Elecnor reported its FY15 results showing limited progress yoy. Main facts: Sales reached €1,881m in 2015, up 9.1%, with international markets accounting for 55% and Spain for 45%. The backlog stood a €2.5bn, up 3.5% yoy, with international orders accounting for 84%. EBITDA was mostly flat yoy at €224m (vs €229m in 2015) while operating profit was 7.8% lower, which may be due to start-up costs in coutries where the company has begun operating, such as North America, and ne
11 Mar 2016
Mixed results and focus on deleveraging
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Mixed results and focus on deleveraging
Elecnor S.A. (0K97:LON) | 0 0 2.0% | Mkt Cap: 1,131m
- Published:
11 Mar 2016 -
Author:
Lionel Pellicer -
Pages:
3
Elecnor reported its FY15 results showing limited progress yoy. Main facts: Sales reached €1,881m in 2015, up 9.1%, with international markets accounting for 55% and Spain for 45%. The backlog stood a €2.5bn, up 3.5% yoy, with international orders accounting for 84%. EBITDA was mostly flat yoy at €224m (vs €229m in 2015) while operating profit was 7.8% lower, which may be due to start-up costs in coutries where the company has begun operating, such as North America, and ne