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2011 RESULTS | HIGHLIGHTS - Operating Revenues of 550 M€; Strong growth internationally - EBITDA of 8.9 M€ and EBIT of -20.8 M€ - Weak operational performance at Metallic Constructions impacted by the restructuring plan under implementation during 2011 and from impairment loss accounted with the sale of the partnership in the US (Martifer – Hirschfeld Energy Systems) - Net reported Profit attributable to shareholders of -49.6M€ - 4Q11 showed notable improvements; Quarter EBITDA margin of 7.3% - Sustainable order books gives good visibility for 2012: in Metallic Construction 290 M€ and Solar 192 M€. Good commercial momentum in Brazil should offset Iberian market depression in the Construction sector - Strengths and levers for market adaptation: Matching of Capacity and Flexibility |
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