Acciona SA (FRA:AJ3)
€ 114.7 -1 (-0.86%) Market Cap: 6.21 Bil Enterprise Value: 14.45 Bil PE Ratio: 33.44 PB Ratio: 1.35 GF Score: 76/100
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Nine Months 2019 Acciona SA Earnings Call Transcript

Nov 08, 2019 / 09:00AM GMT
Release Date Price: €92.4 (+0.16%)
Raimundo FernÃ;ndez;Cuesta Laborde
Acciona, S.A. - Global Director of Markets & IR

¡- -

Good morning, ladies and gentlemen. This is Raimundo Fernández-Cuesta. Thank you for attending our 9-months results conference call. Presenting today is José Ãngel Tejero, our Group CFO; and myself. Over to you, José Ãngel.

Jose Angel Tejero Santos
Acciona, S.A. - Group CFO

Thank you, Raimundo. I would like to give you the high-level view of our results for the first 9 months of the year.

Our results show strong growth in EBITDA in terms of headline reported figures and also on a like-for-like basis. The comparison between the 2 periods continues to be affected by the significant perimeter changes, basically, the CSP, Trasmediterránea and Rodovia disposals last year; and the first time implementation of the new accounting rule IFRS 16.

The operating trends underlying our EBITDA during these first 9 months would be the following. Firstly, the low hydro generation volumes in Spain so far this year, which are offset by

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