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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 normalization of the group in terms of business and results was accompanied by shareholder compensation, with two flexible dividend distributions that "relaunch the regular dividend policy" and they place the profitability of the shareholder this year at 4.2%.
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