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Tue June 18 2024

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Acciona triples profit to €248m

28 Jul 11 Acciona earned a net profit of €248m in the first half of 2011, tripling the €78m reported in the same period of 2010.

Group earnings before interest, taxes, depreciation, and amortisation (EBITDA) amounted to €631m, a 19.4% increase compared with the same period in 2010, and revenues grew 2.3% to €3.084bn.

EBITDA growth was mainly due to the good performance of the energy and infrastructure divisions. Net profit was also boosted by capital gains derived from the sale of Acciona's stakes in two toll road concessions in Chile.

Acciona Infrastructure increased EBITDA by 24.2% to €99m on a 3.3% increase in revenues to 1.574 billion euros, supported by growth in the international construction business. At 30 June, the order book stood at €7.524bn, 9% higher than at the same date in 2010.

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