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| Acciona EBITDA jumps 44% to 275 million euros  Spanish contractor Acciona ended 1Q10 with an EBITDA (gross operating profit) of 275 million euros, a 43.9% improvement on the same period of 2009, owing to two main factors: the Group incorporated 2,540 MW in 2009 (comprising 2,078 MW of Endesa renewables assets and 462 MW installed organically), and increased production from Spanish assets offset an 18.4% dip in average wind power prices at home. The main contributor to Group EBITDA was Acciona Energy (75.4%), followed by Acciona Infrastructure (15.9%).At end-1Q10, net profit derived from continuous activities increased by 17.4% reaching 39 million euros. First-quarter revenues came to 1,524 million euros, 9.2% more than the figure for 1Q09, thanks mainly to a strong performance by Acciona Energy (+64.8%), which accounted for 26.4% of Group revenues. The infrastructure arm contributed 51%; Logistics, 10.8% and Urban Services, 10.4%. write your comments about the article :: © 2010 Construction News :: home page |