Applus+ shareholders support the management and approve the 2015 results
22/06/2016
Dividend of 0.13 € per share is approved.
Barcelona, 22 June 2016 - Applus+ shareholders, met today at the Annual General Meeting and approved the management and results of the company in 2015, with the support of more than 94% of the votes on all resolutions including the distribution of a dividend of 0.13€ per share, to be paid on July 15.
2015 was a record year in revenue and operating results
The CEO commented that 2015 was a historical record year in revenue, operating profit, net profit and cash generation. "And this was achieved in a very challenging environment in our main market."
Revenue increased 5.1% to €1.7 billion. The increase in operating profit was 2.2% and cash flow was 3.5%. Net profit after tax increased 60%, due to the growth in operating profit and the reduction of the financial costs.
Positive outlook for the medium and long term
In his speech to shareholders, Fernando Basabe, CEO of Applus+ said: "We hope that, after 2015 and 2016 during which investment in the oil and gas sector has fallen by more than 50%, this begins to stabilise; which together with the trajectory of the rest of our businesses, makes us optimistic for the medium and long term. And this is for three main reasons: society demands increased safety in the workplace, more environmental protection and higher quality products and services andthe response of governments is more regulation that requires our services. In developed countries like within the US and Europe, civil and industrial infrastructure require increased inspection and monitoring to reduce the risk of accidents and to comply with legislation. Emerging markets such as Asia, LatAm, Africa and the Middle East, need to invest in infrastructure to be able to continue to grow; these are markets where Applus+ has a significant presence."
About Applus+ Group
Applus+ is one of the world’s leading and most innovative companies in the Testing, Inspection and Certification sector. It provides solutions for customers in all types of industries to ensure that their assets and products meet quality, health & safety and environmental standards and regulations.
Headquartered in Barcelona, Spain, Applus+ operates in more than 70 countries and employs 18,700 people. Applus+ operates through four global divisions, all of which operate under the Applus+ brand name. For the full year of 2015, Applus+ recorded revenue of €1,702 million and adjusted operating profit of €162.2 million.
Applus+ is listed on the Barcelona, Bilbao, Madrid and Valencia stock exchanges. The total number of shares is 130,016,755.