Sacyr Agua
Sacyr Agua is a company that is part of the pulse of the water sector. Here we bring together everything it publishes on Smart Water Magazine: its news, its blogs and the events it takes part in.
Sacyr allocated €12 million to its innovation budget in 2024 to develop 42 projects
70% of initiatives targeted sustainability issues and 14 were co-developed with start-ups.
Sacyr executive team will propose appointing Pedro Sigüenza as company CEO
Today, the executive team has unanimously decided to propose appointing Pedro Sigüenza as the company’s new CEO. This decision will be brought to the company's Annual General Meeting, likely to be held next June. Approval of this proposition will allow Pedro Sigüenza’s appointment by the Board of directors to be effective immediately. The new CEO, currently CEO of […]
Sacyr reaches agreement to sell 100% of Sacyr Facilities to Serveo for €87 million
Sacyr reinforces its focus on the P3 asset development business. Proceeds from the operation will be earmarked to reduce its net recourse debt.
Sacyr raised EBITDA by 63% to 1,502 million, and achieved record 26% profitability rates
The company experienced record growth rates in 2022 thanks to its investment strategy in concessional assets. Business net profit was €111 million. Sacyr brought six new P3 projects into operation in 2022, a demonstration of its capacity to develop and commission awarded contracts. Sacyr reached the main goals set in the Strategic Plan at financial close in 2022. The company aims to drastically reduce its recourse net debt in 2023 after the divestment processes launched recently. Backlog grows by 19% and to nearly €55 billion. In 2022 Sacyr was awarded three new P3 projects: Velindre Cancer Center (United Kingdom), Buga-Buenaventura highway and the Canal del Dique project (Colombia).
Sacyr receives National Innovation Award 2022
The King and Queen of Spain presented Manuel Manrique, Chairman of Sacyr, with the award in the Large Company category. The Ministry for Science and Innovation recognizes Sacyr’s business model “based on innovation and a new vision on the deployment of infrastructures and services”.
Sacyr water manages four water treatment O&M contracts in Navarra
The water management network supplies 17 municipalities with over 450 bio and physical treatment facilities.
Sustainalytics ESG Risk Rating: SACYR is leader in sustainability in Spain’s infrastructure sector
This prestigious rating, developed by Sustainalytics, a Morningstar company, assesses the performance of companies based on ESG criteria: environmental, social, and corporate governance. Sacyr ranks 4th place among construction and infrastructure companies internationally, and first among companies within the US$1.6 billion to US$1.8 billion market cap range.
Sacyr boosted its EBITDA by 25% to €243 million
The company’s focus on P3 projects shows on the EBITDA: this type of assets, with low demand risk, were 83% of the EBITDA this year. The future revenue backlog grew by 5% to €48,343 million.
SACYR raises ebitda by 28% to €923 million in a year with a record backlog
The operating cash flow increases to 15%, to € 629 million, which to cutting net recourse debt by 19%, to € 681 million; this fulfills the company’s commitment to reducing it below € 700 million. The company registers a net profit of – € 189 million largely due to the change in the accounting method of its participation in Repsol, and the recording of a provision for the Radiales project. This impact only has accounting effects and does not entail cashout flow for the group. Sacyr’s focus on P3 projects is reflected on its EBITDA: these assets represented 83% of the EBITDA in 2021. Profitability soars to 19.7%, significantly higher (+24%) than that in 2020 (15.9%). The revenue backlog increases by 17%, to nearly € 46 billion, after a year with a record order intake in which the group accrued an € 11 billion backlog worth of new contracts.