01 President's letter

We will continue to transform and adapt SENER to better serve our clients and the community every day by developing engineering solutions that are always advanced, accurate and efficient. And we will also respond decisively to the commitment, drive and vocation of our shareholders, managers and professionals.

SENER’s vocation, reflected in the wording of its Mission as “a reference for its firm commitment to excellence in engineering and innovation,” entails concerted efforts in investment in R&D, in innovation to safeguard our position as a benchmark.

Jorge Sendagorta Gomendio
President of SENER Group

02 CEO's
letter

We are currently enjoying a good cash situation which, coupled with the enormous potential of our people, will enable us to once again re-invent SENER, and to continue to make investments that will lead us to even more prominent positions within the engineering sector.

We face the unique and exciting challenge of developing SENER, of making SENER even better. SENER is all about team work.

Jorge Unda Malcorra
CEO of SENER Group

03 A look through 2018

EVOLUTION
AS AN OBJECTIVE

Revenue
Thousand euros

-22,3 %

EBITDA
Thousand euros

22,5 %

Total assets
Thousand euros

-9 %

Revenues
by geography

A record year for SENER in Concentrated Solar Power (CSP)

5550 MW
of clean energy

put into operation

More than 1 billion euros invested in thermosolar projects

Projects in
47 countries

04 A company of value

PROJECTING
THE FUTURE

AEROESPACE

The consolidation of all Space activities, the strengthening of our division in Poland, the significant push that is expected to materialize from the Defense wing, and SENER’s entry into the largest satellite constellations are just some of the upcoming major challenges for SENER Aerospace to overcome.

INFRAESTRUCTURES

For another year running, SENER has met its target of increasing the number of projects in regions where it has a permanent base. In addition, in 2018 SENER continued to offer the market a range of technologically unique products.

ENERGY

In the short term, aside from offering innovative engineering services and technological packages (as part of our new product approach), some of our prospects will depend on us seizing opportunities in new areas such as offshore wind power, energy storage or hybridization, or the implementation of fast power projects or floating solutions (power barge).

MARINE

SENER has contributed to the consolidation of FORAN as a leading system within the field of military shipbuilding, in addition to having increased its use among the new users who were brought on board during 2018. The latest version released, v80r3.0, together with the development of its own concept Astillero 4.0, have helped FORAN to maintain its key role in the digital evolution of the sector.

05 Driven by
innovation

ACCOMPLISHING
THE NEXT IMPOSSIBLE


Allocated resources in R&D: 21.2 million euros

SENER forged ahead with technological developments for solar thermal power plants, the implementation of the BIM (Building Information Modeling) methodology, in the research of  new propulsion systems for satellites and dedication to digitization has been intensified through the development of Shipyard 4.0.


External awards for innovation

2017/2018 Ones to
Watch List de European
Business Awards

‘Innovative Technology of
the Year’ category of the
African Utility Week awards

Award for Excellence in the
aerospace sector from the Avion
Revue publication Technological

Revolution Award, as part of
the Deia newspaper’s
Innovation Awards

06 A focus on people

WE ARE UNSTOPPABLE
BY YOUR SIDE

2,308
Workforce

41,921
training hours

1,170
courses

Communication

5,150 media appearances
and an adverstising value
equivalent of 15.5 million euros

823,732
web traffic

60000
Linkedin followers

07 We are commitment

LOCAL FOCUS,
GLOBAL LEGACY

Value provided (thousand euros)


Gross margin from continuing
operations
265.792
Distributable added value from
continuing operations
184.726
Social contribution from
continuing operation
186.311

Prize for the best doctoral thesis in
engineering for work submitted in 2017

08 2018 Figures

SHARING
SUCCESSES


The Group recorded a result before taxes totalling €29.2 million at the end of 2018 compared to the result before tax of the previous year which amounted to €22.9 million. This confirms the positive development of the business.

The improvement of ITP’s sales operation in 2017 generated a significant inflow of resources that has favoured the development of the core activity of Engineering and Systems, as well as the Renewable Investments area, strengthening the Group’s positioning in innovation, technological differentiation, internationalisation and investment.


SENER in the world

SENER IN THE WORLD