09/24/2019

On the occasion of the fourth anniversary of the adoption of the 2030 Agenda and its 17 SDGs, Elecnor is joining the #aliadosdelosODS campaign to raise awareness of these United Nations Goals, in collaboration with the Spanish Global Compact Network, of which it is a signatory. Based on Elecnor's own commitment to working towards the SDGs, our aim is to contribute by acting as a platform to boost awareness of the Goals to get people working on them.

In 2017, Elecnor joined the UN Global Compact initiative, the world's largest sustainability initiative. Since the adoption of the 2030 Agenda in 2015, in addition to its commitment to advancing the Ten Principles, it has worked to align its corporate management with the SDGs, which helps it to find new business opportunities, improve its relationship with stakeholders and promote innovation.

Accordingly, Elecnor and the Elecnor Foundation have drawn up a series of commitments and good practices in line with their strategies. These include the following:

- The Elecnor Group's Excellence in Safety Project – SDG 3. Good health and well-being

- Celeo initiatives with students from rural schools (Chile) – SDG 4. Quality education

- Audeca's1 waste water purification project – SDG 6. Clean water and sanitation

- The Elecnor Foundation's 'Luces para Aprender' project (Uruguay) – SDG 7. Affordable and clean energy

- The Elecnor Foundation's specialist course in electrical installations – SDG 8. Decent work and economic growth

- The Elecnor Group's Digital Transformation plan – SDG 9. Industry, innovation and infrastructure

- The Elecnor Foundation joining the Board of Patrons of Deusto Cities Labs – SDG 11. Sustainable cities and communities

- The Elecnor Group's climate change strategy – SDG 13. Climate action

- Enerfín's1 bird monitoring plans for wind power projects – SDG 15. Life on land

Rafael Martín de Bustamante Vega, Elecnor CEO, remarked: "At Elecnor, we're conscious of the daily need to work towards achieving the SDGs. As an infrastructure, renewable energy and telecommunications company, we have a strategic role to play in carrying out actions for the common good. Therefore, through both the Group's subsidiaries and the Elecnor Foundation, we have launched various initiatives that encompass the SDGs, both in Spain and the other countries where we operate. Our commitment is firm and we will follow this path to help achieve the goals of the 2030 Agenda".

The #aliadosdelosODS initiative is a communication campaign co-ordinated by the Spanish Global Compact Network. It was launched to coincide with the fourth anniversary of the 2030 Agenda's adoption on 25 September 2015, while the United Nations is holding a major international event to look back on the achievements of these last four years and to launch new initiatives.

Through this type of action, the Spanish Global Compact Network and its member organisations also strive to contribute to the national objective, which was established by the High Commissioner for the 2030 Agenda under the Spanish Presidency, that all citizens be aware of the SDGs by 2020.

Promoting the contribution of companies to sustainable development Four years ago, the 193 member states of the United Nations General Assembly, including Spain, unanimously adopted the 2030 Agenda and its 17 Sustainable Development Goals (SDGs). "Leaving no one behind" is the crux of the agreement. The SDGs propose to end poverty and hunger, reduce inequalities and address urgent issues such as climate change. In order to achieve this ambitious Agenda, it was agreed that everyone needed to participate: governments, companies, civil society and citizens around the world. The agreement draws its strength from its universality and the ambitious nature of its 169 goals. Achieving these goals will demand an unprecedented effort on the part of all areas of society; and companies have a very important role to play in this regard. Achieving SDGs requires combining momentum provided by the public sector, companies, investors and civil society. For the first time, the United Nations has recognised companies as key players in achieving its overarching objectives, stating: "Private business activity, investment and innovation are major drivers of productivity, inclusive economic growth and job creation... We call on all businesses to apply their creativity and innovation to solving sustainable development challenges." The Spanish Global Compact Network The United Nations Global Compact (UN Global Compact) is an international initiative whose mission is to mobilise a global movement of sustainable companies to create the world we want. It draws its strength from its unrivalled capacity to unite companies with other stakeholders working to promote sustainable development: governments, civil society and the United Nations. With more than 12,500 affiliated companies in over 160 countries, this is the largest initiative for corporate social responsibility in the world. It also has a UN mandate to promote the Sustainable Development Goals in the private sector. The United Nations Global Compact has been operating in Spain through the Spanish Network since 2004. It is the local network with the most signatories and is positioned at the top of the various UN Global Compact networks worldwide. It currently has 1,542 associated companies, of which 669 are partners.

09/03/2019

The Spanish infrastructure, renewable energy and telecommunications group Elecnor, has been awarded a project for the construction of a new electricity substation in Antofagasta (Chile) for the SAESA Group. The contract is worth USD 12 million.

The SAESA Group is a Chilean power generation, transmission and distribution company that forms part of Empresas Eléctricas A.G. The scope of the contract won by Elecnor includes a new electricity substation in Antofagasta and the construction and sectioning of the Mejillones-Antofagasta-Esmeralda-La Portada line.

The awarded project will last a total of 28 months, with a completion date set for the 2021 financial year. This contract consolidates Elecnor’s position in Chile, where it has a growing portfolio of projects driven by qualified staff, having successfully faced the challenges of energy development in the country.

Operating in Chile since the 80s, Elecnor has played a crucial role in energy development in the country, generating and transmitting power, developing non-conventional renewable energy (NCRE) and applying energy savings from their facilities.

07/30/2019
Spanish infrastructure, energy and telecommunications group Elecnor has ended the first half of 2019 with consolidated net profit of EUR 37.2 million, which represents an increase of 5% compared to the figure reported in the same period of the previous year. This growth was driven by the strong performance of both of the company's business lines: Infrastructure and Concessions. In this regard, the most notable aspect is the positive trend in the company's operations at its head office in Spain as well as at its permanent offices in other countries, including Elecnor's subsidiaries in overseas markets such as the United States, Brazil, Chile and Australia, among others.

Earnings before interest, tax, depreciation and amortisation (EBITDA) reached EUR 152.6 million, increasing by 6.8% compared to the figure reported in June 2018 (EUR 142.9 million). This significant growth is primarily due to the strong performance of the aforementioned operations.
 
In the first half of 2019, net revenues reached EUR 1.070 billion, 1.1% higher than the figure reported in the same period of the previous year. Elecnor maintains its position as a leader in the domestic market and is continuing its decisive internationalisation process. As such, 54% of the Group's sales originates from overseas sales. 

In this regard, the Group's results in international markets were driven by growth in Italy and the United Kingdom, greater presence in Africa, strong performance of subsidiaries in the United States, and the construction of two railway tunnels in Norway and wind farms in Panama, Jordan and Mauritania.

Increasing order intake and a significant backlog 

With regard to order intake, the Infrastructure and Concessions business lines performed strongly during the first half of the year. In terms of Infrastructure, Elecnor maintains its position as a leader in the domestic services market for major electricity and telecommunications operators. The Group has intensified its activity in the electricity sector. Elecnor has been awarded the construction of several wind farms: one 50-MW facility in the municipality of Cofrentes (in the Valencia region), which is the first wind farm to be built in the region in the last eight years; and six in Zaragoza (with a combined capacity of 231 MW) developed by Forestalia. 

In terms of the Concessions line of business, the first half of the year was marked by the strong performance of Celeo Redes' subsidiaries in Brazil and Chile. The Group has commenced the construction of six solar power plants in the state of Piauí (Brazil) and is constructing new power transmission projects in Chile. 

Meanwhile, Elecnor's wind power subsidiary, Enerfín, signed 20-year power purchase agreements in Brazil for two new wind farms in the state of Río Grande do Norte, which has enabled it to commence construction of its first wind farm projects in that region of the country. Given the Group's continued activity in Australia, Enerfín has also initiated a 73-MW wind farm project in Woolsthorpe, Victoria. 

Meanwhile, the backlog, whose implementation is expected to occur within the next 12 months, reached EUR 2,237 million (vs. EUR 2,229 million as of 31 December 2018), 78% of which originated from outside of Spain and the remaining 22% from the domestic market. 

The figures reported and the backlog enable us to maintain our objectives of increasing sales and profit in the full year 2019 compared to the previous year.