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·  July 27th, 2006 , Barcelona

abertis reports 1H06 net profit of €234Mn, up 9% (15% like-for-like)

The consolidation of Sanef boosted EBITDA by 74% and revenues by 73%

- Total revenues reached €1,553Mn.

- EBITDA totalled €980Mn.

- Net cash flow increased 56% to €598Mn.

- Earnings for 1H06 (revenues, EBITDA and net profit) beat consensus estimates.

- Traffic on abertis’Spanish highway network grew 5% through June, while total traffic on the Company’s network, including Sanef and GCO, rose 3.1%.

- 48% of abertis’ revenues were generated abroad (compared to 18% in 1H05), while its international operations contributed 43% of EBITDA.

- The strong performance across all of abertis’ businesses offset these higher financial costs, deriving from the increase in debt following the sanef acquisition, and drove up net profit to €234Mn.

- abertis has consolidated 100% of sanef since April (vs. 75.7% in 1Q06), which has significantly affected its main financial figures.

- The proposed merger with autostrade, approved at the companies' respective Extraordinary Shareholders’ Meetings on June 30, has no impact on the first half.

- In the positive perfomance of this first half, of particular note were the significant increase in traffic on the abertis highway network (+5% in Spain; +3.1% total), and the progression of abertis telecom, which increased its operating income by 25% on the back of the launch of DTT in Spain, along with healthy performances by the rest of its businesses and new services.

- abertis logística entered the Portuguese market in July. It will develop a 100 hectare logistics platform in Vila Franca de Xira, some 25 kilometres from Lisbon.

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