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November

Results for Nine Months 2006

November 16, 2006

Seville, November 16th, 2006.- Abengoa’s consolidated sales in the third quarter of 2006 were 1,787.9 million euro, which is a 28.8 percent increase on the previous year’s figure. All of Abengoa’s Business Units have increased their sales figures over the first nine months of this financial year.

The Bioenergy Business Unit’s sales were 325.2 million euro as against the 287.6 million euro achieved the previous year. The Environmental Services Business Unit’s sales were 364.4 million euro over the first nine months of 2006 compared to 269.3 million euro for the same period the previous financial year. This represents a 35.3 per cent increase. The Information Technologies Business Unit’s sales were 302.0 million euro compared to 245.0 million euro the previous year. Finally, the Industrial Engineering and Construction Business Unit achieved sales of 796.3 million euro as against 586.1 million euro the previous year, which is a 35.8 percent increase.

The Operating Result (Ebitda) also increased 28.4 percent to 196.2 million euro as against 152.7 million euro the previous year.

By Business Unit, Abengoa has increased the contribution to the EBITDA in all its areas. Of note is the growth of the Industrial Engineering and Construction Business Unit which reached 99.2 million euro, a 43.5 percent increase on the 69.1 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.

«Abengoa maintains a solid growth rate in all its business areas. The increase in the demand for biofuels and our consolidated position in the energy, environment and infrastructure sectors are allowing us to continue to grow at rates of almost 30 percent», said Amando Sánchez Falcón, Abengoa' s Finance Director.

The earnings before tax were 94.0 million euro which is a 23.4 percent increase on the 76.2 million euro for the same period in the 2005 financial year.

The earnings attributable to the parent company were 71.8 million euro, which is a 59.6 percent increase on the 45.0 million euro achieved the previous year.

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 2,300.6 million euro (15/11/2006) 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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