Letter from the Chairman

Few people today would deny that climate change is a serious consequence of industrial activity, or question the effects on society of the rapid rate at which resources are being consumed. This has led to growing social awareness of the urgent need to achieve a degree of sustainability that will enable our descendents to enjoy the same resources that we ourselves enjoy today.

Given that the activities involved in energy production, transformation and consumption account for over eighty percent of the greenhouse gas emissions in the world today, in order to combat climate change, the development of clean energies and fuels is key to achieving a reduction in these emissions.

- Felipe Benjumea Llorente -

Read more

Main Figures

Economic - Financial Data (M€ )
Economic - Financial Data (M€ ) 2008 %Var. (08-07) 2007 1998 %CAGR (98-08)
Profit and Loss Account 3114.5 17.3 4 - -
Sales 3314.5 17.3 2655.8 601 17.9
Gross Cash Flows (3) 545.3 39.3 391.5 59.3 24.8
EBITDA(4) 459.3 42.2 322.9 59.3 22.7
Net Profit 140.4 16.6 120.4 19.9 21.6
Balance Sheet          
Total Assets 9794.6 20.6 8110.2 984.6 25.8
Equity 627.5 (21.3) 797.5 184.5 13.0
Net Debt (Cash) ex Project Finance 486.4 - 285.2 (52.9) -
Significant Variables          
Margin (% EBITDA/Sales) 14.7 - 12.2 9.9 -
Return on Equity (ROE)(5) 26.4 - 17.0 10.8 -
Data per Share          
Earning per Share (€) 1.55 16.6 1.33 0,22 21.6
Dividend per Share (€) 0.16 5.9 0.17 0.07 9.9

Read more