The company has added that discounting the 605 million euros of capital gains obtained from the sale of Abertis, as well as other fiscal and exchange rate impacts, the comparable net profit has increased 15% with respect to the previous year. During 2018, the positive evolution of traffic in the main markets stood out, with notable growth in Spain (3.3%); France (1.7%); Chile (3%); Brazil (0.8%); Puerto Rico (7%); Italy (1.2%) and India (4.8%). Ebitda or gross operating profit reached 3,549 million euros, 3% more, driven by several factors, such as the implementation of measures to improve efficiency and optimization of operating expenses, although, in comparable terms, increased by 7%. Revenues for the year reached 5,255 million euros, with a 0.3% decrease compared to 2019 Calendar Babulal Chaturvedi, basically due to the negative evolution of the exchange rate. In comparable terms, revenues have increased by 5.3%. 73% of Abertis’ revenues have come from outside Spain and the French market has consolidated as the largest for the group, generating 33% of revenues, followed by Spain, with 27%. Consolidated net financial debt of Abertis reached 12,538 million euros in December 2018, compared to 15,578 million in 2017. This reduction of 19.5% is basically due to the strong generation of cash and the sale of cash. % of Cellnex.
2019 Calendar Babulal Chaturvedi
The net debt does not include the nearly 9.8 billion debt held by AbertisHoldCo in the context of the purchase of 98.7% of the company’s capital. After the divestments carried out in Cellnex and Hispasat and the new debt financed in the medium term, Abertis has reduced short-term funds needs to 4,270 million euros. During 2018, the total investment of Abertis has amounted to 944 million euros, mainly destined to investment in expansion (88% of the total) for the capacity expansion of the toll roads, especially those of Brazil and France. In addition, in 2018, Abertis has invested 293 million in the purchase of a 32.63% stake in Hispasat.
Last week, the company, through its subsidiary Abertis Telecom Satellites, has reached an agreement with Red EléctricaCorporación to sell its 89.7% stake in 2019 Calendar Babulal Chaturvedi, for a total of 949 million euros. Vodafone and unions are each closer to reaching an agreement on the terms of the Employment Regulation File (ERE) that the teleco will do in Spain to cut costs in the face of poor business performance. After a marathon negotiations held on Tuesday and that lasted until late into the night, the company’s management has raised fine The representatives of the workers should reduce the final number of affected persons from the initial 1,200 to a maximum of 1,102 and, as demanded by the trade union centrals, that all these departures should be voluntary.