Mota-Engil profits 37% more until June and reaches record in the order book

In the first half of the year, Mota-Engil obtained a positive net result of 12 million euros, 37% more than the profit achieved in the same period last year, the construction company revealed in a statement to the Securities Market Commission (CMVM).

The group’s turnover in the period from January to June amounted to 1.35 billion euros, with a growth of 19% compared to the same period in 2021. On the other hand, EBITDA (earnings before interest, taxes, depreciation and amortization ) increased by 14% to €207 million.

In its presentation to the market, Mota-Engil emphasizes that both turnover and EBITDA reached “historic highs” for the first half of the year.

Turnover was driven by the engineering and construction division, whose revenues increased by 28% to 1.12 billion euros, mainly benefiting from higher turnover in Africa (where Mota-Engil’s turnover grew by 54%, to 449 million euros) and in Latin America (up 36% to 430 million euros).

In Europe, Mota-Engil’s turnover fell by 7% year-on-year, to 251 million euros.

The environment business grew by 9%, reaching revenues of 220 million euros by June.

Another record pointed out by Mota-Engil in its presentation to the CMVM is that recorded in the order book, which at the end of June totaled 9.23 billion euros, 22% more than in December 2021.

The vast majority of these orders are in the engineering and construction sector (8.7 billion euros), where roads account for 41%, railways 35%, industrial engineering 16% and construction. civilian 8%.

Of the total orders that Mota-Engil has in hand, 51% are in Africa, 33% in Latin America, 11% in Europe and 5% in the Environment division.

In June, the Portuguese construction company’s net debt was 1,117 million euros, corresponding to 2.6 times the group’s EBITDA.

Source: Expresso by

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