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Acciona
Acciona (ANA) investor relations material
Acciona Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q1 2026 earnings summary7 May, 2026
Executive summary
Q1 2026 performance aligned with annual outlook, supported by higher international energy prices and increased output from new assets, despite low Spanish market prices in February.
Asset rotation advanced as planned; Nordex showed strong volume and profitability; new water contract signed in Brazil post-quarter.
No significant operational disruptions from Middle East conflict; geopolitical environment reinforces renewable energy strategy.
2026 targets reaffirmed: EBITDA €2,800–3,100M, investment cash flow €2,200–2,500M, net debt/EBITDA below 3x.
Financial highlights
Nordex Q1 revenues up 10.6% YoY to €1,588M; EBITDA margin rose to 8.2% (+270 bps YoY); net cash €1,518M.
ACCIONA Energía Q1 consolidated output up 3.1% YoY; average price €54.6/MWh, down 24.1% YoY.
Infrastructure aggregate backlog at €120,867M (+1.1% vs Dec 2025); global backlog €28,499M (-2.8%).
Net ordinary capex ~€300M in Q1; liquidity at €9,700M as of March 2026.
Outlook and guidance
2026 EBITDA target: €2,800–3,100M (of which ~€1,200M from Energía); investment cash flow €2,200–2,500M.
Net debt/EBITDA to remain below 3x by year-end.
Energía expects ~26 TWh production and maintains net debt target below €3,000M.
Nordex guidance: revenues €8,200–9,000M, EBITDA margin 8–11%, capex ~€200M.
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Next Acciona earnings date
Q2 202631 Jul, 2026
Acciona
Next Acciona earnings date
Q2 202631 Jul, 2026
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