Sacyr achieved a group share net profit of €74 million in the first nine months of this year, representing an increase of 1.3% compared to the same period in 2023, as the company reported this Wednesday.
Between January and September, the company reduced 1.7% its gross operating income (Ebitda), until 947.8 million euroswhile the turnover reached 3,261.8 million euros, or 0.5% more.
Furthermore, the net debt with recourse amounts to 215 million euros at the end of the third quarter, while net investment reaches 577 million euros in 2024.
Sacyr obtained a cash flow operation of 805 million euros between January and September, 65% more than in the same period of 2023. Concretely, until the ninth month of the year, 85% of Ebitda was converted into cash flow, compared to 50% in the same period last year.
In total, the company has so far secured four new concessions in 2024, “which demonstrates the strength of its growth platform and the high success rate in the competitions in which it participates”, he said.
Capital increase of Sacyr
Last May, Sacyr carried out a capital increase with removal of preferential subscription rights 222 million euros.
In this context, the capital obtained will help cover the company’s investment needs until 2027.
In addition, this operation will allow the company to improve the liquidity of sharesas well as obtaining greater financial flexibility to achieve objectives rating Investment Grade, one of the objectives set in the strategic cycle planned for the period between 2024 and 2027.
