
Purchena and the Autovía del Mediterráneo (A-7). Availiability
payment
2012 - 2044 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 Spain 25% Construction Equity method Financial asset
Tramvia Metropolita
The first of two streetcar lines bulit in the Barcelona metro area.
15.8km long with one main lines an two branches
2000 - 2029 Spain 12% Operational Equity method Both methods
Tramvia Metropolita del
Besos
The 14km Tramvia Besos is the second of the two streetcar lines built
in Barcelona
2003 - 2030 Spain 13% Operational Equity method Both methods
Consorcio Traza
(Tranvía Zaragoza)
Construction & operation of the streetcar that crosses the city
(12.80km)
2009 - 2044 Spain 17%
Construction &
Operational
Equity method Both methods
Canal Canal de Navarra
Construction & operation of the 1st
phase of the Canal de Navarra
irrigation area
2006 - 2036 Spain 35% Operational Proportional integration 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 Spain 50% Operational Proportional integration N/A
Fort St John DBFOM for a new 55-bed hospital (plus 123 nursing home patients) 2009 - 2042 Canada 50% Construction Proportional integration 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 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 Spain 95% Operational Global integration Financial asset
ISL Health Victoria (Royal
Jubilee Hospital)
Design, construction, equipment and O&M of the hospital. Area of
37,000m2
(500 beds)
2008 - 2040 Canada 40% Operational Equity method Financial asset
Gran Hospital Can Misses
(Ibiza)
DBFOM of the hospital with an area of 72,000m2
& a health center
(241 beds)
2010 - 2045 Spain 40% Construction 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 - 2033 Spain 39% Construction Equity method Financial asset
StatusCountry ACCIONA Asset typeAccounting method
RailHospitalRoad
PeriodDescriptionName
25. Q1 2013 Results (January – March)
25
7. ANNEX 3: SUSTAINABILITY
7.1. Sustainability indexes
The results of the 2012 annual review confirm that ACCIONA is
a component of the Dow Jones Sustainability Indexes (DJSI
World and DJSI Europe) for the sixth consecutive year. These
indexes are composed of those companies deemed most
advanced in terms of economic, social and environmental
sustainability.
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 part of the MSCI World ESG2
Index and the MSCI
Europe ESG Index which include companies with high
environmental, social and governance ratings relative to their
peers in the sector.
ACCIONA has been selected for the STOXX Global ESG Leaders
Index, STOXX Global ESG Environmental Leaders Index and
STOXX Global ESG Governance Leaders Index. It is also
component of the STOXX Sustainability Indices which cover the
European and Eurozone top leaders in terms of sustainability.
ACCIONA has been listed in the Carbon Performance Leadership
Index (CPLI) and the Carbon Disclosure Leadership Index
(CDLI), according to the Iberia 125 Climate Change Report
2012, published by Carbon Disclosure Project. The CDLI & CPLI
include companies that have shown leadership in carbon
disclosure and performance by taking action on climate change.
7.2. Sustainability events during the period:
ACCIONA ranks 29th
(vs. 37th
in 2012), in the "Global 100 Most
Sustainable Corporations in the World 2013" ranking, published by
Corporate Knights.
ACCIONA has been awarded RobecoSAM Bronze Class 2013 in the
Sustainability Yearbook 2013 published by RobecoSAM, the investment
specialist focused on Sustainability Investing. These distinctions are
given to companies with best sustainability practices at sector level.
ACCIONA ranks among the "SMI-Wizness Social Media
Sustainability Index" Top 25 companies. The index, compiled by
the consultancy SMI-Wizness, comprises the companies with best
practices in social media communication.
2
ESG stands for Environmental, Social, and Governance.
26. Q1 2013 Results (January – March)
26
In March, ACCIONA Microenergy Peru and the Inter-American
Development Bank signed a Technical Cooperation and Loan
Agreement. As a result of this agreement 1,700 households in Peru's
Cajamarca region will for the first time have access to electricity in
2013 using domestic PV solar units within Luz en Casa ("Light at
Home") program.
ACCIONA Chairman & CEO José Manuel Entrecanales has been invited
by the UN Secretary General Mr. Ban Ki-moon to become a member of
the Advisory Board of the United Nations “Sustainable Energy for
All” initiative, which aims to achieve universal access to electricity and
make renewables-based energy 30% of the global energy mix by 2030.
After the 31st of March 2013, ACCIONA highlights the following milestones:
For the second consecutive year, ACCIONA will submit the
Sustainability Report to the approval of the General Meeting of
Shareholders (item 8 on the agenda included in the 2013 AGM notice
for call).