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Results for First Quarter 2007

May 14, 2007

Seville, May 15th, 2007.- Today, Abengoa released its results for the first quarter of 2007 financial year in which its consolidated sales were 682.4 million euro, which is a 27.6 percent increase on the previous year. All of Abengoa’s Business Units increased their sales in this financial year.

Abengoa’s Finance Officer, Amando Sanchez Falcon, has explained that «the results confirm the correctness of Abengoa’s decision to put its trust in sustainable development. The increase in the demand for biofuels and the consolidation of the acquisition of BUS allow us to continue to grow at rates of more than 20 percent».

The Bioenergy Business Unit’s sales were 140.8 million euro as against 101.8 million euro the previous year, which is a 38.3 percent increase on the last year. The Environmental Services Business Unit’s sales were 194.3 million euro in 2007 compared to 115.2 million euro for the same period the previous year, with a 68.6 percent increase, mainly due to the incorporation of BUS, whose sales over this period amounted to 43.4 million euro. The Information Technologies Business Unit’s sales were 112.0 million euro as against 91.3 million euro the previous year (a 22.7 percent increase). Finally, the Industrial Engineering and Construction Business Unit’s sales were 234.6 million euro, a 3.7 percent increase on the 226.3 million euro achieved in the same period the previous year.

The Gross Cash Flows from Operating Activities 1 figure was 76.6 million euro, which is a 45.8 percent increase on the previous year’s figure of 52.5 million euro, with those by the Environmental Services Business Unit and the Information Technologies Business Unit, with increases of 125.3 percent and 46.6 percent, respectively, being of note.

The result after tax attributable to the parent company is 22.6 million euro, a 20.2 percent increase on the previous year’s figure of 18.8 million euro.

For the purposes of enabling comparison of homogenous figures, the effect the acquisition of BUS has had on the profit after tax in the first quarter of 2007 (3.4 million euro) and the impact of the financial result derived from the participations in officially listed shares (negative by 2.9 million euro in the first quarter of 2007 and positive by 7.4 million euro in the first quarter of 2006) must be isolated. If both effects are eliminated, the result after tax attributable to the parent company would have experienced a 93.9 percent growth

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 2,611.0 million euro (10/05/2007) 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. (

1Earnings before interest, tax, depreciation and amortization, adjusted by the works flows done for own fixed assets.

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