International scenario

Manuel Manrique broke down to the shareholders the complex international scenario in which Sacyr develops its activities, still affected by the Covid-19 pandemic, and with the war in Ukraine straining the markets. " As a company, we are responding adequately to these enormous challenges", Manrique pointed out; he also highlighted the sharp increase in prices and the shortage of raw materials.

“These are causes of major force that are affecting the deadlines and budgets of our projects underway. We are doing our best to manage it with the greatest efficiency to avoid any undesirable consequences", he told the shareholders.

In this context, the Chairman of Sacyr appealed to the different Governments: “They need to take more serious measures to compensate for these very relevant variables in public construction contracts if they want to keep economic activity from being affected”, he stressed.

In any case, the top executive of the company pointed out that Sacyr is prepared to face any adverse situation, thanks to its proper balance sheet composition, high liquidity and the "secure and solid" nature of P3 assets.

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