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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).
The portfolio soars 16%
The future revenue portfolio closed the third quarter at €45.3 bn, up 16% on the end of 2020, thanks to the addition of new projects in strategic markets. Nearly 80% of this portfolio relates to concession assets.
Sacyr obtained important contracts in its priority countries between January and September. This is the case of the A3 and A21/A5 highways in Italy; the RSC-287 highway in Rio Grande do Sul (Brazil); its first two construction projects in Canada or four new road contracts in Florida and Texas (US).
In addition, it has been awarded several contracts in Portugal and a large number of contracts in Spain, including the cleaning and solid urban waste collection service in several areas of Barcelona and Madrid.