Group
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MAIN INDICATORS

2014 RESULTS | HIGHLIGHTS

Total Revenues of 226 M€, from which 201 M€ in Metallic Construction and 25 M€ in RE Developer

- Total Revenues in the 4Q2014 with an increase of over 50 % when compared with 3Q2014

- EBITDA of 6 M€, which corresponds to a consolidated EBITDA Margin of 3 %

- Net Profit of continued operations strongly influenced by the reinforcement of provisions and impairment losses (39 M€) as well as financial expenses (30 M€)

- Consolidated Net Profit attributable to shareholders of -94 M€, strongly penalized by the net profit of discontinued operations of -31 M€, and by the reinforcement of provisions and impairment losses

- Consolidated Net Debt reduction to 283 M€, a 53 M€ decrease compared with 2013


2014 MAIN FINANCIAL INDICATORS

M€DEC 2014DEC 2013VAR. %
Revenues225.8319.9-29%
EBITDA6.015.7-62%
EBITDA Margin3%5%-2.3 pp
Depreciation & Amortization-14.6-14.3-2%
Provisions & Impairment Losses-38.6-28.3-37%
EBIT-47.3-26.9-76%
EBIT Margin-21%-8%-12.5 pp
Financial Results-19.4-34.444%
Profit before taxes-66.7-61.2-9%
Income tax-4.9-3.6-35%
Profit after taxes on continued operations-71.5-64.8-10%
Discontinued operations' Result-65.2-5.9<-100%
Attributable to non-controlling interests-34.4-1.7<-100%
Attributable to shareholders-30.7-4.2<-100%
Net Profit-136.7-70.8-93%
Attributable to non-controlling interests-43.2-1.8<-100%
Attributable to shareholders-93.5-69.0-36%
Earnings per share-0.957-0.705-36%