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| Acciona EBITDA doubles to 2.83 billion euros Spanish building firm Acciona ended 2008 with an EBITDA of 2.83 billion euros, an increase of 100.9% year on year: 62% came from the proportional consolidation of 25.01% of Endesa, and 20.8% was contributed by Acciona Energy. Group EBIT amounted to 1.68 billion euros, 88.6% more than in 2007 after a 122% increase in amortizations and provisions, while attributable net profit fell 51.1%, to 464 million euros. EBT from continuing activities dipped by 30.5% to 746 million euros, due to a combination of a significant increase in financial expenses (arising mainly from the change in the consolidation criterion for Endesa), a provision for the deterioration of assets and reduced contribution from the disposal of non-recurring assets. Consolidated sales rose by 59.3% in 2008, to 12.67 billion euros, Endesa's proportional consolidation and a good performance by Acciona Energy. Excluding the proportional consolidation of Endesa, Acciona group revenue rose by 6.8% to 7.21 billion euros, taking EBITDA to 1.07 billion euros, a year on year increase of 9.3%. write your comments about the article :: © 2009 Construction News :: home page |