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Communication

News

01/03/2012

RESULTS 2011


  • Unión Fenosa Gas (UFG) achieved an EBITDA in excess of 550 million euros.
  • In 2011 it became the Nº 1 supplier to combined cycle power stations and Nº 3 in the domestic market by market share.

Madrid, 1 March 2012.

UFG obtained a gross operating profit of € 554 million. This figure was generated with sales volumes of less than 4.3% in the Spanish market, thanks to a more efficient supply, logistics and infrastructure management. It also had an outstanding performance in the international market that generated excellent, positive results. The net turnover reached € 2,022 million and the operating profit € 240 million.

The gas sold by UFG in Spain and the international markets was 83,440 GWh, some 4.4% less.

In Spain, sales to combined-cycle power stations fell by 2.5%, whereas those to the industrial sector and marketers fell by 5.6% and 19.2% respectively. A positive result if compared with the decline in total demand in Spain of 7% with respect to 2010. UFG became the leading operator, by market share, in the electrical generation sector and third in the market with a total share of 15%.

The main infrastructures of the gas business (liquefaction, maritime transport and regasification) maintained their operative parameters of availability and efficiency in line with the previous year.

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