Tuesday, March 21, 2023

Acciona earns 35.6% more with record infrastructure portfolio

Acciona reported a net profit of EUR 201 million as of June, representing an increase of 35.6% compared to the same period in 2021. A growth that reflects the positive growth of its businesses, particularly energy and infrastructure, is a division that over the past quarter beat its portfolio volume, which is now set at EUR 20,580 million.

The group recorded revenue of 5,177 million euros between January and June, meaning a 45.6% increase in the inter-annual rate. Meanwhile, gross operating results (Ebitda) rose 65.5% from a year ago to 1,064 million euros.

Acciona Energy contributed 111.9% to the business, a 909 million (+81.7%) increase in EBITDA to 2,206 million. Meanwhile, the infrastructure division earned ₹2,648 million (+20.6%) with an EBITDA of ₹149 million (+18.8%), following the disinvestment of a portfolio of assets in Spain by 2021, despite a lower contribution in comparative terms from the concessions business. completed in , Manufacturing practices stand out in this sector with a turnover of ₹2,003 million (+20.6%) and generated EBITDA of ₹84 million (+49.2%). With new contracts in Spain, Chile and Australia, the overall portfolio of infrastructure businesses once again reached a new high of 20,580 million (+13.7% compared to the end of December 2021). The real estate division reported a turnover of €25 million (-34.9%) and Bestinver revenue of €55 million (-11.3%).

In the first half of this year, Acciona made a net investment of 1,217 million, of which 770 million were allocated to energy, 143 million to infrastructure and 82 million to real estate. In addition, the company allocated 139 million to the capital increase made by Nordex in June, increasing its stake from 33.6% to 39.66%.

At the end of the semester, net financial debt stood at 5,041 million compared to 5,792 million a year ago (-13%).


Nation World News Desk
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