Contact for press

You can contact us by:

Marián Ariza Communication Department.

Media Kit

Follow us on:

Keep up-to-date on the latest at the Abengoa website:

May

Results for First Quarter 2008

May 14, 2008

Abengoa’s earnings after tax increased 54.7 percent in the first quarter

  • The Gross Cash Flows from Operating Activities figure is 182.8 million euro, which is a 138.8 percent increase on the previous year’s figure
  • The consolidated Sales in this period were 876.2 million euro, a 28.4 percent increase

Seville, May 14th, 2008.- Today, Abengoa released its results for the first quarter of 2008 financial year in which its consolidated sales were 876.2 million euro, which is a 28.4 percent increase on the previous year. All of Abengoa’s Business Units increased their sales in this period.

"The results for the first quarter 2008 once again demonstrate the capacity of our organisation to maintain highly significant growth" said Amando Sánchez Falcón, Abengoa’s Chief Financial Officer. "Our international network, a fully differentiated position in the different technologies related to sustainable development combined with our solid financial position are the key factors that allow us to make the most of the growing opportunities in sectors such as renewable energies, energy infrastructures and the world of water in order to continue creating value for our shareholders".

20080514_Img1_ing_primer_trimestre

The Solar business unit’s sales were 6.8 million euro compared to 0.6 million euro for the same period the previous year. The Bioenergy business unit’s sales were 217.5 million euro as against 140.8 million euro the previous year, which is a 54.4 percent increase on the last year. The Environmental Services business unit’s sales were 213.5 million euro in the first quarter of 2008 compared to 194.3 million euro for the same period the previous year, with a 9.9 percent increase. The Information Technologies business unit’s sales were 135.7 million euro as against 112.0 million euro the previous year (a 34.1 percent increase). Finally, the Industrial Engineering and Construction business unit’s sales were 394.7 million euro, a 68.2 percent increase on the 234.6 million euro achieved in the same period the previous year. Consolidation adjustments for sales from Engineering projects carried out for the Solar and Bioenergy business units total 91.9 million euro.

20080514_Img2_ing_primer_trimestre

The Gross Cash Flows from Operating Activities 1 figure was 182.8 million euro, which is a 138.8 percent increase on the previous year’s figure of 76.6 million euro, with those by the Environmental Services Business Unit and the Industrial Engineering and Construction Business Unit, with increases of 168.5 percent and 120.7 percent, respectively, being of note. Excluding land divestments by Befesa Desulfuración in Baracaldo, Environmental Services have grown by 16.7% compared to the first quarter last year.

The earnings before tax were 55.9 million euro, which is a 62.8 percent increase on the 34.4 million euro achieved the previous year.

The earnings after tax attributable to the parent company reached 35.0 million euro, which is a 54.7 percent increase on the previous year’s figure of 22.6 million euro.

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 1,995.8 million euro (12/05/2008) 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.



© 2019 Abengoa. All rights reserved