Sacyr boosted its Ebitda by 25% to €243 million, in a quarter in wich profitability reached a record 20.3%04/05/2022
Sacyr ended the first quarter of 2022 with an EBITDA of €243 million, 25% higher than that in the same period in 2021. Between January to March, profitability (EBITDA margin) made records and situated at 20.3%, 200 basic points higher than that reached a year ago.
These figures are proof of the strength of Sacyr’s business model, which is predictable, recurring, and stable, in a challenging and uncertain macroeconomic scenario. 83% of the EBITDA came from P3 assets with low demand risk.
Revenues grew by 13% in the first quarter of the year, to €1,196 million, and the net business profit raised to €40 million (+57%). The Group’s net result decreased by 21%, to €20 million, due to the fact that the profit last year included the company’s participation in Repsol.
The company’s growth was achieved in a challenging international scenario, due to the Covid-19 and the raw materials shortage and logistics crises.
Net recourse debt went from €681 million to €798 million, largely due to the investments carried out in this period. The commitment for 2022 is to reduce net recourse debt by nearly €200 million, in relation to the figure at the end of 2021.
The company continues to work on cutting net recourse debt, with the aim of having reduced it drastically by the end of the Strategic Plan, in 2025.
Operating cash flow rose to €150 million, with a 28% growth compared to the first quarter of 2021.
Future revenue backlog increases by 5%
Sacyr ended the first quarter with a backlog of €48,343 million, 5% more than in the same period in 2021. 81% of this value comes from Sacyr Concesiones, 13% from Sacyr Engineering and Infrastructures, and the remaining 6%, from Sacyr Services.
The relevant contracts in this period include the Ruta 78 P3 in Chile, the construction of a transportation hub in Northern Ireland, and a section of the US62 road in the United States, as well as several street cleaning services, one of them in Barcelona.
Sacyr raises Ebitda by 28% to €923 million in a year with a record backlog25/02/2022
The operating cash flow increases to 15%, to € 629 million, which contributes to cutting net recourse debt by 19%, to € 681 million; this fulfills the company’s commitment to reducing it below € 700 million.
The company registers a net profit of - € 189 million largely due to the change in the accounting method of its participation in Repsol, and the recording of a provision for the Radiales project. This impact only has accounting effects and does not entail cashout flow for the group.
Sacyr’s focus on P3 projects is reflected on its EBITDA: these assets represented 83% of the EBITDA in 2021. Profitability soars to 19.7%, significantly higher (+24%) than that in 2020 (15.9%).
The revenue backlog increases by 17%, to nearly € 46 billion, after a year with a record order intake in which the group accrued an € 11 billion backlog worth of new contracts.
Valoriza Medioambiente is awarded multiple "Pajaritas Azules"21/02/2022
Once again, ASAPEL’s program, Pajaritas Azules, has awarded the work Valoriza Medioambiente does in six Spanish cities. This program recognizes best practices on recycling paper and cardboard.
With the highest award, three Pajaritas Azules, the cities of Cádiz, Lleida and Mollet del Vallès (Barcelona), are no strangers to these awards, as some of the most committed cities to recycling paper and cardboard.
Soria consolidates its status as an exemplar city. Soria had already been recognized for its commendable waste management and street cleaning and has received the maximum award (three Pajaritas Azules) for the fifth consecutive year.
The town of Reus, Tarragona, where Valoriza Medioambiente also operates, has received two Pajaritas Azules for its management of paper and cardboard recycling.
Elisabet Alier, president of ASAPEL, Ismael Aznar, from the Directorate General for Quality and Environmental assessment of the Ministry for the Ecological Transition and the Demographic Challenge, and Ana Jiménez, head of the Pajaritas Azules program, participated in the award ceremony. All of them have stressed the importance of improving the efficiency of the collecting systems for separated waste, by adapting it to the new habits of the consumers.
These awards recognize local administrations, groups of municipalities with more than 50,000 inhabitants, and province capitals that are committed to the quality of municipal waste sorting services and paper and cardboard recycling, but they also give more visibility to the excellent work that Valoriza Medioambiente does. This confirms our commitment to sustainability and the environment.
Aprobado el proyecto de investigación SOS AGUA XXI de la Convocatoria MISIONES CIENCIA E INNOVACIÓN CDTI 202126/01/2022
The research project "SUSTAINABILITY, WATER AND AGRICULTURE IN THE 21st CENTURY", SOS-AGUA-XXI, has been approved and will be subsidized by the CDTI and supported by the Ministry of Science and Innovation through the 2021 call of the Science and Innovation Missions program. The project aims the development of a series of actions capable of boosting the Spanish agriculture sector through the Mission "Agriculture of the 21st Century". The project has a budget of € 6 million and will be financed by CDTI with the Next Generation EU funds.
The aim of the project is to research sustainable and energy-efficient technological solutions to develop strategies for the efficient management and treatment of water resources for the agricultural sector. This will allow to guarantee the quality and quantity of water resources, as well as to adapt and prepare the Spanish agricultural sector to combat the progressive scarcity of conventional water resources and the effects of climate change.
VALREC project launched to promote the circular economy in Construction and Demolition waste (CDW)25/01/2022
- This initiative is led by Surge Ambiental and Valoriza (Sacyr Group), together with seven other companies in the Community of Madrid.
- It will prevent the dumping of up to 2 million tons of CDW per year and will reduce the carbon footprint of companies by 20%.
- VALREC is part of the “Open Innovation Business Hubs”, co-financed by the Community of Madrid and the European Regional Development Fund.
Surge Ambiental and Valoriza (Sacyr Group) lead the VALREC project together with seven other companies in the Community of Madrid. This project was created to develop innovative solutions to increase the circularity, traceability and purity of mineral resources present in Construction and Demolition Waste (CDW), and thus make an eco-efficient manufacture of new construction materials. The project will run for two years, and the budget amounts to more than €5 million.
This project also involves ALLGAIER MOGENSEN, ADCORE, SIKA, SODIRA, HORMICRUZ, KOLOKIUM and GBCe (Green Building Council España) and is supported by the research and technological development center TECNALIA, from Instituto Eduardo Torroja de Ciencias de la Construcción IETcc and Universidad Autónoma de Madrid (UAM).