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Abertis

Year of investment: 1971

www.abertis.com

Abertis is an international group that manages mobility and telecommunications infrastructures in five business areas: toll roads, telecommunications infrastructure, airports, car parks and logistics parks. The company is present in 18 countries, manages over 3,700 km of toll roads, and holds assets totalling more than €24,000 million. The Group has a workforce of over 12,000 and generates practically 50% of its revenue outside Spain.

Abertis trades on the Spanish stock market and forms part of the Ibex 35 index, as well as of international benchmarks such as the Dow Jones Sustainability Index, FTS Eurofirst 300 and Standard & Poor’s Europe 350.

2005 2006 2007 2008 2009 Jun-10
Note: the featured holdings represent financial holdings.
Holding (%) 19.21% 20.33% 21.12% 25.04% 25.04% 24.61%
Representation on the Board First Deputy Chairman, Third Deputy Chairman, 4 Board Members and 1 CEO (7 of 20)
Key figures
Financial
figures		 2009 2008 Variation
EBITDA (€m) 2,435 2,256 8%
EBIT (€m) 1,483 1,448 2%
Net earnings (€m) 653 618 6%
Stock market figures 2009 2008 Variation
Market capitalisation (€m) 11,064 8,446 31%
Price per share € (31/12) 15.72 12.00 31%
Note: 2008 share price adjusted for the annual bonus share issue (1x20).
Source: Abertis Annual Report 2008 and Earnings Realease 2009. Market capitalisation: Bloomberg

EBITDA 2009
  • Motorways (84.9%)
  • Telecom (9.0%)
  • Airports (4.0%)
  • Cars parks (2.3%)
  • Logistics (0.5%)
  • Holding (-0.7%)

Source: Abertis Annual Report 2008 and Earnings Realease 2009.

Net profit (€m)
CAGR: -2.2% | 2007: 682 | 2008: 618 | 2009: 653

Source: Abertis Annual Report 2008 and Earnings Realease 2009.

Dividends (€/Share)
2007: 0.56 | 2008: 0.60 | 2009: 0.60

Source: Abertis Annual Report 2008 and Earnings Realease 2009.