Sacyr elevates 2,800 million euros the value of its concessions

Sacyr Concesiones has celebrated its investor's day this Thursday, in which he has presented the state of the company and strategic plan until 2025. The plan p

Sacyr elevates 2,800 million euros the value of its concessions

Sacyr Concesiones has celebrated its investor's day this Thursday, in which he has presented the state of the company and strategic plan until 2025. The plan plans to triple EBITDA, which will pass from 265 million from 2020 to 1,000 million. The company expects to duplicate income in that period, which will amount to 26,000 million euros.

The president of the company. Manuel Manrique, has announced that the current value of the concessions he manages Sacyr amounts to 2,800 million euros, compared to 1,800 from two years, and the forecast is to raise them up to 3,700 million in four years.

Sacyr contemplates a "drastic reduction in corporate debt", despite the growth of concessional activity, to place it at 100 million euros at the end of the period.

The eight greater assets of Sacyr Concessions (Pedemontana, A3 and A5 - A-21 (Italy); Avo I (Chile); Rumichaca-Pasto and Pamplona-Cúcuta (Colombia); University of Idaho (United States) and Central Railway (Uruguay )) They represent 60% of the company's assessment. The portfolio of potential projects identified in markets of interest to the Group (Europe, English-speaking countries and Latin America) reaches 68,000 million euros.

Sacyr Concessions is present in 15 countries and has 65 assets in portfolio, of which 15 are in the construction phase. The investment managed by the concessionaire is 18,200 million euros and the portfolio of future revenues reaches 36,000 million euros, as the company has informed today to investors.

Regarding the participation of Sacyr in Repsol, Manrique has reported that the remaining 3% that will remain in the capital of the oil company once it has been unnveloped by 5%, and it will reduce in the next years up to 2024 as contracts Protection governing and the Board of Directors decides.

Updated Date: 08 October 2021, 12:11

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