Sacyr puts two new interchanges into operation to improve AP-46 connections28/12/2021
Sacyr has put two new interchanges into operation, between the MA-20 and A-7 highways, which improve connections with the AP-46 Malaga-Las Pedrizas highway. The new interchanges will reduce travel times between Malaga, its metropolitan area, the Costa del Sol, and the Guadalhorce Valley.
The concessionaire, Guadalcesa (owned by Aberdeen Infrastructure, Mirova, and Sacyr Concesiones), working in conjunction with Spain’s Ministry of Development, has promoted the construction of these new infrastructures with an investment of 24 million euros.
The interchange between the MA-20 and the AP-46 has involved building two new slip roads between the MA-20 and the A-7, building an overpass over the MA-20, two 128 m elevated roads, for each of the 2 slip roads running parallel to the existing elevated highway, and the construction of 8 new toll booths to make a total of 26, thereby improving user service.
This construction project involves providing a direct connection from the MA-20 ring road to the Malaga ‘Hiperronda’ ring road (A-7), which will cut travel times between Malaga and the AP-46 highway. It will also help to significantly reduce congestion on the MA-20 by improving mobility in the surrounding area.
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 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.
Sacyr wins its third construction contract in Texas (USA), for 130 Million Euros26/07/2021
Sacyr Engineering and Infrastructures has won a contract to construct a 6-kilometer road segment in Lubbock County (Texas, United States). The amount for the contract is 158.3 million dollars (130.3 million euros).
This contract is Sacyr’s third in Texas and the ninth in the United States since the company entered this market in 2018. The company currently has a work backlog of close to 2,150 million euros.
Sacyr will execute the reconstruction of a 6-km road segment for the Texas Department of Transportation (TxDOT) to convert it from an undivided two-lane highway into a three-lane divided highway. It will also have collector roads on both sides of the main road axis.
The new layout factors in the construction of eight overpasses that cross over four intersections with local roads. Furthermore, construction works include the execution of 90,000 m3 of concrete pavement, dredging, guardrails, signaling, and Intelligent Transportation Systems (ITS).
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.
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 wins a new construction contract in Florida (U.S.) worth 75.5 Million Euros29/06/2021
Sacyr Engineering and Infrastructures has won the expansion for an 8.7-km-long section of SR417 highway in Orlando (FL, U.S.) valued at 75.5 million euros
Sacyr will execute these 8.7-km-long expansion works on SR417 highway from the crossroads with Narcoossee Rd to the junction to SR528 highway.
The project includes adding a two-way lane, going from two to three two-way lanes. For that purpose, we will extend ten bridges of the road's main axis that cross over several local roads and a railway line. Furthermore, we will also build new anti-noise screens, retaining walls, ITS systems, and a new free-flow gate in one of the access ramps to the highway.
The construction division of Sacyr entered the U.S. market in 2018 with several road construction contracts in Florida. Today, the company executes two projects in Texas and six in Florida. In 2020, Sacyr Concesiones won its first P3 project contract in the U.S. to manage and maintain power and water utilities at the University of Idaho. The U.S. project backlog is worth more than 2,000 million euros.
To expand in the U.S., Canada, the U.K., Ireland, and Australia is one of the objectives within Sacyr's 2021-2025 Strategic Plan.
Sacyr, leader in Sustainability in Spain's infraestructure sector, according to Sustainalytics’ ESG Risk Rating16/06/2021
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.
This evaluation by Sustainalytics, an example in sustainability, backs the roadmap set by the 2021-2025 Strategic Plan. This plan positions Sacyr as a sector leader with a sustainable and innovative value proposition that supports the development of the societies where we operate and contributes to the United Nations’ 2030 Agenda.
Sacyr increases turnover by 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 signs two new contracts for LNG terminals in Europe30/03/2021
Sacyr Fluor, a subsidiary of Sacyr Engineering and Infrastructures, has started the execution of new contracts for Elengy in France and for Fluxys in Belgium.
New project in France
Elengy, Engie’s subsidiary operating three LNG Regasification Terminals in France, has recently awarded Sacyr Fluor the detailed engineering, procurement management and construction management of the priority works to adapt the jetty of the Fos-Tonkin LNG Terminal for bunkering activities. This project will be executed jointly with the detailed engineering, procurement management and construction management contract already in execution to renovate the terminal and extend its activity for an additional 10 years. Both contracts result from the successful execution of the basic engineering last year and are expected to finalize by June 2022.
New project in Belgium
Furthermore, Sacyr Fluor has recently be awarded by Fluxys with a new project in Belgium to expand the regasification capacity of the Zeebrugge LNG Plant and reduce CO2 emissions, as well as increase and automate the number of LNG truck stalls.
Both contracts confirm the role of utmost importance that the Liquefied Natural Gas industry has been playing in Europe, together with the introduction of renewables sources, so as to achieve the objectives of denuclearization and decarbonization of the current energy sector.
Sacyr Fluor has been positioning itself over the past decades as one of the world leaders in design and construction of LNG regasification plants, whether small scale or large scale, and is proud to leverage its long trajectory and longstanding experience in order to support our client’s investment needs.
Sacyr awarded its first projects in Canada25/03/2021
Sacyr Engineering and Infrastructure has been awarded its first two projects in Canada, expanding the platform for the future fourth track of the Lakeshore East-West (LSEW) rail corridor in Toronto. The amount of the two contracts is 50.5 million euros.
In a consortium with its local partner, Ledcor, Sacyr will deliver two “packages” of the platform expansion project, six kilometers in total, an undertaking awarded by the local entity, Metrolinx:
- The first contract (package B) will involve extending the platform by 3.54 km, section of the rail corridor, an undertaking commissioned by the local entity, Metrolinx. The project will entail the construction of six retaining walls (1.8 km), the expansion of three existing railway bridges, embankments, a final sub-ballast layer, and drainage works.
- The second contract (package C) will entail a 2.74-km expansion, with the construction of five retaining walls (822 meters), the channeling of a stream beneath the track, embankments, clearings, a final sub-ballast layer, and drainage works.
Sacyr launches its 2021-2025 Strategic Plan, wich promotes sustainability and focuses on the concession business25/03/2021
Today, Sacyr announced the governing principles of its 2021-2025 Strategic Program, which underscores its focus on the concession business and promotes sustainability as key drivers of growth over the next five years.
With this new strategic cycle, Sacyr completes the redefinition of the company’s profile, undertaken as part of the successful 2015-2020 Plan.
The multinational prioritizes the concession business model present throughout the entire infrastructure value chain: from bidding, design and finance, to construction, operation and maintenance of the asset. Two robust divisions contribute to this strategy: Construction and Services.
Through this approach, Sacyr reinforces its strength and stability with the development of long-term projects in countries where it has an established track record. These are projects with low demand risk that generate recurring revenue streams to finance the associated debt.
Sacyr Somague and Sacyr Neopul awarded the contract to modernize the Sines-Southern line connection (Portugal)11/03/2021
Sacyr Somague and Sacyr Neopul have been awarded the contract to modernize the 37.4-km railway connection between Sines and the Southern Line (Portugal), for 28.5 million euros.
With an execution period of 720 days, the contract includes modernizing the existing superstructure of the Sines Line, focusing mainly on the application of multi-purpose concrete railroad ties to facilitate the future transition from Iberian track width to European track width, in addition to the upgrade and stabilization of the platform to ensure maximum load capacity on the Sines Line and improve the future availability of the infrastructure.
“This contract is one more example of the capacity of Sacyr Somague and Sacyr Neopul within the railway sector and their unique experience in Portugal. As we have stated before, we are prepared to help modernize and develop the national railway plan,” says Eduardo Campos, CEO of the Sacyr Somague Group.
Sacyr raises Ebitda by 6,5% to 724 Million Euros26/02/2021
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.