abertis’ recurrent net profit up 6% to €536Mn in the first nine months of 2012

Posted on 7, November 2012 by | This entry was posted in Business, Financial, Industrial, Media, Spain, Transportation & Logistics. Bookmark the permalink.

6-11-2012 — /europawire.eu/ — The Group focuses its strategy on internationalisation, debt reduction and strengthening its dividend policy

  • Revenues: €2,992Mn (+1%).
  • Recurrent EBITDA: €1,958Mn (+3%).
  • Recurrent total net profit: €536Mn (+6%).
  • Total net profit: €1,003Mn (+69%)
  • Net debt: €12,512Mn (-10%).

abertis’ Board of Directors has approved payment of an interim dividend against 2012 earnings of €0.33€ per share, which will be settled on 8 November 2012, and is 10% higher that the interim dividend paid in the previous year (15% higher if the scrip issue is also taken into account).

The percentage of revenue and EBITDA generated outside Spain continues to increase, and now exceeds 50%, despite the Group’s results in the period not yet reflecting the impact of the integration of OHL’s toll road concessions in Brazil.

The Group continues to reduce its debt, which stood at €12,512Mn, down 10% from year-end 2011.

The decrease in traffic on toll roads in France (-2.7%) and Spain (-10%) was partially offset by the strong performance of toll roads in the Americas (+5%) and the results of the efficiency plan.

9M12 results include the capital gains from the sales of Eutelsat and Brisa. The Group’s total net profit for the period amounted to €1,003Mn (+69%). Stripping out extraordinary items, recurrent net profit stood at €536Mn (+6%).

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