This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Sacyr obtiene un ebitda de 400 millones de euros en los nueve primeros meses de 2012

Sacyr Obtains an ebitda of 400 million euros in the nueve first months of 2012

15/11/2012

15 November 2012

Sacyr has obtained a gross result of exploitation (ebitda) of 399,5 million euros in the nueve first months of 2012, what supposes an increase of the gross profitability (margin of ebitda) of 13,9% to 15,1% in the period, thanks to the politics of reduction of costs and extreme surveillance of the profitability. The positive evolution of the businesses in the third quarter of the year has allowed that the figure of businesses vary the -3% in front of the same quarter of the previous exercise and the ebitda have fallen less than 1% in this same period. This favourable development of the quarter has situated the figure of businesses in 2.650 million euros, with what has moderated his decrease from the -17% of the first semester to the -12% current and the ebitda of the -7% until the -5% in the group of the exercise.

This operative result confirms the good evolution of the businesses of the group, especially services, international construction, grantings and real-estate heritage, in some economic surroundings complex. The result of exploitation (ebit) obtained in the third quarter has been 16% upper to the that had between July and September of 2011 and the net profit of the third quarter has duplicated to the of the same period of the previous year until the 34 million euros. All this ratifies the suitable strategy that is llevar the group to bet by his businesses core, reduce costs and debt, improve the profitability and develop his international activity and the new division Sacyr Industrial.

The turnover of the group in the outside has elevated of remarkable form and represents already 40% of the total (36% in September of 2011), that surpasses 51% regarding the activity only of construction.

The net financial debt to September was of 8.821 millions and the corporate debt 273 millions, 15% less than to December like result of the strict control of the same. The indebtedness finds perfectly structured in each area of business and has a calendar of vencimientos that situates them in 88% after 2013.