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September 02, 2015 7:00 PM ET

Construction and Engineering

Company Overview of Grupo Isolux Corsán, S.A.

Company Overview

Grupo Isolux Corsán, S.A. engages in infrastructure construction and concessions in the areas of energy, civil engineering, environment, and facilities in Spain and internationally. It builds infrastructure for motorways, toll roads, and high-speed railway lines; constructs building for government, health, and cultural purposes, as well as social housing projects; and engineers, constructs, and develops customer employees and running facilities. The company also runs projects for capturing underground waters, water pumping and elevation stations, and networks for water treatment, water supply, and emitter pipes; and builds drinking-water processing stations, waste-water treatment stations, w...

C/ Caballero Andante, 8

Madrid,  28021

Spain

Founded in 1933

5,978 Employees

Phone:

34 91 449 30 00

Fax:

34 91 449 33 33

Key Executives for Grupo Isolux Corsán, S.A.

Chief Executive Officer and Executive Director
Chief Financial Officer and Director of Finance
Chief Executive Officer of Isolux Infrastructure
Chief Executive Officer of EPC
Compensation as of Fiscal Year 2015.

Grupo Isolux Corsán, S.A. Key Developments

Grupo Isolux Corsán Announces Earnings Results for the First Half of Fiscal 2015

Grupo Isolux Corsán announced earnings results for the first half of fiscal 2015. For the six months, the company announced revenues of €977 million which represents an increase of 5.2% with respect to the same period last year. This figure would have climbed to €1,463 million, an increase of 23%, if the new adjustment in the consolidation method, as a consequence of applying accounting standard IFRS11, had been excluded. The company's EBITDA reached €93 million, a decline of 22% with respect to the same period last year. This decrease is due to higher pressure on margins in some projects in Latin America, among other reasons. Additionally, in the first half of 2014, there were certain positive non-recurring impacts which made the base of comparison higher. Isolux Corsán managed to reduce losses to almost half, posting a net loss of €17 million with respect to €28 million in the same period in 2014. This drop is driven mainly by the higher result coming from the concessions business, consolidated through the equity method.

Grupo Isolux Corsán, S.A., H2 2015 Earnings Call, Aug 27, 2015

Grupo Isolux Corsán, S.A., H2 2015 Earnings Call, Aug 27, 2015

Isolux Corsan Renews Maintenance Contract for Floating Power Plant in Angola

Isolux Corsan has renewed the contract for the work of operation and maintenance of the floating power plant 'Boavista I', located in the fishing port of Luanda in Angola. The project has been commissioned by Prodel and has a budget of EUR 14 million. Isolux Corsan that has been carrying out this works since April 2012, will continue performing it continuously, (24 hours per day) over the next two years.

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