Martifer’s consolidated revenues reached €901,9 Mn in Full Year 2008, representing an increase of 74% when compared with 2007 and a CAGR of 82% over the last 3 years. Consolidated EBITDA grew 81% to €67,1 Mn corresponding to a CAGR of 63% over last 3 years. Consolidated net earnings reached €7,7 Mn, reflecting the strong depreciations and resulting from strong investments in the past 2 years. Adjusted Consolidated net earnings reached €5,3 Mn.

The Metallic Constructions business area fully achieved its objectives for 2008, with €323,6 Mn revenues and an EBITDA growth of 20% to €34,7 Mn. This performance is the result of a geographical expansion strategy (Romania, Ireland and Angola) and the focus of more complex and added value projects.

Energy Systems presented €313,5 Mn revenues and €26,4 Mn EBITDA, representing a strong growth when compared to 2007 (respectively +176% and +168%). In 2008 it completed all industrial units as scheduled, both in the wind power cluster and the photovoltaic plant. Electricity Generation followed its investment plan in wind farms and solar parks as planned, with an investment of €140 Mn in 2008, namely in Spain, Poland, Romania, Brazil and Portugal.

With €268,3 Mn revenues and €5,4 Mn EBITDA, Agriculture and Biofuels performance was affected by external factors, namely biodiesel regulation in Portugal and strong volatility of raw materials prices, biodiesel prices and exchange rates.