Ukusuka ekubeni yenye yezithsaba zesithsaba ukuya ekuxabiseni ngokungabalulekanga kwaphela kwimarike yemasheya. Olu luphononongo luka-Abengoa lwale minyaka idlulileyo kwiimarike ze-equity. Imkile ekubeni yenye yezokhuseleko kunye nevolumu yokuthengisa ephezulu ukuba idweliswe kumanqanaba ee-euro ezingama-0,20 isabelo ngasinye. Abatyalomali abancinci nabaphakathi abathathe izikhundla kwistokhwe kwisitokhwe ezimbalwa ezidlulileyo baya kufumanisa ukuba balahlekile phantse kuyo yonke imali abayigcinileyo. Ukuya kwinqanaba lokuba nangaliphi na ixesha inokushiya imarike yaseSpain eqhubekayo.
Kwiminyaka emihlanu edlulileyo yayisesinye sezitokhwe kunye nolona qikelelo lukhulu kwiimarike zezabelo. Ngapha koko, ibiyenye yeenketho ezicacileyo zokuhlaziya ixabiso eliyinkunzi elikhoyo kolu hlobo lomsebenzi. Kwi-uptrend engakhange inikeze naluphi na uhlobo lwamathandabuzo kubatyali mali. Kwijelo lokunyusa elimthabileyo ukuya kuthi ga kwi-5 okanye kwi-euro nganye ngesabelo ngasinye Kwaye nokuba kudweliswe kwisalathiso esikhethiweyo sezabelo zaseSpain, i-Ibex 35. Phakathi kwezona zinto zixabisekileyo kakhulu kwiinkampani zaseSpain kwaye zinika ukhuseleko oluninzi kubasindisi baseSpain.
I-Abengoa yinkampani yezizwe ngezizwe yaseSpain ekhethekileyo kwicandelo lezamandla kunye nokusingqongileyo, evelisa umbane ovela kwizixhobo ezinokuhlaziywa. Kodwa oku kancinci kancinci kuphulukene nokuzithemba kweemarike zezemali de kube kufikelela kwinqanaba langoku kwixabiso lalo. Ukuba, nangayiphi na imeko, yenye yezindululo eye yehla kakhulu kwimarike yemasheya xa ilahlekelwe ngaphezulu kwe-100% yexabiso layo leencwadi. Ngaphandle kwayo yonke into, iyaqhubeka nokudweliswa kwiimarike ze-equity kwaye sisihloko sokuthengwa okuthelekelelwayo kunye nokuthengiswa kwabatyali mali abancinci nabaphakathi kunye nenani labanye abameli bezemali.
Abengoa, yintoni enokwenziwa?
Ngenxa yamaxabiso asezantsi ekubhalwe kuwo olu khuseleko, baninzi abatyali mali abanokucinga ngokungena kwizikhundla zabo ukuze benze igalelo labo lemali libe yinzuzo. Kunjalo ayilunganga ukhetho lotyalo-mali kuba izabelo zabo azinakuthathwa njengexabiso eliphantsi. Akukho nto ingaphantsi kuba inokubakho ekuqhubekeni nokusika amaxabiso ukusuka ngoku. Ngaphantsi kwendlela esezantsi ngokucacileyo, ayinakugwetywa ukuba kule mihla ilandelayo inokuya kutyelela amanqanaba e-0,15 euros okanye iphantsi ngexabiso layo. Uxinzelelo lokuthengisa lubekwa ngokucacileyo kumthengi.
Ngelixa kwelinye icala, ukwehla kwevolumu yesivumelwano kuyaphawulwa. Ngaphaya kolunye uthotho lokuqwalaselwa kobuchwephesha kwaye mhlawumbi nakwindawo yokujonga izinto ezisisiseko. Kule meko, umngcipheko wokuthatha izikhundla mkhulu kwaye kuyacetyiswa ukuba uthengise kunokuthenga. Phakathi kwezinye izizathu kuba unokulahlekelwa ngaphezulu kunokuhlawula ngoku. Kwaye akunakulindeleka ukuba le meko itshintshe kwiinyanga ezizayo. Ukuba akunjalo, ngokuchaseneyo, inokuba mandundu, Ukurhweba kula manqanaba asezantsi kakhulu.
Ayenzelwanga imisebenzi yokuqikelela
Ewe imisebenzi ka-Abengoa ayilulanga okwangoku. Nokuba yeyorhwebo ukusukela oko umngcipheko uphezulu kunalo naluphi na olunye ukhuseleko kwamashishini ezabelo zamazwe Apho izinto ezothusayo ezintsha ngexabiso azikhutshelwa ngaphandle ezinokuthatha zide zihambe ukusuka kwinqanaba lakho lamaxabiso. Ke ngoko, akukho khetho ngaphandle kokuyeka ukwenza naluphi na uhlobo lomsebenzi, nditsho nkqu nolo luqikelelo. Ayilolize, ukuba ushiye i-euro ezininzi endleleni ngenxa yesimo sayo esibuthathaka kwicandelo lobugcisa.
Kwelinye icala, u-Abengoa ubonelela ngamathandabuzo amaninzi kwindawo yokujonga ngokubonisa i sika kwimigca yeshishini lakho. Emva nje kokubhengeza ukudalwa kwemisebenzi engaphezulu kwe-1.700 kwisiqingatha sokuqala sonyaka. Ewe, ezi ndaba aziboniswanga kulungelelwaniso lwamaxabiso kwinkampani yaseSevillian. Ukuba akunjalo ngokuchaseneyo, iqhubekile nokuwa ngamandla athile kwiimarike zezemali. Ngenzala encinci evela kubatyali mali abancinci nabaphakathi, banembalwa kakhulu imisebenzi yotyalo mali.
Ipotifoliyo yeprojekthi ye-1.900 yezigidi
Olunye lweempawu zalo ezifanelekileyo kukuba iipotifoliyo yeeprojekthi ezinikezelwe kwinkampani yaseSevillian zikufutshane ne-1.900 yezigidi zeerandi kulo nyaka. Nangona iphantsi kakhulu kweeparameter apho umsebenzi wayo ubaluleke kakhulu, kwinqanaba lesizwe nangaphandle kwemida yethu. Ukuza kuthi ga ngoku ukuzithemba phakathi kwabatyali mali abancinci naphakathi akusebenzi. Kwaye oku kubonakala kwiintengiso ezimbalwa abazenzayo kwiimarike ze-equity. Ukuba lolunye lwezokhuseleko kunye nokutshintshiselana okuncinci kwizihloko zazo kuzo zonke iiseshoni zokurhweba.
Ngelixa kwelinye icala, ayiyonxalenye yayo nayiphi na iiphothifoliyo zezokhuseleko esele zilungisiwe ziiarhente zezemali. Nokuba ukubeka esweni kwabo, okwenza kube nzima kubatyali mali ukuba babenedatha ukuze bakwazi ukwenza isigqibo ngexabiso ukusukela ngoku. Ewe kunjalo, ayiloxabiso elicetyiswayo ukubakho kwipotifoliyo yakho kwiinyanga okanye kwiminyaka ezayo. Kubhetele ukuyishiya apho ikhoyo okwangoku kuba kunokwenziwa kancinci kwizikhundla zayo.
Ukuguquguquka okuphezulu kumaxabiso abo
Kwelinye icala, into engatshintshanga kukungazinzi okuphezulu amaxabiso abo abonisa phantse yonke imihla. Umahluko ophakame kakhulu phakathi kwamaxabiso aphezulu kunye neyona isezantsi kwaye unokufikelela kumanqanaba angaphezulu kwe-6% okanye nangaphezulu kancinci ngamanye amaxesha. Kodwa rhoqo ngokuhla okuvaliweyo kumaxabiso ayo okurhoxisa nasiphi na isicwangciso sotyalo-mali esinokwenziwa ukususela ngoku ukuya phambili. Ayiloxabiso kuyo nayiphi na iprofayili kubatyali mali abancinci nabaphakathi, nkqu nakwezona ntelekelelo. Ngazo zonke izinto ezingalunganga zexabiso elingaphantsi kweyunithi yeyuro.
Kufuneka kwakhona kukhunjulwe ukuba ezi ntlobo zokhuseleko zinzima kakhulu ukusebenza nazo ngenxa yeempawu zazo ezizodwa. Kunzima kakhulu ukufumana imbuyekezo ekusebenzeni njengoko zisetyenziswa kakhulu zizandla ezomeleleyo zeemarike zezabelo. Apho abathengisi abancinci banakho konke ukuphulukana nabo xa bevula izikhundla kule nkampani. Ngaphandle kwesikhundla sayo seshishini kwaye kwelinye icala ayisiyiyo enqwenelekayo kulo naluphi na uhlobo lokuthengisa kwimarike yemasheya. Emva kokurhweba ngenxalenye elungileyo yobomi bakhe ngaphezulu kwe-euro ezingama-3 isabelo.
Kule meko ngokubanzi, akukho nto ingako inokuthiwa ngale nkampani idwelisiweyo ngaphandle komngcipheko obandakanyekayo ekusebenzeni kwayo kwaye ekufuneka iphinde igxininiswe. Ukuze ngale ndlela, ungabinakho ukwethuka okusha kwiinyanga ezizayo okanye kwiminyaka. Nokuba ungayenzi imisebenzi ethile kuba ingeniso iya kuba nzima kakhulu ukuba ungayifumana, ngendlela obungathanda ngayo okwangoku. Akumangalisi ukuba unamanye amaxabiso anokwanelisa ngakumbi ukukhusela umdla wakho kwimarike yemasheya, leyo, emva kwayo yonke loo nto, ingantoni kwilizwe elisoloko linzima lemali. Apho kuya kufuneka ujonge ukulingana okuchanekileyo phakathi kwenzuzo kunye nomngcipheko.
Iziphumo zeshishini kwikota
I-Abengoa, inkampani yamanye amazwe esebenzisa izisombululo zobuchwephesha ezintsha kuphuhliso oluzinzileyo kwi iziseko zophuhliso, amandla kunye namacandelo amanzi, ipapashe iziphumo zayo zezemali kwikota yokuqala yowama-2019. Enye yezona zinto zibalulekileyo kulawulo lwe-Abengoa kukhuseleko emsebenzini. Ngale ndlela, ngexesha leenyanga ezintathu zokuqala zika-2019 inkampani iqhubekile ngokuphucula izalathi ezine-Low Frequency Index (IFCB) ye-3,1, inkqubela phambili ebalulekileyo kwindlela yokufikelela kwinjongo yeZingozi Zero.
Ngexesha lekota yokuqala, u-Abengoa urekhode i-EBITDA ye-46 yezigidi zeerandi, ukunyuka kwe-7% xa kuthelekiswa nelo xesha linye ngo-2018. Ukonyuka kwe-EBITDA kucaciswa ikakhulu kukungena kokusebenza kweprojekthi ye-A3T, ukuncitshiswa kwenkcitho ngokubanzi kunye inzuzo ephezulu yeeprojekthi zonikezelo. Ukuthengisa kufikelele kwi-330 yezigidi ze-euro, ukwanda kwe-10% xa kuthelekiswa noMatshi 2018.
I-Abengoa iyaqhubeka nokwenza iinzame ezibonakalayo zokunciphisa iindleko ngokubanzi ngendlela enoxanduva kwezentlalo. Kwikota yokuqala, ezi ndleko bezimi kwizigidi ezili-16 zeerandi, ukuncitshiswa kwe-16% xa kuthelekiswa ne-19 yezigidi ngo-Matshi 2018. Iziphumo zomnatha zirekhodile ilahleko (ye-144) yezigidi zeerandi, ikakhulu ngenxa yeendleko zezemali kunye nefuthe lokwahluka kwezinga lokutshintsha kwe-USD / EUR. Xa kuthelekiswa nekota yokuqala yonyaka ophelileyo, ukuncitshiswa kwesiphumo kungenxa yokuba kwi-2018 bekukho iziphumo ezilungileyo ezivela kwintengiso yeAtlantica Yield. Ukuthengisa kufikelele kwi-330 yezigidi ze-euro, ukwanda kwe-10% xa kuthelekiswa noMatshi 2018.