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Shareholder General Assembly approves Águas de Portugal group 2013 accounts

The General Assembly of the Shareholders of AdP – Águas de Portugal, SGPS, SA, in a meeting held yesterday, deliberated and approved the management report and the consolidated accounts for the 2013 financial year.The 2013 financial year significantly reduced the level of consolidated net debt held by the AdP Group by around €100 million, to fall to a level of €2.544 billion at the end of a year also marked by the positive performance turned in by the key management performance indicators.

2013 Half Year Results

The consolidated AdP - Águas de Portugal results for the first half of 2013 demonstrate a positive performance across the key economic-financial indicators in comparison with the same period of last year, with the net result surging 18.7 per cent to 55.3 million euros, EBITDA advancing 11 per cent to close the end of June at 171.7 million euros and the level of turnover rising approximately 28 million euros.

Shareholder General Assembly Approves the Águas de Portugal Group Accounts

The AdP group financial performance stands out for the increase in net results of 4.2%, to €93.8 million. This rise stems above all from the improvement in operational results totalling in the region of €8.2 million and, discounting the effects of the tariff deficits, resulting in a boost to financial results totalling €14.3 million.