The Gross Cash Flows from Operating Activities figure is 170.2 million euro, which is a 40.9 percent increase on the previous year

The consolidated Sales in this period were 1,393.6 million euro, a 27.9 percent increase

Seville, September 3rd, 2007.- Today, Abengoa released its results for the first half of 2007 financial year in which its consolidated sales were 1,393.6 million euro, which is a 27.9 percent increase on the previous year. All of Abengoa’s Business Units increased their sales in this financial year.

Abengoa’s Finance Director, Amando Sánchez Falcón, has explained that «the results confirm the correctness of Abengoa’s strategy to focus its growth on the creation of new technologies that contribute to sustainable development, which allow us to grow at rates of more than 20 percent».

The Bioenergy Business Unit’s sales were 264.1 million euro as against 214.5 million euro the previous year, which is a 23.1 percent increase on the last year. The Environmental Services Business Unit’s sales were 370.4 million euro in 2007 compared to 218.0 million euro for the same period the previous year, with a 69.9 percent increase, mainly due to the incorporation of BUS, whose sales over this period amounted to 86 million euro. The Information Technologies Business Unit’s sales were 264.7 million euro as against 189.9 million euro the previous year (a 39.4 percent increase). Finally, the Industrial Engineering and Construction Business Unit’s sales were 486.4 million euro, a 4.1 percent increase on the 467.5 million euro achieved in the same period the previous year.

The Gross Cash Flows from Operating Activities ¹ figure was 170.2 million euro, which is a 40.9 percent increase on the previous year’s figure of 120.9 million euro, with those by the Environmental Services Business Unit and the Industrial Engineering and Construction Business Unit, with increases of 114.0 percent and 26.0 percent, respectively, being of note.

The earnings before tax were 70.7 million euro, which is an 11.3 percent increase on the 63.6 million euro in the first half of 2006

The result after tax attributable to the parent company is 54.9 million euro, an 18.6 percent increase on the previous year’s figure of 46.3 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 half of 2007 (4.9 million euro) and the impact of the financial result derived from the participations in officially listed shares (negative by 1.7 million euro in the first half of 2007 and positive by 5.1 million euro in the first half of 2006) must be isolated. If both effects are eliminated, the result after tax attributable to the parent company would have experienced a 25.6 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 2,837 million euro (30/08/2007) 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. (www.abengoa.com).

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