Acciona achieves a profit of 352 million in 2019, up 7%

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The construction and energy group Acciona has obtained a net profit of 352 million euros last year, 7% more, despite not having the result of business sales made the previous year, as reported Thursday to the National Securities Market Commission (CNMV).

Its net profit has a growth of 60.3%, if the result of the corporate operations carried out in 2018 is excluded, when it sold its solar thermal business in Spain and Transmediterranean.

The gross operating result (ebitda) has increased by 9%, to 1,357 million euros. The turnover has fallen by 4.2%, to 7,191 million, due to the reduction of energy revenues by 9.5%, infrastructure (0.5%) and other activities (7.8%), in this case for the sale of Transmediterranean in the second quarter of 2018.

Acciona’s net financial debt at December 31, 2019 was 4,915 million, 582 million more than in December 2018. Acciona’s net investment in the different businesses in 2019 was 1,031 million euros, 42% more than in 2018. Energy invested 509 million in the construction of new capacity, mainly wind.

At the end of the year, the company had 835 megawatts (MW) under construction and additionally contributed 99 million euros to sign the 10% capital increase of the wind turbine manufacturer Nordex. In infrastructure, 372 million were invested, of which 281 million are derived from the impact of the agreement with the client on the Sydney light rail concession. In the Other Activities business area, 52 million were invested, a figure that does not include investments in real estate. .

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