Elecnor SA

ENO

Equity

ISIN ES0129743318 / Valor 3982294

BME Bolsas y Mercados Espanoles - Renta Variable (2025-03-13)

EUR 16.78+1.82%

Elecnor SA
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Elecnor SA is a prominent global corporation specializing in the development and construction of infrastructure projects. As a key entity within the Elecnor Group, the company leverages engineering and technology to deliver infrastructure, energy, and services worldwide, aiming to foster development and well-being in various territories. Elecnor's strategic focus on internationalization has significantly enhanced its global footprint, evidenced by substantial business volumes, an expanding workforce, and a growing portfolio of projects. The company's sustained growth in international markets is attributed to its proactive commercial strategies and the formation of strategic alliances with reputable partners.

Summarized from source with an LLMView SourceSector: Technology

Profit Surge

In the first half of 2024, Elecnor SA reported a significant increase in profit, reaching 848.4 million euros, compared to 47.4 million euros in the same period of the previous year. This substantial growth was primarily driven by the sale of the Enerfin subgroup, highlighting Elecnor's ability to generate value through strategic business developments.

Turnover Decline

Elecnor SA's turnover for the first half of 2024 amounted to 1,729 million euros, reflecting a slight decrease of 1.9% compared to the same period in 2023. Despite this decline, the company maintained a strong performance in its core business areas, excluding the impact of certain provisions and capital gains from non-recurring transactions.

EBITDA Reduction

The company's EBITDA for the first half of 2024 was 60.1 million euros, a significant decrease of 49.2% from the previous year's 118.3 million euros. This reduction was influenced by the exclusion of Enerfin's contributions and adjustments related to specific projects, particularly in Australia.

Enerfin Sale Impact

The sale of Enerfin Sociedad de Energía, S.L.U. to Statkraft European Wind and Solar Holding AS was finalized in May 2024, resulting in a capital gain of 805 million euros. This transaction significantly impacted Elecnor's financial results, contributing to the profit from discontinued operations and underscoring the strategic importance of the sale.

Positive Outlook

Looking ahead, Elecnor SA is poised to benefit from global trends such as energy transition, sustainability, and digitalization. With a robust contract portfolio and market demand for its capabilities, the company anticipates continued leadership and profitability growth, supported by the strategic divestment of Enerfin.

Summarized from source with an LLMView Source

Key figures

-10.7%1Y

53.2%3Y

118%5Y

Performance

44.3%1Y

32.3%3Y

30.5%5Y

Volatility