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abertis share price: 02/10/2012 17:35h. abertis  13.01€ upward arrow 0.50% 0.07€  |  IBEX 35 8,797.10 descendant arrow -1.18% -105.00  
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·  July 29th, 2010 , Barcelona

abertis reports a 5.1% increase in 1H10 net profit to €335mn


  • Revenues: €1,970Mn (+7.7%).
  • EBITDA: €1,177Mn (+6.6%).
  • Cash flow: €772Mn (+11.2%).
  • Net Profit: €335Mn (+5.1%).
  • Investments: €253Mn.

- The Group’s businesses remain strong cash generators: cash flow before investments and dividends increased by 11.2% to €772Mn.

- 50% of revenues and 47% of EBITDA come from outside Spain. 74% of revenues come from the toll road business, while the remaining 26% is split between telecommunications infrastructures (15%), airports (7%), car parks (4%) and logistics parks (1%), whose combined weight in the Group remains unchanged.

- Traffic figures for abertis' toll road network was stable from the year’s first quarter, with ADT of 21,704 (-0.7%).

- Traffic of heavy vehicles on abertis’ network increased (+0.9% yoy in 1H10 and +2.2% yoy in 2Q10) for the first time in the last two years.

- 95% of the Group's total debt is long term (compared to 92% at June 2009), of which 82% is at fixed rates. The average cost of debt is 4.5% (4.6% at June 2009).

- Traffic on Sanef’s toll road network in France rose 1.6%. Stripping out the negative impact of the strike in two days of June (now over), traffic would have increased by 2.4%. Traffic at the rest of abertis’ international concessionaires (Chile, Argentina and Puerto Rico) rose 3.5%, while in Spain it declined by 4.8%, though this was far better than the 9.8% plunge recorded in the first six months of 2009.  

- Toll road revenues in 1H10 amounted to €1,449Mn (+7%).

- abertis telecom sustained its strong pace of growth in the year’s first half, while Saba’s car parks and the airport business of abertis airports also posted growth in revenue.

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