2023 UNIVERSAL REGISTRATION DOCUMENT

Key data

COBRA IS

REVENUE

(in €m)

2022: €5,520m 2023: €6,495m

EBITDA(1)

(in €m and as a percentage of revenue)

2022: €509m, 9.2% 2023: €627m, 9.6%

OPERATING INCOMEFROM ORDINARY ACTIVITIES

(in €m and as a percentage of revenue)

2022: €411m, 7.4% 2023: €490m, 7.5%

NET INCOME ATTRIBUTABLE TO OWNERS OF THE PARENT

(in €m)

2022: €218m 2023: €262m

NET FINANCIAL SURPLUS(2)

(in €m)

2022: €404m 2023: €403m

CAPITAL EMPLOYED(2)

(in €m)

2022: €4,536m 2023: €4,756m

REVENUE BY BUSINESS ACTIVITY

(as a percentage)

Networks: 18% Facilities: 28% Control systems: 17% EPC(*) Projets: 37%

REVENUE BY GEOGRAPHICAL AREA

(as a percentage)

Spain: 44% Latin America: 33% Germany: 6% Portugal: 3% Africa: 2% Middle East: 3% Rest of the world: 9%

(1) Cash flow from operations before tax and financing costs. See glossary (page 422).

(2) At 31 December 2023.

(*) Engineering, Procurement and Construction.