abertis ended 2012 with improvements in all of its main financial

Barcelona, 12-3-2013 — /europawire.eu/ — In 2013 the Group will focus on integrating the new toll road assets acquired in Brazil and Chile, increasing its international presence and further improving the efficient management of its businesses

abertis ended 2012 with improvements in all of its main financials. Particularly noteworthy are the growth in revenues (+3%), recurrent EBITDA (+2%) and recurrent net profit (+2%) during a year in which traffic in France and Spain once again declined.

The Group’s results include with effect from 1 December the impact of the integration of arteris’ toll road concessions, acquired from OHL in Brazil, which means only one month of earnings is consolidated on the Group’s income statement in 2012. Results for 2012 also included the capital gains from the sale of Eutelsat via the placement of a 16% stake through accelerated bookbuilding among qualified investors in January, and the agreement struck with China Investment Corporation (CIC) in June regarding the sale of an additional 7%.

They also included the capital gains from the sale last August of the stake in Brisa, the provision for several cost items arising from adapting the company’s structures to domestic demand and certain adjustments in the valuation of assets at the airports business.
The capital gains from the Eutelsat and Brisa sales boosted the Group’s total net profit in the period to €1,024Mn (+42%). Stripping out these extraordinary contributions, recurrent net profit stood at €613Mn (+2%).

Income statement
abertis’ reported revenues in 2012 topped 4,000Mn euros for the first time in the company’s history, up 3% year-on-year, with the percentage generated outside Spain – mainly in France, Brazil, Chile and the UK – representing 55% of the total.

The toll roads business generated 80% of total revenue, while 12% came from the telecommunications business and 8% from the airports unit. Operating expenses rose 8% to €1,580Mn due to the non-recurring expenses associated with streamlining the company’s structures to domestic demand.
EBITDA totalled €2,459Mn (+0.2%), 52% of which was generated outside Spain. Stripping out the effect of the non-recurring expenses, recurrent EBITDA advanced by 2% to €2,504Mn.

Communication Corporate Department
Tel. +34 93 230 50 94
Tel. +34 91 595 10 54
abertis.comunicacion@abertis.com

Relations with Institutional Investors
and Analysts. Shareholders’ Office
Tel. +34 93 230 50 00
Tel. 902 30 10 15
relaciones.inversores@abertis.com

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