Abertis posts a 42% earnings increase supported by extraordinary results
Date
February 21, 2013
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Highlights:- The percentage of revenue and EBITDA generated outside Spain continues to increase and it is estimated to exceed 60% at the end of 2013. The Group's results in the year reflect the impact of the integration of the toll road assets of arteris, acquired from OHL in Brazil, with accounting effect from 1 December 2012
- 2012 results include the capital gains from the sales of Eutelsat. The Group's total net profit for year amounted to €1,024Mn (+42%). Stripping out extraordinary results, recurrent net profit stood at €613Mn (+2%).
- The decrease in traffic on toll roads in France (-2.9%) and Spain (-10.4%) was partially offset by the strong traffic performance in the Americas (+4.5%) and the results of the efficiency plan. In Brazil, traffic on the network managed by arteris grew by 5.3%
- Revenues: €4,039Mn (+3%).
- Recurrent EBITDA: €2,504Mn (+2%).
- Recurrent total net profit: €613Mn (+2%).
- Total net profit: €1,024Mn (+42%)
- Net debt: €14,130Mn (+1.8%).
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