Investor Presentaiton
Turnover up 7% YoY in 1H19 to €1,344 mn
P&L (€ mn)
MOTA-ENGIL
1H19
1H18
YOY
Turnover
EBITDA
Margin
1,344
1,251
194
176
7%
10%
14%
14%
O p.p.
EBIT
91
90
1%
Margin
7%
7%
(0 p.p.)
Net financial results
(52)
(10)
n.m.
Associates
1
2
(24%)
Net monetary position ¹
(9)
n.m.
EBT
Net income
220
40
73
(45%)
26
41
(38%)
Attributable to:
Turnover was fueled by a strong activity in Africa
EBITDA was up 10% YoY to €194 mn driven by the
growth both in Africa and in Latin America
IFRS 16 impact in EBITDA was c.€7 mn
Financial debt interest costs remained broadly stable
Non-controlling interests are mainly related to Angola
and Mexico
Non-controlling interests²
17
35
Group
8
55
(51%)
60
6
42%
Net income was up 42% YoY to €8 mn
1The caption "Net monetary position" reflects partially the accounting of Angola as a hyperinflationary economy (IAS 29) in the 1H18. After January 1, 2019 the Group discontinued the application of
IAS 29 to its affiliates located in Angola. 2 Mota-Engil's subsidiaries with largest minorities: Suma, EGF, Mota-Engil Angola, Mota-Engil México, SGF (Energy business in Mexico) and ECB (Brazil).
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