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Sacyr maintains the firm march that she has already shown in the first quarter. The group settled the first half of the year with a net profit of 72.3 million which implies an increase of 19.8% compared to the comparable period of 2017. The group chaired by Manuel Manrique raised 18.3% of his turnover, up to 1.803 million (60% abroad), and he gets an EBITDA close to 239 million euros until June, with an increase of 25.2%
The reports presented this morning reflect a significant advance in all divisions of the group, being particularly significant in Sacum Ingeniería and Infraestructuras y Sacrón Concesiones . Construction areas increased by 27.3% (up to 803.8 million) and 184.2% (up to 61.1 million), respectively. The company argued that this is due to the higher turnover rate of major ongoing projects and the contribution of the works on the Italian highway Pedemontana-Veneta.
With respect to concessional activity, its revenues increased by 25% (325, 7 million) and EBITDA was 15.1% (128.5 million), showing signs of Entering a higher performance phase after years of rebuilding the motorway division once the company disengaged. Itínere just started the crisis
The standardization of the group in terms of activity and results is accompanied by shareholder compensation, with two flexible dividend distributions (January and July) that "revive the regular dividend policy" and place the declaration for the shareholder this year at 4.2%.
The portfolio grows by 40%
The future income portfolio totals 42,122 million with 71% of the volume of these contracts signed outside of Spain. This overall figure is 40% higher than the one reported in June 2017 and 3% higher than the end of last year. This morning, Sacyr has highlighted its first three construction contracts in the United States, for an amount of 115 million. The North American market was considered a priority in the strategic plan 2015-2020
Sacyr has a net debt of 3.719 million, 300 million more than the December indebtedness last ] The company had a financial cost of $ 114 million in the first half, 30% more than in June 2017 . The average interest rate borne by the company is 3.6%.
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