Spain · Delayed Price · Currency is EUR Cox ABG Group Earnings Call Transcripts
Fiscal Year 2025
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Record 2025 results with 62% revenue growth, 23% higher EBITDA, and a major Iberdrola México acquisition set to triple EBITDA and boost cash flow. Leverage remains disciplined, with pro forma net debt/EBITDA not expected above 3.5x.
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H1 2025 saw revenue up 62% to nearly EUR 500 million and EBITDA up 63% to EUR 82 million, with a record EUR 2.7 billion backlog and strong liquidity. The company is on track to meet full-year guidance, supported by robust asset and service core growth, and a major efficiency program.
Fiscal Year 2024
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2024 saw 21% revenue growth, 77% EBITDA growth (including EUR 54M one-offs), and a 62% rise in net profit, driven by asset expansion and a strong services backlog. 2025 targets include over EUR 1.2B in revenue and EUR 230M+ EBITDA, with robust liquidity and a healthy capital structure.