Lena Group presents the best results ever

Lena Group presents the best results ever For the first time with a turnover higher in international markets (51 percent), Lena Group, mainly the result of construction activities in Venezuela, Angola, Brazil and Algeria achieved performance in 2012, in the activities related to the construction.
The Individual accounts of Lena Engineering and Construction SA have a turnover of about 200 million euros, EBITDA of 47.2 million euros and net profit of 29.8 million euros. The buildings had their best result ever, due to the international commitment. Thus, the original activity was again the anchor in producing results of Lena Group. In 2012 the building represented 72 percent of the Group's business, industry and real estate by joining complement the wider construction sector accounted for 90 percent of total turnover.
In the good performance of the anchor activity in the international arena, has joined the good performance in the domestic sector of environment and energy, to make the activities more dependent on the domestic market, construction, automotive, tourism and communication.
So, Lena Group turnover 495.4 million euros (2.6 percent less than in 2011). Venezuela with 25 percent, with 19 percent of Angola and Brazil 5 percent were the three main markets of the Group in 2012. The results presented are the result of implementing a transformation plan that the Board has been carrying out since mid-2010, focusing on the following aspects: Focus on construction activities, environment and energy; simplification of the corporate structure; Bet on internationalization, Improvement in the financial structure.
Lena Group considers that, although, it is expected to maintain adverse conditions in the domestic market that will always bring difficulties, the results represent an important foundation for consolidating the rigor and robustness, the core values of the Lena Group.
2013-07-09 15:42:53
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