Annual Report 2014 - GPO Group · 2019-08-07 · Calle 39 nº 26 a 06, 3r piso Bogotá Tel. (+57)...

Annual Report 2014

a step forward

2. GPO Group | Annual Report 2014 GPO Group | Annual Report 2014 3.

Brasilandia Station, Line 6 of the Sao Paulo Metro, Brazil.Detailed Design: SISTRAN (GPO Group)

GPO Group is a global company with local nature that offers consulting services related to transport infrastructure, railway systems, construction, automotive industry, environment, industry and energy. Its origins date back to 1985 when the company Gestión de Proyectos y Obras was created.

As a group that is committed to progress, we are interested in contributing to improving the environment of the countries where we operate. Our philosophy is based on applying the knowledge and experience acquired in the last three decades to our works and on offering our clients effective solutions that meet their needs by using top-notch technologies.

With permanent presence in Spain, Brazil, the United States, Colombia, Peru, China and India, GPO Group holds a portfolio of projects that were carried out in more than 20 countries.

GPO Group is a multi-disciplinary Architecture and Engineering group with global presence and local nature

EngineeringArchitecture


WATER & ENVIRONMENTBUILDING INDUSTRY & ENERGY

India

China

South Korea

Delhi

Hong Kong

Shanghai

23 M€TURNOVER

35 M€ PROJECT PORTFOLIO

309STAFF

Offices

Business Representation Offices

Projects

GEOGRAPHICAL DISTRIBUTION OF STAFF

Spain52%BraZil

41%

Colombia 5%

USA1%

Peru1%

INVOICING BY GEOGRAPHICAL AREAS

Other3%

USA & Canada2%

Brazil59%

Spain 33%

Colombia & Peru2%

Canada

Guinea

Argentina

Turkey

Mozambique

Czech Republic

Portugal

Holland

BRAZIL

USA

PERU

COLOMBIA

SPAIN

Main Data of 2014

Qatar

Aruba

Panama

Honduras

TRANSPORTATION RAILWAY SYSTEMSAUTOMOTIVE INDUSTRYTEST FACILITY ENGINEERING


D-HUB Museum, Barcelona, Spain. Works Supervision: GPO Ingeniería y Arquitectura (GPO Group)

Alvaro PalaoPresident

Xavier MontobbioCEO

Ramón RabellVice President

WE ARE GLOBAL THINKING AS LOCALS

Since our 30th anniversary is just around the corner, we are proud of the transformation experienced by our company in the last few years and of the grounds set forth to become a global and benchmark engineering company for our clients.

Brazil, North America and Spain have been three axles providing the backbone of GPO’s activities during 2014. We have increased our income and grown with major projects, such as the design of different stretches of the Highway 407 ETR in Canada, which is at the moment the world’s biggest infrastructure under concession, or the new Line 6 of São Paulo’s Metro in Brazil. The consolidation of these three markets, so important for our group, has been accompanied by a bet to continue growing in countries where transport infrastructure could be the driver of growth in the next few years, such as Colombia and Peru, and where GPO Group has presence already.

2014 has been a year of changes and new incorporations. We have modified our name to become GPO Group, encouraged by the company transformation that we have been undergoing in the last few years, creating or incorporating consulting, engineering and architecture companies, which act under different brands, depending on the country or area where they operate. Around midyear, we added the Spanish company Ingeniería de Transportes y Trenes (2IT) to our group.

2IT’s specialisation in railway consulting, beyond infrastructure design, has enabled us to take a leap in terms of quality and quantity within the area and will be essential in the years to come, since we are convinced that we can offer our clients a comprehensive service that covers the infrastructure’s whole life cycle.

Our future rests on remaining close to our clients, continuing with our effort of the last few years to enlarge the company, and following the plan we have set to grow in new markets and sectors. We want to be global, thinking as locals.


Annual Report 2014

CORPORATE AREA

GPO Group Companies

Corporate Government

Management Team

Strategy and Operations

People

Corporate Social Responsibility

GPO Group 30 Years

PROJECTS

Transportation

Automotive

Railway Systems

Planning

Architecture

FINANCIAL REPORT

Consolidated Balance Sheet

Income Statement

TO BE TO CREATE TO MANAGE

Index


Corporate Area

TO BEAt GPO Group we crossed frontiers to start an internationalization process that opened the way towards new markets and specialization areas, extending our service offer and allowing us to provide high-quality services and provisions.

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GPO Group Companies


Management Team


People


GPO Group 30 Years

Road C-37, Bracons Tunnel. Barcelona, Spain. Works Supervision: GPO Ingeniería y Arquitectura (GPO Group)


TO BE | CORPORATE AREAGPO Group Companies

Extension of the Barcelona Container Terminal, Spain. Works Supervision: GPO Ingeniería y Arquitectura (GPO Group)

Corporate Area

GPO Group CompaniesSince 2014, GPO Group’s company structure is that of a holding that depends on a head office, which conforms the Group’s Board. Each of these companies operates in its local market, but they also cover international projects, depending on their area of expertise.

In Spain, we operate GPO Ingeniería y Arquitectura, S.L.U in Barcelona and Ingeniería de Instalaciones y Trenes, S.L.U. (2IT) in Madrid, with technical personnel distributed throughout the national territory.

In America, the Group has Transitworks Ltd for operations within North America (USA and Canada), based in Irvine (Los Angeles, California); SISTRAN

Engenharia, S.L. with the main office located in São Paulo (Brazil) and offices in Belem and Maceió; GPO Colombia, S.A.S. based in Bogotá; and GPO Ingeniería, S.A.C. based in Lima (Peru).

Since 2014 and focusing its activity on the automotive industry, GPO Group has representative offices in India, based in New Delhi, and in China with offices in Hong Kong and Shanghai.

In addition, GPO Group holds international agreements with companies of the engineering and architecture area, which allows them to operate practically in any country in the world.

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EUA

Transitworks Ltd

Spain

Ingeniería de Instalaciones y Trenes, S.L.U.

Brazil

SISTRAN Engenharia, S.L.

Perú

Peru

GPO Ingeniería, S.A.C.

Colombia

GPO Colombia, S.A.S.

Spain

GPO Ingeniería y Arquitectura, S.L.U.

IngenieríaArquitectura

GPO Group, S.A.


TO BE | CORPORATE AREACorporate Government

Management Committee

MR. JAVIER BESPÍN General Director Europe

Road, Canal and Port Engineer graduated at the Polytechnic University of Catalonia and MBA in Management Development from the IESE. General Director of GPO Ingeniería y Arquitectura, S.L.U. since 2013.

MR. ALEJANDRO MOSQUERA General Director South America

PhD in road, canal and port engineering graduated at the University of A Coruña. Since 2013, he acts professionally as General Director of SISTRAN, Brazilian subsidiary of GPO Group.

MR. JOAN VERBÓN General Director North America

Geology engineer from the University of Catalonia and MBA from the ESADE. He has been settled in the United States as Principal of Transitworks, NorthAmerican subsidiary of GPO Group, since 2010.

MRS. Mª TERESA SABATÉDirectora Financiera

Graduated in Business Sciences at the University of Barcelona, holds an MBA in Financial Management issued by EADA and a degree in a Management Development Programme from the IESE. GPO Group’s CFO since 2011.

The Board of Directors is the supervisory and control body of the Group’s activity, with exclusive faculties, among other decision-making powers, for policies and general strategies of the group, including those related to Corporate Governance, Corporate Responsibility and strategic investments.

The Management Committee is in charge of managing the group and implementing its strategy and is responsible for reaching goals and results. The group divides its management into geographical areas and performs common transverse services that depend on this committee.

Corporate Area


MR. EMILI VIDALMember

Industrial engineer and holding a degree in business administration from the University of Barcelona. Founding partner of GPO Ingeniería, S.A.

MR. ANTONI ABADMember

Degree in Business Sciences and MBA from ESADE Business School. President of the Catalan employers’ organization CECOT.

MR. JAVIER GONZÁLEZMember

PhD in mechanical industrial engineering and holding an MBA in Business Administration, among others. 2IT’s General Director, President of the Spanish Maintenance Association (AEM) and Associate Professor at UNED and UPM universities.

MR. JORDI SALVATELLAMember

Degree in Psychology graduated at the University of Barcelona. In charge of Institutional Relations at Lundbeck España, S.A.

MR. ÀNGEL LACAMBRA Secretary

Degree in Law and Economy from the University of Barcelona. Auditor and member of the General Council of Economists.

Board of DirectorsMR. ÁLVARO PALAO President

Road, Canal and Port Engineer graduated at the University of Santander. Founding Partner of GPO Ingeniería, S.A. and GPO Group’s President since 2011.

MR. XAVIER MONTOBBIO CEO

Road, Canal and Port Engineer graduated at the Polytechnic University of Catalonia. GPO Group’s CEO since 2011.

MR. RAMON RABELL Vice-president

Road, Canal and Port Engineer graduated at the Polytechnic University of Catalonia. GPO Group’s Vice-president since 2011.

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TO BE | CORPORATE AREAManagement Team

Line 5 of the Sao Paulo Metro, Brazil.Preliminary Design: SISTRAN (GPO Group)

Corporate Area

Management Team

JAVIER BESPÍNDirector

Aragón 390 5ª planta08013 BarcelonaTel. (+34) 932 470 069Email [email protected]

JAVIER GONZALEZDirector

Av. Nazaret, 3 28009 MadridTel. (+34) 914 094 594Email [email protected]

JAIME WAISMANCLAUDIO MACEDOGABRIEL FERIANCICALEJANDRO MOSQUERAManagement

Rua Santa Isabel, 160 – 3º andar CEP 01221-010 – São PauloTel. (+55) 11 3333-2125Email [email protected]

JOAN VERBONPrincipal

1400 Quail Str. Suite 255 Newport Beach, CA, 92660Tel. (+1) 949-387-0610Email [email protected]

FREDDY J. LÓPEZGeneral Manager

Calle 39 nº 26 a 06, 3r piso BogotáTel. (+57) 300 329 80 94Email [email protected]

IGNACIO ESPIÑEIRAGeneral Manager

Avenida José Pardo, núm. 223. Piso 4 Lima 18 – Miraflores – LIMATel. (+51) 1 444-3663Email iespiñ[email protected]

Perú

IngenieríaArquitectura

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TO BE | CORPORATE AREAStrategy and Operations

Zaragoza Tram, Spain.Commissioning: 2iT (GPO Group)

This new acquisition allows us to cover the integral life cycle of railway transport: not only do we participate in planning and designing the infrastructure, but we also provide consulting services in rolling stock, systems, commissioning of new lines, maintenance management, training operation personnel and auditing the safety of the different components.

Apart from this activity, completely transverse to the rest of the group’s companies, 2IT has provided new geographical markets to operate, such as Argentina, Qatar or Turkey, where we have been working this year.

The year 2014 has entailed a step higher towards positioning GPO Group within the international scope and has been the year in which the group was restructured to meet the challenges awaiting in the future.

The new structure is led by the GPO Group holding and encompasses each of the companies that, during the last few years, have joined the group either being set up or through acquisition. The consolidation of the brand GPO as a group of consulting companies related to transport, architecture, industry and environment allows us to unite teams that represent us in different countries.

The incorporation of the company Ingeniería de Instalaciones y Trenes (2IT) to this new structure is, without a doubt, the Group’s most significant event in 2014. With a deeply consolidated international portfolio and a catalogue of railway services fully complementing our activities, 2IT has reinforced GPO’s core business within the transport consulting area.

Corporate Area


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The year 2014 has also entailed the consolidation and growth of the group’s companies, mainly in South America. SISTRAN, Brazilian subsidiary based in Sao Paulo, has met its expansion goals in the country by opening new offices in Belem and Maceió, and has considerably increased its income, thus consolidating a stable portfolio in the transport and automotive sector. The group is specially proud of the R+D projects generated by SISTRAN, taking advantage of the possibilities new technologies offer, such as BIG DATA, to re-invent mobility studies related to collective transport and providing them with a power and reliability unthinkable with the use of traditional methodology.

GPO Colombia has been another of the group’s strong bets in 2014. The Colombian subsidiary has begun its second year of life with great strength, and we have achieved a stable structure composed by a solid and diverse portfolio of future projects.

We have also taken advantage of the 2014 to continue planning the future of the group. Based on our strategic plan, we are after those markets we want to strengthen in 2015. In this regard, we continue betting for the American continent as the Group’s main driving force of growth, investing in countries where our presence is already significant, such as Brazil, Colombia or Peru, and expecting an important qualitative leap in an important market such as North America.

TO BE | CORPORATE AREAStrategy and Operations

Corporate Area


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To create real value to society through solutions tailored to the needs of our public andprivate clients

Mission

To offer innovative products and global service with local,

community-based knowledge

Vision

TO BE | CORPORATE AREAPeople

Author: Martí Llorens Source: Barcelona d'Infraestructures Municipals, S.A. (BIMSA)

Corporate Area

PeopleThe human capital composing GPO Group includes more than 300 people distributed in five countries.

In the countries where we are present different cultures and ways of working are merged, aspects that allow us to share new work methodologies and provide greater value to our projects, since people are our greatest assets.

As to qualifications, 65% of GPO Group members hold higher-education degrees and 25%, technical degrees.

Gender equality is still one of our priorities and one of the main values of the organisation. Therefore, we strive for equal opportunities for men and women. The distribution is: 68% men and 32% women.

Client | To fulfil the client’s needs and expectations, guaranteeing full satisfaction, fidelity and trust.

Contracts | To sign contracts based on reciprocity, which would favour on-going improvement of processes.

People | To value people, encouraging continuous training, preserving their safety and health, and seeking continuous quality improvement.

Ethics | To behave ethically, respecting everyone’s integrity and dignity.

Social Responsibility | To preserve the environment in all actions, and stimulate the keys in the social field.

Processes | To have proactive attitudes with innovating solutions that assure on-going improvement of processes.

Results | To generate positive results that allow for sustainable growth within a competitive market.

Legislation | To observe integrally and enforce all legal obligations and relevant regulations in effect.

Independence | To be an independent company made up of construction groups, financial groups, etc. which allow us to perform our job without any conditions.

GEOGRAPHICAL DISTRIBUTION OF STAFF GENDER DISTRIBUTION OF STAFF

Men68%

Women 32%

Spain52%Brazil

41%

Colombia 5%

USA1%

Peru1%

Values

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TO BE | CORPORATE AREACorporate Social Responsibility

Corporate Area


GPO Group is deeply committed to social actions that contribute to improving the professional, personal and academic growth and well-being of all its members. We value people, encouraging their training, preserving their safety and health and aiming at continuous quality improvement. The group promotes keys in the social field to encourage respect in all actions within our environment.

GPO Group promotes academic and cultural education of its employees, offering specialization courses mainly in the areas of design, planning and environment. In addition, those with most seniority are assisted to supplement their training with post-graduate courses and junior employees to conclude their university courses, after a period of practices.

We promote not only intellectual development, but also physical. GPO Group makes posture-correction experts available to advise and assist employees to improve their posture and exercise while they are at work. The group also supports participation in sport events, such as races, soccer games and other sports of interest.

In 2014, GPO Group has established connections and actions with the following entities:

• DifusiónBancodeRecursos(ResourceAllocationBank) - One of the lines defined by GPO Group in terms of corporate social responsibility is donating furniture and IT material to said entity, which is then in charge of assigning this kind of resources to social organizations for those most in need.

• Ningún niño sin juguete (No kids without toys) - Since 2013, GPO Group collaborates by earmarking part of the returns arising from bank institutions for toys that are delivered to hospitals (Hospital de Nens in Barcelona and Hospital Niño Jesús in Madrid) during the Christmas period.

• Food Bank. Operación Kilo (Kilo operation) - GPO Group is involved with the Food Bank since 2011 and promotes the Kilo Operation intended to collect durable food. This year, food has been delivered to the Food Bank in Madrid and to social canteens in Barcelona.

• Blooddonationcampaign - Annually, we promote a blood donation campaign, setting up a specialised team in GPO’s offices.

• Aura Foundation - Since 2012, GPO Group collaborates with Aura Foundation, social entity devoted to social and employment inclusion of people with intellectual disabilities. GPO promotes the entity’s activities (draws, excursions, etc.) and voluntary donations. It is worth noting that in 2014, GPO collaborated in the short movies of Down Catalunya, released on the occasion of the World Down Syndrome Day, as well as in the interview of the 25th anniversary of Aura Foundation.

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TO BE | CORPORATE AREAGPO Group 30 Years

Creation of Transitworks, subsidiary company of GPO in

the EUA

2014

Incorporation of 2iT Ingeniería to

GPO Group

Incorporation of SISTRAN Engenharia

to GPO Group

Creation of the subsidiary company of

GPO in Colombia

Creation of the subsidiary company of

GPO in Peru

Creation of “GPO Ingeniería y Arquitectura” and segregation of the

business unit in Spain

New designation for the holding company:

GPO Group

Colombia

Perú

Design of a new Light Rail line in Baixada Santista, Sao Paulo. 11 km segment with

16 stops

Design of a 5 km segment in the Line 5 of the Sao Paulo Metro

with 5 stations

2009 2011

2007 2012 2013

Consultancy services for the New Automotive Homologation Center in

Colombia

Opening of the High Speed Railway Line

Madrid - Barcelona in Sant Boi, Barcelona,

Spain

2012

Zaragoza Tram commissioning

Integration of Electrical Systems for all the Calle 30 tunnels in Madrid,

Spain

Internationalization with projects in

Turkey and Argentina

The origins of the Group date back to 1985 with the foundation of Gestión de Proyectos y Obras, which would later become GPO Ingeniería, the first and leading company of GPO. This company was created with the idea of applying the concept of integral management in public works to engineering.

GPO Ingeniería took off as a company thanks to the Olympics celebrated in Barcelona in 1992, where its involvement in the most important infrastructures contributed to the development of the entire country. The subsequent creation and acquisition of new companies has led to the creation of GPO Group as the group’s holding company.

Corporate Area

GPO Group 30 Years

Designs for the Barcelona 1992 Olympic Games,

Spain

Works Supervision for the A-19

Highway extension in

Mataró, Spain

Detailed Design and Works

Supervision for the “Circuit de Catalunya” in

Montmeló, Spain

Works Supervision for

the construction of the bridge over the Mansoa river in Guinea Bissau,

Africa

Detailed Design and Works Supervision for the Line 9 of the

Barcelona Metro, Spain

Project Management for

the Acute Hospital in Denia, Spain

Creation of the company “Gestión

de Proyectos y Obras”

Transformation to GPO

Ingeniería

Creation of “Ingeniería de Instalaciones y Trenes”, engineering company

specialized in Railway Systems

1985 19921991 1994 1997 20052003

Creation of SISTRAN Engenharia

Renovation of the High and Medium Capacity

Metropolitan network of São Paulo

20072002

2005

1989 2008 2011 2013 20142012

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Projects

TO CREATETobelieveistobuild, therefore, in GPO Group we believe in offering customised solutions to complex projects, which contribute to improve the society’s well-being and, at the same time, create real value.

Transportation

Automotive

Railway Systems

Planning

Architecture

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Line 5 of the Sao Paulo Metro, Brazil. Preliminary Design: SISTRAN (GPO Group)


TO CREATE | PROJECTSTransportation

Highway 407 East main junction

Current state of works

ONTARIO, CANADÁEnlargement project of the Highway 407 East

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Ferrovial Agroman entrusted the team integrated by GPO with the design of the enlargement of the highway 407 ETR (Express Toll Route) in Canada, deemed as one of the world’s biggest road infrastructures under concession.

Ontario’s highway 407 East (407E) is an express toll motorway that surrounds the Greater Toronto Area (GTA), going through Burlington, Oakville, Mississauga, Brampton, Vaughan, Markham and Pickering towards the north of Toronto, with the aim of reducing traffic from highway 401. In June 2014, there was an average of 350,000 circulating cars per day. The Highway 407 East constitutes a 65-km enlargement of the current 407, going beyond Brock Road, the construction of which is planned in two stages.

The project entails the construction of 16.5 km of new highway, with certain stretches comprising up to five lanes per direction, with more than 36 km of branches and access roads, and 4 new links. The alignment has been designed taking into account aesthetic and environmental matters, including gardened embankments, rainwater sewerage pools, as well as a system of drains and sewers for urban roads.

The 407 ETR is pioneer in the implementation of the most modern toll systems, equipped with cameras and licence-recognition transponders, which replace traditional toll booths.


GPO provided excellent services for this project. This fact has

allowed us to optimize the design satisfactorily and, at the

same time, to meet the local administration requirements in

due time. “ “

Pablo López BarroProject Manager

TO CREATE | PROJECTSTransportationB C M


GPO GROUP | Memoria Anual 2014 00

TO CREATE | PROJECTSAutomotive

DCJ HAOJUE’s new state-of-the-art design centre will be one of the most modern in the world within the motorcycle sector and will include special tracks, such as wind tunnels or adapted high-speed rings, apart from prototype labs, special test cells to study noise and vibration, emissions, consumption and the operation of vehicles in extreme weather conditions.

We are proud to have successfully ended another project in China, where GPO Group already has significant experience in the automotive sector. In addition, the Group has taken an important step towards the opening of a representative office to consolidate its presence in Asia.

JIANGMEN, CHINANew R+D Centre

GPO GROUP | Memoria Anual 201400

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GPO Group’s vast experience in the design of R+D centres for the automotive industry decisively influenced JIANGMEN DACHANGJIANG GROUP (DCJ), China’s most important motorcycle company, to entrust us with the design of what would be their Development and Innovation Centre in the south of China.

The complex, designed by GPO to meet the needs of a company that manufactures more than 2 million motorcycles a year and which is constantly evolving in terms of technology, includes a track area, a design centre and labs to test full engines and vehicles, apart from common infrastructures to operate the centre, such as offices, social areas, etc.


TO CREATE | PROJECTSAutomotive

GPO has done great job in field on attitude, deliverable quality, kindly

communication and continuous support. Thanks to GPO’s staffs

who involved in Haojue R & D project. “ “

Xunmeng WeiExecutive Director GeneralHAOJUE R & D Center

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MÁLAGA, SPAINL1 and L2 of Málaga Metro

Málaga metro is an infrastructure under concession, promoted by Ferrocarriles de la Junta de Andalucía (Railroads of the Andalusian Regional Government) and managed by the concessionaire Metro de Málaga. In July 2014, the two first lines were opened, which account for 81% of the planned network, with a total length of 12 km and 17 stations - stops, and an investment of over 600 million euros.

2iT Ingeniería has been the company selected to support the concessionaire throughout the start-up of the line, designed as light metro. This project has allowed us to open up most of the wide array of railway consulting services that 2IT has been rendering over the last few years, as compared to other start-ups in Spain, such as Seville metro and Saragossa and Jaen’s trams.

Our services have encompassed aspects as diverse as inspection and handover of rolling stock, empty running tests, training of engine drivers and future trainers, start-up of control centre and training of their operators, design of protocols and Independent Safety Assessment (ISA) and maintenance documents, and depot management. All this is materialised by creating work teams at the client’s premises, present until the new infrastructure reached full operating capability.

Upon completion of the whole network, scheduled by 2017, Málaga metro will be 14.8 km long, will have 23 stations and will cater to 20.7 million passengers per year.

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TO CREATE | PROJECTSRailway Systems


B C M TO CREATE | PROJECTSRailway Systems


TO CREATE | PROJECTSPlanning

SISTRAN accepted the challenge. Our vast experience in this kind of studies has turned us into a benchmark company within the scope of urban planning and mobility in Brazil. This, in addition to the investigation that we have been carrying out in the field, has allowed us to turn this Urban Mobility plan into a referent, which we believe will set a technological trend in the next few years.

The great technological development introduced in this study is the generation of origin-destination matrices by massively processing data obtained from mobile phones,

commonly known as BIG DATA. The Mobility Plan of the city of Maranhão has been the first project in Brazil, and one of the first in the entire world, to use the data registered in telephone antennas to locate the movement of people within a city.

Thanks to the agreement carried out with VIVO, company of the TELEFONICA group, which is the data supplier, GPO Group has managed to make this technology be officially recognised in this kind of public transport planning studies.

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SÃO LUÍS, BRAZILMobility Plan | Improvements in Public Transport

The city of São Luís, capital of the state of Maranhão, Brazil, raised the need to modernise its entire public transport system, improving the frequencies of the existing bus lines, introducing changes in rate policy

and implementing an intelligent transporting system (ITS) to enhance the operation of the whole network and offer better services to citizens.


Technical studies carried out by Sistran have

contributed to completely transform and improve the

quality of the whole public transport system of the city

of San Luis.

““Edivaldo Holanda JuniorSan Luís Mayor (Maranhão), Brazil

B C M TO CREATE | PROJECTSPlanning


CREAR | ProyectosInfraestructuras


BARCELONA, SPAIND-HUB Barcelona

BIMSA, public company that manages the works of the Barcelona City Hall, entrusted the consortium of which GPO Ingeniería y Arquitectura is part to carry out the Construction Management and Management of the execution of Barcelona’s Centre del Disseny works, also known as D-HUB, located in the Plaça de les Glòries of said city.

The D-HUB Museum is another architectural landmark in Barcelona, a city that stands out due to the quality of its construction and its modernist heritage of historic value. MBM Arquitectos’ design, comprising a central structure, built with post stressed reinforced concrete and a large-sized 35-m cantilever over one of Barcelona’s main road accesses, represented a challenge as far as construction is concerned.

From its office in Barcelona, GPO participated as works execution manager, controlling quality and constructive details. It also acted as Construction Manager, assisting the property in tendering processes and coordinating all stakeholders involved to deliver a new emblematic building for the city, which will be part of Barcelona’s new entrance gate to be set at the Plaça de les Glòries in the future.

The inauguration of the Design Museum by the end of 2014, with over 70,000 pieces and a data base of 22,000 documents, marked the end of a long period of efforts and dedication from our team.

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GPO’s collaboration in an emblematic project for

Barcelona’s Culture Institute ensured us permanent

control of quality, deadlines and cost of the works,

with optimum results that are already reflected in our

city.

“ “

Ángel SánchezGeneral DirectorBarcelona d’Infraestructures Municipals, SA – BIMSA

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Financial Report

TO MANAGEAn effective management always guarantees better results. At GPO Group we bet on a management model that allows us to detect improvement opportunities that would have an impact on our return and, consequently, on our statement-of-income account.

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Statement-of-Income Account


CONSOLIDATED BALANCE SHEET*

SHAREHOLDERS’ EQUITY 8.367 8.082

Equity capital 8.354 8.275

Adjustments due to change of value 13 (193)

NON-CURRENT LIABILITIES 3.348 2.489

CURRENT LIABILITIES 5.653 6.356

Short-term payables 3.197 2.254

Trade creditors and other payables 2.333 4.102

TOTAL EQUITY AND LIABILITIES 17.368 16.927

2014(‘000)

2013(‘000)

TO MANAGE | FINANCIAL REPORTConsolidated Balance SheetB C M

Financial Report


CONSOLIDATED BALANCE SHEET*

NON-CURRENT ASSETS 3.616 3.576

Intangible fixed assets 2.889 2.778

Tangible fixed assets 677 795

Long-term financial investments (52) 79

Deferred tax assets 102 (37)

CURRENT ASSETS 13.752 13.351

Inventories 5.966 4.802

Trade debtors and other accounts receivable 5.813 7.269

Short-term investments in group and other related companies 29 5

Short-term financial investments 196 -

Short-term accruals and deferred income 220 114

Cash and cash equivalents 1.528 1.161

TOTAL ASSETS 17.368 16.927

2014(‘000)

2013(‘000)

*Thousands of Euro


TO MANAGE | FINANCIAL REPORTStatement-of-Income Account

23 M€ Invoicing

TURNOVER BY GEOGRAPHICAL AREAS

Other3%

USA & Canada2%

Brazil59%

Spain 33%

Colombia & Peru2%

TURNOVER BY SECTORS

35 M€Project Portfolio

309Staff

EBITDA EVOLUTION*

2011*Thousands of Euro **Millions of Euro

2012 2013 2014

618423

1.592

1.036

SALES EVOLUTION**

2011 2012 2013 2014

19

14

2123

Industry& Energy8,8%

Building7,6%

Transportation74,5%

Water & Environment

9,1%

CONSOLIDATED STATEMENT OF INCOME*

Services rendered 22.534 21.004

Other operating revenues 14 65

Payroll expenses (11.146) (9.442)

Other operating expenses (10.365) (10.003)

Fixed assets depreciation and amortization (252) (257)

Income (loss) due to lack of control of consolidated shares - (32)

OPERATING INCOME (EXPENSE) 784 1.335

FINANCIAL INCOME (EXPENSE) (343) (117)

Income (loss) before taxes 442 1.158

Corporate income taxes (220) (470)

INCOME (LOSS) FROM CONTINUED OPERATIONS 222 688

CONSOLIDATED INCOME (LOSS) FOR THE YEAR 222 688

2014(‘000)

2013(‘000)

B C M

Financial Report

Statement-of-Income Account

*Thousands of Euro

56. GPO Group | Annual Report 2014

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Annual Report 2014 - GPO Group · 2019-08-07 · Calle 39 nº 26 a 06, 3r piso Bogotá Tel. (+57)...

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Transcript of Annual Report 2014 - GPO Group · 2019-08-07 · Calle 39 nº 26 a 06, 3r piso Bogotá Tel. (+57)...