A 33% rise in SENER’s EBITDA

04/07/2018 (International)

In order to reflect the most important facts as regards projects, social initiatives and economic results from 2017, SENER has published its Annual Report for the ninth consecutive year, a bilingual (Spanish-English) document with the slogan “The drive to move forward” which also strengthens its commitment to transparency and responsible communication.  

One of the most important milestones was, after obtaining full authorisation, the Group selling in December 2017 its shares in Industria de Turbopropulsores (ITP) to Rolls-Royce, an important operation that will have a positive impact on strengthening SENER's core engineering activities, as well as giving strategic drive in other sectors such as economic and organisational areas. 

As for the 2017 accounts, these reflect an Operating Income of 766.8 million euros, an Operating Profit of 22.1 million euros and a 2,256-strong workforce at the end of the year, figures that confirm SENER’s profits are progressively returning to normal, a process already begun in the previous year. 

The report also highlights the development achieved by SENER's four business units (Aerospace; Infrastructure and Transport; Renewables, Power, Oil & Gas; and Marine), which confirm the organic increase and progress made in providing distinctive technological solutions for its clients. 

Innovation and internationalisation

SENER continues to stand out for its continuous focus on fully international, value-added services. Hence, in 2017, the company invested 25.4 million euro in R&D, 2.2% more than in 2016, with an external turnover of 94% of its sales and consolidating its position as an international benchmark engineering company in specialities such as solar thermal power generation, high-performance thermal cycling, storage terminals and regasification of liquefied natural gas, and marine systems, high-speed railways, city and intercity transportation, electromechanical systems for aerospace applications or guidance, navigation and control systems. 

Corporate Governance Enhancement and Strategic Plan 2017-2019

In 2017, SENER launched a new stage with a generational changeover in its top management - which in 2018 led to the appointment of Jorge Unda as the new CEO of the Group, the renewed commitment of  shareholders and a revised declaration of its Mission, Values and Vision, as well as the Articles of Association, in a process to optimise SENER's entire Corporate Governance System. 

These changes have not modified the 2017-2019 Strategic Plan, which aims at a major organic increase in all SENER's activities and will be added to by selective acquisitions to strengthen our technologies, such as the recent acquisition –in June 2018 - of the group TRYO Aerospace & Electronics. SENER is also exploring new ways of developing the Group's industrial areas, in Energy & Environment and Aerospace, always in synergy with those of Engineering and Construction.

All the information in this report is available and can be consulted on the SENER's company website.

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