Businessweek

Sacyr Vallehermoso, S.A. announced group earnings results for the first quarter ended March 31, 2013. The attributable net profit amounted to €30 million, 7.2% more than in the same period of 2012. Gross operating profit (EBITDA) amounted to €120.5 million until 31 March 2013, a 10.6% lower than in the first three months of 2012, due to a number of factors, including the reduction of the margin due to the impact of legal reform in the renewable energies sector. Turnover was €802.3 million, a decrease of 8.4% compared to the first quarter of 2012, due to the slowdown in the construction business in Spain and Portugal.

Sacyr Vallehermoso, S.A. announced that they will report Q1, 2013 results at 11:00 AM, Central European Standard Time on May 13, 2013

Sacyr Vallehermoso, S.A., Q1 2013 Earnings Call, May 13, 2013

Sacyr Vallehermoso, S.A. reported earnings results for the year 2012. The company obtained a gross operating profit (EBITDA) of €506.1 million in 2012, similar to the figure for the previous year (€523.6 million), tantamount to an increase in gross return (EBITDA margin) of 14% compared with 13.7% in the previous year, due to the cost cutting policy and close monitoring of return. This positive operating profit confirms the Group's good business performance in what is a difficult economic setting, above all in Spain, and ratifies the appropriate strategy it is carrying out of focusing on its core businesses (international construction, infrastructure concessions and services) and the new industrial division, opening new markets, cutting costs and debt and improving return. Turnover amounts to €3.614 billion (down 5.4%) and has grown in all business areas except in construction due to the slowdown in activity in Spain and Portugal. There has been an important increase in the Group's turnover abroad, which now accounts for 41.1% of the total (39% in 2011), and for 52% in terms of construction activity alone. Specifically, turnover outside the Iberian Peninsula has increased by 24%. Net profit for the year records a negative result of €977.5 million, largely due to the adjustment of the Repsol shareholding to fair value. Not including provisions or impairments made, the net profit of the Group would be a positive figure of €90 million.

Sacyr Vallehermoso, S.A. announced earnings results for the third quarter and nine months of 2012. Because of the positive business performance in the third quarter, turnover has decreased by 3% year-on-year and EBITDA has fallen by less than 1% in this same period. This positive performance over the quarter brought turnover to EUR 2.65 billion. Operating profit (Ebit) for third quarter of 2012 was 16% higher than the figure for between July and September 2011, and net profit for the third quarter was double the figure for the same period of the previous year, reaching EUR 34 million. The company has obtained gross operating profit (EBITDA) of EUR 399.5 million in the first nine months of 2012. At September, net financial debt amounted to EUR 8.82 billion, while corporate debt stood at EUR 273 million, 15% less than in December as the result of keeping debt strictly in check. Due to positive performance in the third quarter of 2012 the company's net loss amounted to EUR 701.4 million for the nine months of 2012.