ACCIONA Posts Q1 Results

ACCIONA earns net profit of €73 million in first quarter (+19.2%)

Official Press Release ACCIONA:

ACCIONA earns net profit of €73 million in first quarter (+19.2%)

Wind Industry Profile of
ACCIONA earns net profit of €73 million in first quarter (+19.2%)

Sales reached €1.71 billion (+1.7%), with higher contributions from Energy (+5%) and Infrastructure (+4.2%) / Capital expenditures grew to €270 million (+88.9%)

ACCIONA’s net profit grew to €73 million (+19.2%) in the first quarter of 2019. The growth reflects an increase in sales, which totaled €1.71 billion (+1.7%), with a good performance from the Energy (+5%) and Infrastructure (+4.2%) businesses and active financial management of the Group. EBITDA reached €292 million (-8.8%), fundamentally as a result of a change in perimeter of the Group. ACCIONA completed a divestment plan last year that included the sale of the company’s CSP plants in Spain, Trasmediterránea and the Rodovia do Aço highway in Brazil - assets that were... ... More: Official Press Release ACCIONA

ACCIONA, quarter, results, sales, energy, infrastructure, turnover, wind, solar, water, division

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