Spain · Delayed Price · Currency is EUR Acciona Earnings Call Transcripts
Fiscal Year 2025
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Record EBITDA and net profit growth in 2025 were driven by strong asset rotation, Nordex, and infrastructure performance, with a robust balance sheet and record backlog. 2026 guidance anticipates stable EBITDA, continued disciplined capital allocation, and a focus on maintaining investment-grade credit metrics.
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Strong H1 2025 results with revenue and EBITDA growth, driven by operations and asset rotation. Asset sales and prudent CapEx support deleveraging, while infrastructure, water, and Nordex segments show robust performance. Guidance and balance sheet targets reaffirmed.
Fiscal Year 2024
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Record EBITDA and infrastructure backlog were achieved, with strong asset rotation and Nordex turnaround. Group revenues and profits grew, despite lower energy prices, and double-digit EBITDA growth is targeted for 2025. Investment and asset rotation will support continued expansion.
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H1 2024 saw strong infrastructure and Nordex performance offsetting weak energy results due to low Spanish power prices and high curtailments. Asset rotation advanced with a major hydro sale, and group EBITDA rose 7% to EUR 990 million. Net debt increased to EUR 8.2 billion, but full-year guidance remains robust.