Spain's Abertis targets 2014 profit growth of 5 percent

miércoles 26 de febrero de 2014 07:08 GYT
 

MADRID Feb 26 (Reuters) - Spanish infrastructure firm Abertis said on Wednesday it was targeting 5 percent growth in net profit and earnings before interest, taxes, depreciation and amortisation (EBITDA) in 2014 from a year earlier.

In a presentation of full-year results, Abertis said net profit would reach about 650 million euros in 2014 on EBITDA of around 3.1 billion euros. The company is also aiming for net debt of less than 14 billion euros by end-December.

Barcelona-based Abertis said it was working on a new strategy for 2015-2017 that would focus on France and Brazil, where it has recently increased its activity. (Reporting by Tracy Rucinski)