Acciona obtained €186 million in attributable net profit in the first half of 2018 (+132.1% year-on-year) due both to business growth and to the capital gains on the divestment of Concentrated Solar Power (CSP) plants in Spain and of Trasmediterranea. Excluding capital gains (€85 million), ordinary profit amounted to €100 million (+25.6%).
EBITDA increased to €618 million (+6.7%) due to the combined effect of growth in the Energy (+6.7%) and Infrastructure (+8.3%) divisions, the latter boosted by 31.5% growth in Construction EBITDA. Revenues totalled €3.53 billion (+4.1%) in the first half of 2018.
The Energy division saw revenues rise to €1.02 billion (+17.6%) while EBITDA amounted to €392 million (+6.7%). EBITDA in the Spanish business grew (+8.9%) due to higher output in the period (+13%) and despite a slight decline in wholesale prices and the negative impact of the regulatory banding mechanism. EBITDA in international power generation business increased by +4.8% as a result of higher production and better pricing. The addition of 359MW of wind capacity in Mexico (183MW), Australia (132MW), Canada (38MW) and India (6MW) amply offset the impact of divesting the CSP plants (250MW). Consolidated output totalled 9,788 GWh (+12.3%).
