09/07/2016

Alba’s net profit reached 132.0 M€ in the first semester of 2016

Corporación Financiera Alba’s consolidated net profit after taxes amounted to €132.0 M in the first half of 2016, 12.3% lower than in the same period of the previous year. This decrease is mainly due to the absence of asset sales in 2016, unlike the first half year of 2015 when capital gains of €120.4 M were recorded, arising from the sale of 1.73% of ACS and 3.10% of Acerinox.

The Net Asset Value (NAV) stood at €3,607.5 M at 30 June 2016, equivalent to €61.94 per share. Alba’s share price of €36.30 on this same date represents a discount of 41.4% compared to the NAV per share. NAV has decreased 1.60% during this half year period, compared to a 14.5% decline for the IBEX 35.

During the first half of 2016, Alba invested €194.3 M in the following transactions:
– Purchase of 8.16% of Parques Reunidos for €101.9 M.

– Purchase of an additional 1.95% of Viscofan for €46.4 M, reaching an 8.81% stake.
– Purchase of an additional 1.49% of BME for €35.3 M, reaching a 12.06% stake.
– Purchase of an additional 0.83% of Euskaltel for €10.7 M, reaching a 10.83% stake

Alba’s portfolio at close of the first semester of 2016 was as follows:

Listed entities Unlisted entities
Acerinox 19,6% Mecalux 24,4%
ACS 11,7% Panasa 26,5%
BME 12,1% Flex 19,8%
Ebro Foods 10,0% Siresa Campus 17,4%
Indra 11,3% EnCampus 32,8%
Euskaltel 10,8% In-Store Media 18,9%
Viscofan 8,8% TRRG Holding Ltd. 7,5%
Parques Reunidos 8,2%
Clínica Baviera 20,0%