The Elecnor Group posts a net profit of EUR 25 million in the first quarter of 2025, 55% up on the previous year

At the end of the first quarter of 2025, the Elecnor Group had achieved a consolidated net profit of EUR 25 million, a 54.7% increase on the figure reported for ongoing operations in the same period of the previous year. Consolidated turnover stood at EUR 897.3 million, which represents an increase of 12% in relation to the first three months of 2024. In turn, the gross operating profit (EBITDA) reached EUR 54.4 million, a 26.4% rise.

The production portfolio of projects due to be executed in the next 12 months amounts to EUR 2,995.2 million, 10.6% more than at the end of 2024, when it came to EUR 2,708.7 million. The domestic market accounts for 30% of this portfolio figure and 70% comes from the international market. The domestic market portfolio is made up of contracts for service-related activities, as well as construction projects involving renewable energy power plants for the amounts planned for execution over the next 12 months. The international portfolio is based on contributions both from European countries (Italy and the United Kingdom) and from the United States, where service-related activities are being carried out, and from other countries (mainly Australia and Brazil) where contracts have been awarded for major projects involving the construction of renewable energy power plants and power transmission.

Figures by business segments

In the context of the new structure of the Elecnor Group, three business segments have been set up, in view of the responsibilities taken on by the Group’s three Management Departments. These segments are managed independently and set their own goals. They are as follows: Services, Projects and Concessions and Proprietary Projects.

In the Services segment, Elecnor includes the services of energy distribution, telecommunications, maintenance and installation, which are essential for the creation of change and well-being in society. In this segment the company has achieved a net profit of EUR 15 million, 7.1% higher than in the same period of the previous year. In the Projects segment, which focuses on the construction, operation and maintenance of infrastructures for generation and transmission of clean energy for everyone, improving living conditions for communities and encouraging sustainable development, the company has obtained a net profit of EUR 9.5 million, a 34.8% increase compared to the same period last year. Lastly, in the segment of Concessions and Proprietary Projects, the Elecnor Group has concentrated on the development and operation of projects aimed at long-term stability and profitability by means of concession agreements and strategic investments in proprietary projects, by strengthening the portfolio of renewable energy and power infrastructures, and increasing the value of the Group in the long term. In this segment, there is a distinction between Celeo — with a net profit attributable to the Elecnor Group of EUR 4.3 million, 51.1% higher — and the activity of promotion and investment, in which the Group is maintaining its strategy of long-term value creation, through promoting and investing in new business lines, choosing regions and technologies with high added value, and seeking unique, highly profitable opportunities, in both the domestic and international markets.