Saeta Yield boosts EBITDA by 39% to EUR 60 million

  • The Board of Directors of Saeta Yield approved a dividend of EUR 0.1967 per share (equivalent to approximately EUR 16 million), payable on 29 May
  • This new dividend is in addition to the amount paid to shareholders in the first quarter, also of EUR 16 million
  • The Company increased cash flow from operating assets by 18% up to EUR 49 million
  • The Company multiplied net profit six-fold, relative to the same period in 2017, to EUR 7.8 million
  • The favourable results reflect the success of the strategy that the Company initiated last year to generate value and internationalise with purchases in Uruguay and Portugal
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Saeta Yield boosts revenue by 19% to EUR 333 Million, and EBITDA by 22% to EUR 242 Million

  • José Luis Martínez Dalmau, Chairman of Saeta Yield: “We have concluded an exceptional year with outstanding results and we have demonstrated the strength of a platform and a team capable of generating profitability and value for our shareholders in a distinctive way”
  •  The Company increased cash flow from operating assets by 84%, to EUR 79 million, a key component of its dividend policy
  •  In 2017, the dividend paid by Saeta Yield totalled EUR 62 million, an increase of 4% from the previous year
  •  Net profit reached EUR 36.5 million, up 22% from 2016
  •  In 2017, Saeta Yield successfully completed its first international purchases in Uruguay and Portugal; international assets now will account for 23% of the overall portfolio
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Saeta Yield approves its second quarterly dividend for 2017 for the sum of 0.189 euros per share

The Saeta Yield Board of Directors, chaired by José Luis Martínez Dalmau, today agreed on the payment of a dividend charged to the share premium for the sum of 0.189 euros per share. So far this year, the Company has approved a dividend for the sum of 0.57 euros per share, 4.8% higher than the same dividend for 2016. This dividend, which on an annualised basis would be at an implicit figure of around 0.76 euros per share, is 8% higher than the initial dividend expected by Saeta Yield on its flotation in February 2015.  The purchase of the wind farms Carapé I and II in Uruguay and the refinancing of the Manchasol 2 solar thermal plant last May has made this growth possible.

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Saeta Yield increases its revenue by 42% up to 70.2 million euros, and its EBITDA by 40% up to 43.1 million euros

In the first quarter of 2017 Saeta Yield increased its cash flow from operating assets by 10.4% up to 41.8 million euros, which reinforces its dividend policy. The positive increase in revenues and EBITDA – with growth of 42% and 40% respectively – explains this increase in cash flow. The company will continue with the operational asset purchase strategy, which generates value for its shareholders and increases dividends, after announcing its first international acquisition in Uruguay during the first quarter.

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