Key information (January-June 2016): Revenue down by 16.3%, due notably to the deconsolidation of AWP. EBITDA down by 8.4% as a result of a 21.9% decrease in Energy EBITDA. The deconsolidation of AWP (from Q2 16) and the full consolidation of the water concession (from 1 January) had roughly a zero effect on EBITDA as anticipated. EBITDA margin increased by 160bp to 19.0%, also as a result of AWP deconsolidation. Ordinary EBT decreased by 43.2% to €87m as a result of th
12 Aug 2016
H1 results and thorough review of regulation, buy reiterated
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H1 results and thorough review of regulation, buy reiterated
Acciona SA (ANA:WBO) | 0 0 1.1% | Mkt Cap: 3,872m
- Published:
12 Aug 2016 -
Author:
Felix Brunotte -
Pages:
10
Key information (January-June 2016): Revenue down by 16.3%, due notably to the deconsolidation of AWP. EBITDA down by 8.4% as a result of a 21.9% decrease in Energy EBITDA. The deconsolidation of AWP (from Q2 16) and the full consolidation of the water concession (from 1 January) had roughly a zero effect on EBITDA as anticipated. EBITDA margin increased by 160bp to 19.0%, also as a result of AWP deconsolidation. Ordinary EBT decreased by 43.2% to €87m as a result of th