Sacyr raises Ebitda by 6.5% to 724 Million Euros26/02/2021
In 2020, Sacyr increased its EBITDA by 6.5%, to 724 million euros, in an extremely challenging environment complicated by the global COVID-19 crisis.
Turnover grew 9.1%, to 4.548 billion euros, and profitability (margin-to-EBITDA) stood at 15.9%, slightly below 2019 levels (-0.4 pp).
This growth represents the strength of the multinational’s business model, which focuses on concession activity with low demand risk. In fact, 78% of the EBITDA generated in 2020 originated from the concession activity. Thanks to this approach, the company has managed to successfully weather the effects of the pandemic.
The group’s attributable net profit reached 36 million euros, compared to losses in 2019 due to the to the accounting impact caused by the holding in Repsol.
The multinational has anti-COVID protocols in place at all of its work centers and has helped alleviate the effects of the pandemic among vulnerable populations.
With regard to business evolution, net profit reached 181 million euros, relative to 120 million in 2019.
The future revenue backlog closed 2020 at 39.185 billion euros, a 9.1% decline relative to 2019 on divestments in 2020 and a slowdown in tenders worldwide due to COVID-19.