Abertis improved all its key indicators in 2016 above the company’s expectations: EBITDA rose to €3,240Mn (+20%) and revenue to €4,936Mn (+13%), thanks to the traffic growth and the incorporation of new assets into the consolidation scope. Net profit totalled €796Mn, up 13% in like-for-like terms.
Abertis’ French subsidiary, Sanef, has reached an agreement with the French government to implement a new €147 million investment programme to modernise its network. It exchange, it has secured anual tariff hikes from 2019 to 2021.
Earlier this week, OHL sold 4.425% of Abertis (43.83 million shares) at 13,65 euros/share via placement with institutional investors. With this operation OHL will reduce its debt and also free itself up from its previous strategic commitment to Abertis in Brazil, which prevented it from expanding in a country which will have privatisations in the coming quarters.
Abertis’ key figures improved in the first half of 2016, with growth in net profit (+9% like-for-like) to €510Mn , EBITDA (+7% like-for-like) to €1,502Mn and revenue (+5%) to a total of €2,243Mn, in a period featuring a resilient recurring business, traffic increases and the addition of new assets to the consolidation scope following the acquisition of 50% of Autopista Central in Chile.
BARCELONA| By Julia Pastor| In present Spain’s context of timid recovery, any positive sign in any sector is more than welcome. Abertis, the world’s largest toll road operator running more than 7,300 km, announced the country’s 2014 road traffic figures increased for the first time since 2008. The firm also forecasts a global spending of more than €1.3 bn in the current year. Yet Abertis partly reflects the Spain of bankrupcies and bail-outs. The company is major stakeholder of some recently collapsed motorways expected to be saved by the authorities.
MADRID | The sale includes Belfast International and Stockholm Skavsta airports, as well as the Orlando Sanford airport terminal concessions and TBI’s airport management business in the US.
Afi analysts issued today a simple but compelling chart showing Brazil is the main target of the more than €100-billion total exposure by Spain’s large companies in Latin America.
MADRID | Abertis said on Monday it had agreed to sell 7% of Eutelsat to China Investment Corporation (CIC) for €385.2 million. The transaction, which generated net capital gains of €237 million, follows Abertis’ January sale of 16% of Eutelsat in a private placement among qualified investors. Abertis will remain a Eutelsat shareholder, with a stake of 8.35%. In compliance with the terms agreed by Abertis in the recent placement of a 16% stake in…
By Julia Pastor, in Madrid | In spite of the many difficulties that Spanish construction companies find in the UK, these firms remain undeterred and keep on defending their assets in Great Britain, as well as fighting to obtain new contracts in the country. This is the case of Abertis Infraestructuras, which will bring to court Luton Borough Council in a €360-million compensation claim if the local authority forced it to…