Sacyr boosts its Ebitda by 16% to 402 Million Euros and increases turnover by 4%30/07/2021
Sacyr increased its EBITDA by 16% in the first half of 2021, to total 402 million euros, thanks to its good business development and the company’s strong focus on concessions. Indeed, concession assets, with limited demand risk, accounted for 82% of this EBITDA, five percentage points higher than in the same half year of 2020.
Group operating cash flow grew by 29% to 282 million euros.
This growth was achieved in a challenging environment due to the Covid-19 crisis. Turnover grew by 4% to 2,164 million euros between January and June, and profitability (margin on EBITDA) climbed to 18.6%, significantly higher than the same value in the first half of 2020 (16.7%).
Net profit reached 40 million euros, compared to 70 million in the first half of 2020, as extraordinary results were recorded due to the sale of the Guadalmedina highway in the previous year. Discounting this effect, profit grew by 233% (from 12 million to 40 million).