Key data

Financial and operating data

  2015(2) 2016(2) 2017 2018(3)
2019*
2020
Turnover 33,291 31,975 34,898 36,659
39,049
34,937
Gross operating profit (EBITDA) (1) 2,141 2,023 2,279 2,942
3,148
2,444
Net operating profit (EBIT) 1,421 1,445 1,626 2.050
2,126
1,440
Attributable net profit 725 751 802 916
962
574
   
Cash-flow from operation 1,795 1,376 1,864 2,322
2,379
1,174
Dividends paid 345 326 297 316
486
490
Net investments/(Divestments) 259 (523) 308 1,538
1,254
304
Total assets 35,280 33,370 31,881 35,701
39,695
37,334
   
Equity 5,197 4,982 5,164 5.991
5,506
4,276
   Shareholders´equity 3,421 3,582 3,743 4,355
4,421
3,529
    Minority interests 1,776 1,400 1,421 1,636
1,085
747
Total net debt 2,624 1,214 153 -3
54
1,820
   Net debt with recourse  2,083 1,012 -42 -120
-87
1,730
   Non recourse financing  541 202 195 117
141
89
Backlog (4) 58,942 66,526 67,082 72,223
77,756
69,226
   
Number of employees 170,241 176,755 182,269 195,461
190,431
179,539

*2019 restated by BICC by the global consolidation method
(1) In 2018 and 2020, it includes “Results from Equity Method of operating activities”: the result corresponds to associates (including Abertis’ contribution to the Group) and Joint Ventures which belong to the ordinary activity.
(2) In compliance with IFRS 5, in 2016 Urbaser has been reclassified as discontinued operations as a result of sale, also proceeding to re-express the income statement 2015.
(3) IFRS 16 (Operational Leases) has been applied since January 2019, with restatement of the comparable period.
(4) Includes the backlog proportional to the stake in joint ventures that the group does not fully consolidate.

Key ratios

  2015 2016 2017 2018(3)
2019
2020
Operating margin 4.3% 4.5% 4.7% 5.6%
5.4%
4.2%
Net margin 2.2% 2.3% 2.3% 2.5%
2,5%
1.6%
ROE
20.8%
21.4%
21.9%
22.6%
21.9%
14.4%
Gearing(*) 50.5% 24.4% 3.0% -0.1%
1.0%
42.6%
Dividend yield 4.3% 4.0% 4.2% 5.6%
5.6%
6.2%

(*) Gearing: Net Debt / (Shareholders’Equity+Minority interests),
(3) IFRS 16 (Operational Leases) has been applied since January 2019, with restatement of the comparable period.

Data per share

Euros 2015 2016 2017 2018(3)
2019
2020
Earnings 2.35 2.438 2.570 2.94
3.13
1.95
Gross dividend (*) 1.152 1.196 1.385 1.900
1.990
1.84
Funds from operations 5.16
4.47
5.97
7.46
7.74
3.99
Shareholders' equity 11.09 11.63 11.99 14.00 14.37
12.02

* 2020 final dividend pending of approval.
(3) IFRS 16 (Operational Leases) has been applied since January 2019, with restatement of the comparable period.