Acciona Sees Flat Core Profit in 2016
Photo: Acciona
Spain's Acciona said on Tuesday it expects earnings before interest, taxes, depreciation and amortization (EBITDA) to remain relatively flat in 2016, while net capital investment would be around 600 million euros ($652 million).
On Monday, Acciona said full-year 2015 EBITDA was 1.174 billion euros, slightly above a forecast of 1.166 billion euros in a Reuters poll of analysts.
In a presentation ahead of the group's 2015 earnings conference call, Acciona said it aims to offer moderate, sustained growth in dividend in 2016.
($1 = 0.9202 euros)
(Reporting by Paul Day; Editing by Jesus Aguado)
