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decreased net debt by 24% with the reduction of 282 million euros, reaching 877 million euros,  nishing the year with a ratio of Net Debt / EBITDA of
2.2 (it was 3.4 in 2016 and 3.6 in 2015), along with a reduction in the average cost of funding and the maintenance
of the average maturity of the short‐ term debt at 2.4 years, revealing the pursuit of a growth strategy in line with thorough debt management and the Group’s objectives of sustainable growth.
€2,597 M
Europe
€828 M
Africa
€860 M
Latin America
€960 M
Turnover 2017
(MILLION EUROS)
37% 960
Order Book 2017
EBITDA
(MILLION EUROS)
550 400 350 300 250 200 150 100
0
Group increased EBITDA by 19% to 403 million euros, increasing the margin to 16%,
thus remaining a company with high performance among its European peers in the sector.
TOTAL
€2,597 M
30% 828
33% 860
(MILLION EUROS)
1,465
TOTAL
€5,138 M
1,068
2,604
338 403
2016 2017
EUROPE
AFRICA
LATIN AMERICA
EUROPE
AFRICA
LATIN AMERICA
TURNOVER 2017
SINERGIA 53 JUNE 2018 011


































































































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