While negotiations with creditors are still in progress to reach a final restructuring agreement, the company reported Q1 16 results showing a significant slowdown in all activities, coupled with a strong negative impact on the financial results. Main facts In Q1 16,revenues reached €719m and EBITDA €48m corresponding to a 6.7% margin, versus €1,559m and €321m in Q1 15. The net result represents a loss of €340m mainly due to the decrease in activity and the negative i
13 May 2016
Abengoa reported losses in Q1 amid a restructuring process
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Abengoa reported losses in Q1 amid a restructuring process
While negotiations with creditors are still in progress to reach a final restructuring agreement, the company reported Q1 16 results showing a significant slowdown in all activities, coupled with a strong negative impact on the financial results. Main facts In Q1 16,revenues reached €719m and EBITDA €48m corresponding to a 6.7% margin, versus €1,559m and €321m in Q1 15. The net result represents a loss of €340m mainly due to the decrease in activity and the negative i