Full Year 2024 Acciona SA and Corporacion Acciona Energias Renovables SA Earnings Call Transcript
Key Points
- Acciona SA (ACXIF) achieved a record revenue of EUR2.5 billion in 2024, with significant contributions from the infrastructure segment and Nordex.
- The company's infrastructure backlog reached an all-time high of EUR54 billion, driven by landmark concession awards.
- ACCIONA EnergĂa added 2 gigawatts of capacity in 2024, surpassing its target and marking a peak in its growth cycle.
- Nordex showed a remarkable recovery with a 20% growth in its order book and improved profit margins.
- The company maintained its investment-grade credit rating and avoided tax overruns or write-offs despite challenging market conditions.
- ACCIONA EnergĂa faced challenges in the Spanish market, leading to a revision of its EBITDA expectations.
- The average captured price for electricity declined by 20%, impacting generation revenues.
- The company experienced a 32% decline in net profit, amounting to EUR357 million.
- There were three fatalities among subcontractors' employees, highlighting safety concerns.
- The US market presents volatility risks due to political changes and rhetoric against renewables.
Good morning, ladies and gentlemen, and welcome to Acciona's financial results presentation for fiscal year 2024. 2024 has been a transformational year for our Group. We achieved a record of EUR2.5 billion, with more than half generated by our infrastructures segment and Nordex.
Our infrastructure backlog now stands at an all-time high of EUR54 billion driven by several landmark concession awards that will redefine our company in the years to come. ACCIONA EnergĂÂa set new records by adding 2 gigawatts of capacity in the year, building on the 1.7 gigawatts achieved in 2023. And marking the peak of our recent growth cycle.
Our energy asset rotation activity has also delivered strong results with EUR1.3 billion completed to date at very attractive valuations. As we look ahead, we have several promising opportunities and we will remain flexible evaluating options based on pricing, strategic fit, and partner quality.
Despite facing challenging market -- the challenging market in
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investorsâ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
