Portuguese firm NBI wins the eleventh edition of the Sacyr Foundation Innovation Awards16/12/2021
The Portuguese firm Natural Business Intelligence (NBI) has won the eleventh edition of the Sacyr Foundation Innovation Awards.
The Sacyr Foundation has awarded the solution presented by this firm, which acts on the valuation and management of the natural capital of projects. Out of the 245 submissions, NBI's proposal is the one that adapts best to one of the four challenges issued by Sacyr in the framework of its open innovation program, Sacyr iChallenges.
In addition, the Sacyr Foundation has awarded a second price to the German firm Heliatek for its organic photovoltaic solutions technology.
NBI's solution is a tool to valuate the natural capital and the impacts of Sacyr's projects on ecosystem services. Together with NBI, Sacyr will carry out a pilot project in La Palma (Canary Islands), where, for the last three months, there has been an active volcano that is changing the physiognomy of the island.
The solution provided by NBI responds to the challenge issued through Sacyr iChallenges regarding the measurement of the ecological impact of the company's activities. The finalists for this challenge were BC3 Research Basque Centre for Climate Change (Spain) and Creando Redes (Spain).
Manuel Manrique, Chairman of Sacyr, stressed that the company has extended innovation to the entire workforce and the different external innovation agents. “The great reception of the challenges that we issue in Sacyr iChallenges and the high regard of these Innovation Awards, which are already on their 11th edition, are proof of the success of this strategy”, Manrique pointed out.
Sacyr receives the Triple Seal "Calculo, Reduzco y Compenso" for the First Time10/11/2021
After having received the dual “Calculo-Reduzco” seal for three consecutive years, Sacyr obtains the “Calculo, Reduzco y Compenso” seal for the first time for compensating part of its carbon footprint through a CO2 absorption project.
This distinction, awarded by the Spanish Ministry for the Ecological Transition and the Demographic Challenge, recognizes Sacyr as an organization that, apart from calculating its greenhouse gas (GHG) emissions, reduces them and goes a step farther by compensating part of its carbon footprint.
The absorption project responsible for this compensation and backed by Sacyr, takes place in Burgos, Spain. This project seeks to revitalize a deforested zone, with a high desertification risk, by eliminating erosion risks, increasing biodiversity, and improving the structure and organic matter of the soil.
In total, this project calls for the planting of more than 23 hectares of autochthonous, resilient species that will absorb more than 6,000 tons of CO2.
Sacyr is firmly committed to sustainability through its corporate 2021-2025 Strategic Plan and the Sacyr Sustainable Plan, in which the company sets its goals for preventing climate change and protecting the environment and communities where it develops its activities.
Emission compensation, apart from being beneficial to the environment, offers companies great opportunities for growth, development, and competitiveness, and is increasingly valued and requested by all stakeholders.
Sacyr boosts its EBITDA by 19% in the first nine months of 202104/11/2021
Sacyr increased its EBITDA by 19% in the first three quarters of 2021 to €630 million, as a result of the strong performance of its businesses and its solid concession strategy.
This growth reflects the great resilience of the Company’s business model, with significant advances in all three business areas. Concession assets contributed 82% of EBITDA up to September.
Operating cash flow amounted to €402 million at September 30, up 12% compared to the same period last year.
This growth was achieved in a challenging environment due to the COVID-19 pandemic and the feedstock and logistics crisis.
In the first nine months of the year, revenue grew by 3.3% to €3.3 bn, and returns (margin over EBITDA) climbed to 19%, which is significantly higher than the 16.5% recorded up until September 2020.
Net profit reached €60 million at the end of September, up 28% on the same period of 2020 (€47 million).
Valoriza Medioambiente wins street cleaning and waste collection contracts for €249 Million in Torrejón de Ardoz, Madrid and Reus, Tarragona03/11/2021
- The company will provide this service in Torrejón de Ardoz in a temporary business association with FCC Medio Ambiente for a 10-year term, and €142 million.
- The contract in Reus, a temporary business association with Romero Polo, will also extend for 10 years and is valued at €106 million.
Valoriza Medioambiente, Sacyr’s environmental services company, has started providing waste collection and street cleaning services in Reus, Tarragona, and Torrejón de Ardoz, Madrid.
These contracts entail a great improvement in the services’ efficiency and sustainability and are worth €249 million in total.
Sacyr receives the dual "calculo y reduzco" seal for the third consecutive year after cutting its carbon emissions by 8%14/09/2021
Sacyr has received up its third “Calculo-Reduzco” (Calculate-Reduce) seal, a distinction granted by the Ministry for Ecological Transition and Demographic Challenge, for reducing its greenhouse gas (GHG) emissions in its activities in Spain.
This distinction recognizes Sacyr’s efforts to reduce the average intensity of its emissions by 8.41% in 2018-2020 for scopes 1, 2, and 3 compared to 2017-2019.
The “Calculo-Reduzco” seal is granted to organizations that calculate and record their carbon footprint for a minimum of four years, have a plan to reduce their GHG emissions, and bring this reduction commitment to fruition, with the Ministry’s validation.
The renewal of this seal is a direct consequence of our commitment to sustainability as one strategic line of the 2021-2025 Plan, which promotes our goal to be carbon neutral by 2050, which is framed within the context of this initiative.
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).
Sacyr renews its commitment to handball and will continue lending its name to the Sacyr Asobal League for the 2021/2022 season27/07/2021
Today, Manuel Manrique, President of Sacyr, and Servando Revuelta, President of ASOBAL, have signed the renewal of the sponsorship agreement of the principal men’s handball competition in Spain. Sacyr will once again be the title sponsor of the Sacyr ASOBAL League on the upcoming 2021/2022 season.
The sponsorship agreement, first signed in February 2020, includes the use of Sacyr's name for all the competitions organized by ASOBAL: Liga, Copa, Supercopa, and Minicopa. The Sacyr ASOBAL League logo is used in all the brand's advertising material and promotions and it features in the matches broadcast on LaLigaSportsTV App and free-to-air channel GOL.
The partnership aims to extend the reach of the Spanish league and the sport itself, which has around 100,000 registered players and is a key part of society in many cities.
MERLIN Properties and Sacyr Facilities introduce an innovative and sustainable cleaning system through Ozoniza in Torre Castellana 259B, Madrid20/07/2021
MERLIN Properties and Sacyr Facilities, to keep their commitment to promoting technology, development, and environmental care, will introduce an innovative and environmentally responsible cleaning system based on the on-site production of ozone water (O3) to clean the exterior of one of the company’s most emblematic assets: Torre Castellana 259B. Ozoniza (www.ozoniza.es), the chosen provider to carry out this sustainable and innovative cleaning solution, is a 100% Spanish capital company and a leading developer of end-to-end cleaning and maintenance solutions for all kinds of spaces: commercial, industrial, offices, restaurants, hospitality, healthcare, etc.
MERLIN Properties and Sacyr Facilities, through this collaboration with Ozoniza, will continue to expand the array of activities and sustainable projects encompassed in their sustainability, CSR, and ESG plan. To do this, we will reduce 100% of packaging, chemicals, and detergents that cleaning staff used up until now to do maintenance work on the tower situated in the financial area of Madrid’s northern district. In turn, Ozoniza will associate its professional project with two companies committed to their corporate missions and visions, encouraging it to continue developing its portfolio of technologically efficient and environmentally respectful solutions.
Sacyr renews its commitment to the Spanish Handball Federation14/07/2021
- The infrastructures and services company, which sponsors the federation since 2015, extends its support to Spanish handball for another two years.
- The women’s and men’s teams will travel to Japan to compete in the Olympics.
- Since 2020, Sacyr is the title sponsor of the Sacyr ASOBAL League, one of the most important in the world.
Today, Manuel Manrique, president and CEO of Sacyr, and Francisco Blázquez, president of the Real Federación Española de Balonmano (RFEBM) (Royal Spanish Handball Federation) have renewed the sponsorship agreement between the company and the Federation in an institutional ceremony celebrated at the infrastructures and services company headquarters. After this renovation, Sacyr will prolong its sponsorship for the current year and the next.
This agreement strengthens Sacyr’s commitment to handball, which began in 2015. Manuel Manrique highlighted “Sacyr’s extensive backing for sports as a structuring element of society, which makes economic development more sustainable and social. In this bet, our national handball teams are a unique example.” He added: “Handball represents values that at Sacyr, we consider to be our own: talent, effort, and teamwork”.
Sacyr closes green financing deal for 160 Million Euros to reduce recourse net debt23/06/2021
- With this operation, Sacyr accomplishes two milestones from its 2021-2025 Strategic Plan: to use innovative financial instruments tied to sustainability goals and to reduce recourse net debt.
- This financing entails the commitment to invest in projects that directly contribute to achieving goals related to the sustainability agenda and compliance with green KPIs.
Madrid, June 23, 2021.- Sacyr, through its subsidiary “Valoriza Medioambiente”, has closed a green funding deal of up to 160 million euros with Santander and Deutsche Bank.
These funds will contribute to reducing Sacyr’s recourse net debt. The company has committed to significantly cutting down this debt between 2021 and 2022, and this operation underpins achieving this goal.
A two-stage operation
This operation is structured in two stages, both for a 5-year term. The first stage, already paid in full, consists of a 120 million euro loan, based on “Valoriza Medioambiente” projects currently in development. The remaining 40 million euros will be paid after the entry into operation of awarded contracts.
This funding helps to accomplish two very significant milestones from Sacyr’s 2021-2025 Strategic Plan: situate sustainability as the cornerstone of the company’s actions, and reinforce the commitment to reduce recourse net debt.
Sacyr, leader in Sustainabiliy in Spain's infraestructure sector, according to SUSTAINALYTICS ESG RISK RATING22/06/2021
- This prestigious rating, developed by Morningstar's subsidiary, Sustainalytics, assesses the performance of companies based on ESG criteria: environmental, social, and corporate governance.
- Sacyr places fifth among construction and infrastructure companies internationally, and first if companies within the 1,700 million dollars market capitalization range are considered.
Madrid, June 14, 2021.- Sacyr is the most sustainable company in the infrastructure and construction sector in Spain, according to the assessment by Sustainalytics’ ESG Risk Rating.
This rating, elaborated by Morningstar subsidiary Sustainalytics, assesses the sustainability performance of more than 20,000 companies in the world. ESG criteria analyzed consider environmental, social, and corporate governance aspects of companies.
Sacyr places fifth out of the 282 infrastructure companies analyzed worldwide by this agency and first among international companies with a market capitalization within the 1,700 million dollars range.
The 4TH edition of Sacyr iChallenges, Sacyr's open innovation program, begins31/05/2021
- Sustainability will be at the center of this year’s challenges. The call will be open from May 31 to July 12, 2021.
- Sacyr iChallenges is targeted at any innovation agent: startups, tech companies, universities, innovation centers of great corporations, among others.
- Selected projects will work shoulder to shoulder with Sacyr teams to develop pilots.
Madrid, 31 de mayo de 2021.- Today, Sacyr announced the launch of the fourth edition of Sacyr iChallenges, Sacyr's open innovation and co-creation program targeted at the innovation community to overcome four business challenges set by the company.
This call, with a clear international character, is directed at any innovation agents able to provide solutions to the different challenges issued by Sacyr. Likewise, participation is open to tech companies, universities, research centers, and startups, among others. Prospective applicants must submit their proposal through the website www.sacyrichallenges.com by July 12, 2021.
Sacyr iChallenges is one of the pillars of Sacyr's digital transformation and innovation strategy, based on a commitment to teamwork and co-creation with the innovating ecosystem on a global scale. With this open innovation program, Sacyr is looking for partners to promote sustainable solutions that help improve citizens' quality of life through better infrastructure and services.
In this fourth edition of the program, the company focuses on promoting sustainability, a key cornerstone of its 2021-2025Sustainable Action Plan. With this plan, Sacyr commits to fighting against climate change and dedicates a considerable investment increase to innovation for environmental protection.
Sacyr will mantain 244 Km of roads in Caceres12/05/2021
Madrid, May 12, 2021.- Sacyr Maintenance has won the maintenance and use rights over 244 road kilometers of the CC-04 section in Caceres province for a 3-year term and a value of 5.6 million euros.
The Ministry for Transport, Mobility and Urban Agenda (Ministerio de Transportes, Movilidad y Agenda Urbana, MITMA in Spanish) has granted this contract to the temporary business association led by Sacyr Maintenance along with Gévora Construcciones.
With the addition of this new contract, Sacyr Maintenance is responsible for the upkeep of 18 road contracts in Spain, with a road network of more than 5,000 conserved kilometers.
Sacyr Maintenance is the subsidiary of Sacyr Services in charge of maintaining road infrastructures of all kinds (more than 14,000 kilometers of roads in Spain, Peru, Chile, Uruguay, Paraguay, Mexico, and Italy), dams, airports, ports, and water canals. Sacyr Maintenance is a leader in innovation in its sector and one of the companies in Spain with the most extensive R+D+I hiring volume.
Sacyr increases turnover vy 7% and Ebitda by 17% to 194 million Euros06/05/2021
Sacyr increased its EBITDA by 17% in the first quarter of 2021, reaching 194 million euros, due to the positive evolution of its businesses and the soundness of its business model, firmly based on its concessions. In effect, concession assets, with a limited demand risk, contributed 81% of this EBITDA, four percentage points more than in the same quarter of 2020.
This growth has been achieved in the challenging environment created by the COVID-19 crisis. During the quarter Sacyr has continued to implement preventive measures to confront the pandemic at all workplaces, with the safety of its employees, collaborators and clients as a priority in the development of its activities.
In the first quarter of the year turnover grew 7%, to 1.057 billion euros, and profitability (margin-to-EBITDA) climbed to 18.3%, significantly higher than the level achieved in the first quarter of last year (16.8%). Operating cash flow was up 31%, reaching 117 million euros.
Net profit reached 26 million euros, 20.6% less than in the January-March 2020 period, because last year extraordinary income was recorded from the sale of the Guadalmedina highway.
The future revenue backlog ended the quarter at 40.189 billion euros, 3% more than at the end of 2020 as a consequence of the incorporation of new construction and concession projects.
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.