Annual Report 2010 - CMVM

Management Report of the Board of Directors 2010TDGI - Service Contract for CascaisHospitalTDGI - Service Contract - PhillipsShowroomLagoas Park11,753Evolution of EBITDA ofConcessions and Services6,2527,978EBITDA increased by 47.3%, which is considered verysignificant in view of the evolution in Turnover, with thisresult essentially being due to the good performance of thesubsidiaries TDGI, S.A., RECOLTE, S.A. and TDHOSP, S.A. inPortugal.(Values in thousand Euros)2008 2009 2010In non-consolidated terms and in order to provide a perspective over the total activity, in the first semester of 2010 the operating income ofthe companies of the Group which operate in the Concessions and Services sector increased strongly by 31% and reached the total value ofEUR 79,150 thousand, with 51% being the outcome of activity developed in the external market and 49% in Portugal.In view of the diversity of the Group's business in this sector, the review of the activity will be presented by company.TDGI - Tecnologia de Gestão de Imóveis, S.A. is a company 100% owned by the Teixeira Duarte Group which focuses on the managementand technical maintenance of facilities and undertakings, operating in the areas of (i) Analysis and Diagnosis; (ii) Studies and Special Projects;(iii) Facilities Management (iv) Maintenance; and (v) Remodeling Works.34