Abengoa to Sustain First-Quarter Sales Growth, Camacho Says

Abengoa SA (ABG/P) will likely sustain the pace of first-quarter sales growth for the rest of this year, Strategy Director Javier Camacho said today at a conference in Madrid.

Revenue at the engineering company based in Seville, Spain, jumped 14 percent in the first quarter compared with the year-earlier as sales of solar power and ethanol surged.

Abengoa uses cash from its engineering and industrial construction business, which generated 545 million euros ($665 million) of its total 1.2 billion euros in sales, to finance investment in growth industries such as renewable energy and biofuels.

To contact the reporter on this story: Ben Sills in Madrid at bsills@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

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