Elecnor SA

Latest Results (12.01.2025):

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.