2019 first half Results Presentation
Ezentis consolidates profits in the first half of the year
- Net profit of 1.5 million in the year to June and all margins improved
- 879.3 million, with order intake of 322.6 million euros in the first half of the year due to renewals and new contracts
- Reduces net debt by 26 million euros with savings of 4 million euros in financial charges
Grupo Ezentis, a company that operates and maintains telecommunications and energy infrastructures for large multinationals in eight countries, reported a net profit of 1.5 million euros in the first six months of the year.
This result comes on the back of an improvement in all its margins, and the company thus consolidates the growth undertaken in the second half of 2018, following the purchase of EFF from Ericsson and the new refinancing with a group of banks and funds.
Revenues increased by 18% compared to the first half of 2018, to €238 million, and Ebitda reached €29.4 million (12.4% on revenues). Order intake has grown strongly in the first six months of the year, reaching €322.6 million in its four main markets (Spain, Brazil, Chile and Peru).
The backlog currently stands at €879.3 million, which is 1.8x over revenues for the last 12 months and an increase of 11% compared to December 2018. The company's main markets are Spain, Brazil and Chile, which account for 83% of the group's revenues.
Also noteworthy in the first half of the year was the sharp reduction in the company's net financial debt, which fell by 25.9 million euros, with a cash generation of 14.3 million euros in the first six months of the year. The company's new financial structure has made it possible to reduce financial expenses by 4 million euros.
View the 2019 first half results presentation