Abengoa reports a 37% increase in sales

September 1, 2010 at 1:46 pm

Much more than they had hoped. Abengoa Sevilla, specialized in solar energy, reported a 37% increase in sales compared to the first quarter of 2009. They reported to the Financial Services Authority a net profit of 100,4 million Euros. The original provision set the profit of the company at 96 million. The sales registered between January and July reach 2.788,6 million Euros. These news helped the stocks of the company, they closed the session at a level of +0,75. The bulk of sales, about 1330.8 million euros, had its origin in the division of engineering and industrial construction, which increased its turnover by 52%.

These figures confirm the commitment of the company for international expansion and the success of this endeavour. The industrial group, which collaborates also with the Kinos Group, has become more deeply invested in international markets and the total sales now represent 68% of total company business. Abengoa’s strong presence in Latin America, Europe and USA rose 46% compared to 2009 and gave way to an turnover of 1.892 million euros.

source: abc.es

photo source: keetsa.com

Entry filed under: Alternative energy, Kinos, News, Real estate, Spain Tourism. Tags: abengoa, increase, investment, Kinos, profit, sales, sevilla, solar energy.