Acciona Boosts Turnover by 43% Due to Asset Transfers

30/07/2014 – Expansion

Acciona´s net profit showed a fair €68 million in the first half of this year, meaning 42.9% more than in 2013. According to the group, the positive result was driven by asset sales and enlargement of its wind plants.

The firm chaired by José Manuel Entrecanales prolonged service life of its wind power plants, cutting in necessary funds by €61 million.

Moreover, Acciona´s accounts include €28 million capital gains deriving from sales of its wind farms in Germany and another €8 million from a divestment in Barcelona´s tram. The company´s earnings have been seriously crippled by a reform in renewable energy regulation.

 

Original article: Expansión

Translation: AURA REE

46