Madrid, 31 July 2013. Elecnor closed the first half of 2013 with consolidated sales of 939.6 million euros, representing an increase of 10.6% over the same period in 2012. This development was possible thanks to growth of 90.6% in external markets, which compensated for the fall of 29.4% in the internal market. Consequently, external sales (538.4 million euros) overtook those for the internal market (401.2 million euros) and now represent 57.3% of the total.
This steep rise in international business comes as a result of four main factors:
In terms of results, EBITDA grew by 3.5% to reach a total of 103.9 million euros. Meanwhile, consolidated net profits reached 48.5 million euros, 8.1% less than during the first half of 2012. These changes are the result of four main events:
In contrast, the continuation of the policy of containing and controlling general expenses applied in recent financial years has helped alleviate the impact of the aforementioned events.
The portfolio of contracts pending execution has shown positive development during the first half of 2013, with overall growth of 15.4% in comparison with the same period for 2012, resulting in a total of nearly 2.1 billion euros as of 30 June. The external markets also saw the greatest amount of activity in this area, with the portfolio growing by 54.2% to reach 1.57 billion, or 75.2% of the total portfolio.
In light of these six-month figures, Elecnor anticipates that the 2013 financial year as a whole will see turnover and results that are similar to those for 2012. This forecast is subject to the effects of the regulatory framework for the electrical sector that was approved by the Government on 12 June. It will therefore be necessary to analyse the implementation of this framework in order to calculate the effects it will have on accounts for the 2013 financial year.
Elecnor is one of the leading corporations in project development, construction and operation through two major mutually-enriching business areas: Infrastructure and Concessions.
Infrastructure, renewable energy and new technologies are the main areas of activity in which the Infrastructure and Concessions businesses are involved.