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MARTI.LS on Lisbon Stock Exchange

2 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Martifer H1 net loss narrows to 3.2 mln euros
Friday, 26 Aug 2016 02:41am EDT 

Martifer SGPS SA : Reported on Thursday H1 revenue of 106.8 million euros ($120.7 million) versus 134.4 million euros year ago . H1 net loss 3.2 million euros versus loss 8.5 million euros year ago . H1 EBITDA 4.4 million euros versus 8.8 million euros year ago .Order book in metallic constructions registered a year-to-date growth to 269 million euros.  Full Article

Voltalia in advanced talks to buy Martifer Solar
Monday, 20 Jun 2016 12:06pm EDT 

Voltalia SA : Advanced talks for the acquisition of Martifer Solar , a solar PV company .Acquisition price, amounting to 9 million euros ($10.19 million), would be entirely self-financed in cash.  Full Article

Martifer in talks with Voltalia to sell its 55 pct in Martifer Solar
Monday, 20 Jun 2016 12:04pm EDT 

Martifer SA : Says is in advanced talks with Voltalia for the sale of 55 percent share in Martifer Solar . Voltalia intends to buy 100 percent of Martifer Solar excluding its US entities .Final agreement and effective transaction should close in the third quarter of 2016.  Full Article

Martifer Q1 net loss narrows to 0.6 million euros
Wednesday, 25 May 2016 12:58pm EDT 

Martifer SGPS SA : Q1 net loss 0.6 million euros ($669,240) versus loss 2.7 million euros year ago . Q1 EBITDA 2.0 million euros versus 5.4 million euros year ago . Q1 operating revenue 49.0 million euros versus 63.5 million euros year ago . Says order book in construction of 299 million euros at end of March .Says net debt of 240 million euros at end of March, down by 20 million euros versus at end of Dec. 2015.  Full Article

Martifer SGPS SA reaches financial restructuring agreement
Sunday, 20 Dec 2015 02:52pm EST 

Martifer SGPS SA:It reached an agreement with group of creditor financial institutions for restructuring of financial debt in the holding and in construction segment perimeter.Said global amount of financing to be restructured reaches around 260 million euros, which corresponds to around 85 pct of Martifer Group's gross consolidated financial debt on Sept. 30.The agreement envisages pursuance of plan for divestment in non-core businesses and real estate assets.  Full Article

Martifer SGPS SA divests two construction units in Brazil
Saturday, 24 Oct 2015 08:10am EDT 

Martifer SGPS SA:Announced that it had reached an agreement with a group of investors to divest its Brazilian construction units Martifer Construcoes Brasil Ltda and Martifer Aluminios Brasil Ltda.Disposal of all of its shares and transfer of responsibilities in two Brazilian subsidiaries follows Group's restructuring plan.Said it would continue to be present in Brazil in the renewable energy segment.  Full Article

EDP Renovaveis SA to buy 216 MW in wind energy licenses from Galp Energia SGPS SA and Martifer SGPS SA consortium
Wednesday, 7 Oct 2015 12:00pm EDT 

EDP Renovaveis SA:Signs agreement to acquire licenses for 216 MW of wind energy in Portugal.Agreement is with Ventinveste, consortium led by Galp Energia SGPS SA and Martifer SGSP SA for buy of group of SPVs, holding total of 216.4 MW of wind energy capacity.Price for purchase of licenses for 216 MW of wind energy is about 17 million euros.Commissioning and beginning of operations of acquired new wind farms is expected to occur through 2018.  Full Article

Martifer SGPS SA's unit wins contract from Portuguese Navy in consortium
Wednesday, 22 Jul 2015 12:42pm EDT 

Martifer SGPS SA:Announced that its wholly-owned unit WEST SEA Estaleiros Navais Lda, in consortium with EDISOFT SA, had won contract for construction of two offshore patrol vessels for the Portuguese Navy.Net contract value of 77 million euros.WEST SEA - Estaleiros Navais Lda holds 83.64 percent share in the consortium.  Full Article

Martifer SGPS SA announces new CFO
Tuesday, 6 Jan 2015 03:06pm EST 

Martifer SGPS SA:Announced on Tuesday the resignation of Mario Rui Rodrigues Matias as member of the Board of Directors.Approved the appointment of Pedro Nuno Cardoso Abreu Moreira for Chief Financial Officer (CFO) and capital market representative.  Full Article