Elecnor increased its international business by 41%

The Elecnor group obtained a net profit of 60.9 million euros in the first nine months of the year, 9% higher than that achieved in the same period of the previous year, as reported by the company. Sales amounted to 2,087.1 million euros, which represents an improvement of 29.5% compared to the same period in 2020.

Both the domestic market (which accounts for 47% of the total) and the international market (with 53%) recorded positive growth of 19% and 41%, respectively.

In the domestic market, activity continued to grow thanks to the services developed for the energy, telecommunications, water, gas and transport sectors. The construction of wind farms and photovoltaic plants also contributed to the group’s sales and earnings.

In the international market, the favorable performance is mainly due to the construction of power transmission lines in Brazil and Chile, as well as to the U.S. subsidiaries and major projects in Australia that are being developed in the current year, according to the company.

Also contributing to the group’s results are the construction of wind farms in Colombia, photovoltaic solar farms in the Dominican Republic and Panama, hydroelectric power plants in Cameroon and Angola, substations in Guinea, the Republic of Congo and Cameroon, as well as a biomass project in Belgium, among many others.

The concession business, which the Elecnor group develops through its subsidiary Enerfin and its subsidiary Celeo and their subsidiaries, has maintained its good performance in the first 9 months of the year, reaching an attributable net profit of 23.4 million euros, higher than in the same period of 2020.

With regard to the backlog of contracts signed and scheduled to be executed over the next twelve months, at September 30, 2021 it amounted to 2,514 million euros (compared to 2,273 million euros at the end of 2020). Of this figure, 76% corresponds to the international market and 24% to the domestic market.

The domestic market portfolio is made up of contracts for traditional service activities, as well as wind farms and photovoltaic plants. The international portfolio is increasing both in European countries (Italy and the United Kingdom) where service-related activities are carried out, and in other countries (mainly Australia, Chile and Brazil) where major wind, photovoltaic and power transmission projects have been contracted.

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