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Sacyr obtained a €924 million EBITDA from January to September 2022, a 47% increase compared to the same period in 2021. The EBITDA as of September 2022 already surpassed that of the entire year 2021. 

This significant growth came with an improvement in the profitability rate (EBITDA margin), which stood at a record 22.6%, 360 basis points more than in September 2021. 

The improvement in results over the first nine months of 2022 demonstrate the strength of Sacyr’s business model, which is predictable, recurring and stable, thanks to its focus on the concession business. P3 assets comprise 85% of the company’s EBITDA, which is now 300 basis points higher than in 2021.

Sacyr continues to demonstrate its ability to bring assets into operation with the commissioning of several important infrastructure: AVO I and Ruta 78 (Chile), Mar 1 and Rumichaca-Pasto (Colombia), and the A3 (Italy).

Revenues grew by 24%, up to € 4,092 million, due to the fact that the revenues from P3 assets are directly linked to inflation. Net profits soared to €68 million (+13%).

From January to September, the operating cash flow grew to €427 million, 6% higher than in 2021.

The company gave a boost to its 2021-2025 Strategic Plan with the announcement that it is actively exploring several corporate actions to achieve its recourse net debt reduction goals two years in advance. 

These actions include the search for an investment partner for 49% of Sacyr Water, a divestment of 49% of Sacyr Services and continuing the company’s rotation policy of non-strategic P3 assets.

In the first half of 2022, Sacyr sold its stake in Repsol, which brought a €58 million positive cash result and an associated debt reduction by €563 million. Thus, Sacyr achieved one of the goals in its 2021-2025 Strategic Plan.