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August

Results for First Half 2006

August 30, 2006

  • The Operating Result was 120.9 million euro, a 31.7 percent increase.
  • The Operating Result of its Industrial Engineering and Construction Business Unit increased 54.2 percent on the previous year.

Seville, August 30th, 2006.- Abengoa’s consolidated sales in the first half of 2006 were 1,089.9 million euro, which is a 20.7 percent increase on the previous year’s figure. All of Abengoa’s Business Units achieved an increase in sales during the first six months of this financial year.

The Bioenergy Business Unit’s sales were 214.5 million euro as against the 187.3 million euro achieved the previous year. The Environmental Services Business Unit’s sales were 218.0 million euro in the first half of 2006 compared to 178.1 million euro for the same period the previous year. This is a 22.4 percent increase. The Information Technologies Business Unit’s sales were 189.9 million euro compared to 158.3 million euro the previous year. Finally, the Industrial Engineering and Construction Business Unit achieved sales of 467.5 million euro as against 379.1 million euro the previous year, which is a 23.3 percent increase.

The Operating Result (Ebitda) also increased 31.7 percent to 120.9 million euro as against 91.8 million euro the previous year.

Of note is the growth of the Industrial Engineering and Construction Business Unit which reached 56.6 million euro, a 54.2 percent increase on the 36.7 million euro the previous year. Especially noteworthy are the contribution from the construction of high-voltage lines in Brazil, and the results from the line concessions that are already operational.

The earnings before tax were 63.6 million euro which is a 35.5 percent increase on the 46.9 million euro in the first half of 2005.

The earnings attributable to the parent company were 46.3 million euro, which is a 67.4 percent increase on the 27.7 million euro achieved the previous year.

«Abengoa continues to post solid growth across its business units. Increasing demand for biofuels, good momentum in the energy, environment and infrastructure sectors, helped us to deliver double-digit revenue growth in our four business units, along with double-digit expansion of total revenues and earnings», said Amando Sánchez Falcón, Abengoa’s Finance Director.

Abengoa is a technological company that applies innovative solutions for sustainable development in the infrastructures, environment and energy sectors. It is a listed company with treasury stock of 1,760.5 million euro (29/08/2006) and is present in more than seventy countries where it operates with its five business units: Solar, Bioenergy, Environmental Services, Information Technologies, and Industrial Engineering and Construction. (www.abengoa.com).



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