Applus achieves an operating result of 148 million until September, 16.6% more

He modifies his perspectives for this year, initiates a new share buyback program and appoints a new financial director.

Applus achieves an operating result of 148 million until September, 16.6% more

He modifies his perspectives for this year, initiates a new share buyback program and appoints a new financial director

MADRID, 31 Oct. (EUROPA PRESS) -

Applus recorded an operating result of 148 million euros during the first nine months of this year, which represents an increase of 16.6% compared to the same period of 2021, as reported to the National Securities Market Commission (CNMV). .

Likewise, the adjusted result before taxes was 126.3 million euros, 16.2% higher than a year earlier, while income stood at 1,518.9 million euros, which represents a rise of 16 ,3%.

Between January and September, the gross operating result (Ebitda) reached 239.7 million euros, 15% higher than that of the first nine months of 2021.

"We continue to have good growth in both revenues and adjusted operating income in all our businesses. In line with our Strategic Plan presented a year ago, the global mega trends of energy transition, electrification and connectivity are being the main drivers of growth in demand for our services, along with good demand for services in the oil and gas market from the Energy division

"We are confident that this good growth will continue during the last quarter of the year, which has allowed us to raise our growth forecasts for the year in organic revenues to high single digits," he added.

Likewise, he underlined that cash generation this year has been "good" and the financial leverage ratio remains stable.

"We continue with our strategy of allocating capital to high-growth, high-margin businesses and strategic acquisitions, five of which have been made to date. Likewise, we continue to advance with our divestment plan," he explained.

As a result of "the good cash generation and good financial position", the board of directors has decided to initiate a new share repurchase program for an additional 5% of the company's capital stock, with the total share repurchase being 10 % since the announcement of the Strategic Plan.

"This is in line with our capital allocation strategy focused on creating value and optimizing return for shareholders", Amigó highlighted.

Looking ahead to 2022, the company has modified its outlook with an increase in estimated organic revenue growth to high single digits (compared to previously medium-high single digits) and with revised operating profit margin due to the impact of cost increases. of energy, which is expected in line with the previous year (previous improvement expected between 30 and 40 basic points).

On the other hand, the company has announced the appointment of the new financial director of the Group, Julián José de Unamuno Moreno, who will join at the beginning of next year.

"This incorporation, together with our operational and functional leaders, including the new vice president of Operational Excellence, as well as the board of directors, make up an excellent management team focused on adding value to the Applus Group", Amigó highlighted.

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