Throughout 2020, Sacyr worked tirelessly to minimize the effects of the pandemic on the company and protect our most valuable assets, the more than 44,600 professionals who make up Sacyr, our clients, users, and our collaborators.
In this challenging context, the strength of our business—focused on concession assets with low demand risk—is evident. In 2020, EBITDA rose 6.5%, to 724 million euros, turnover grew 9.1%, to 4.548 billion euros, and profitability (margin-to-EBITDA) stood at 15.9%, slightly below 2019 levels (-0.4 pp).
Nearly 80% of EBITDA originated from the concession activity of the three business areas: Concessions, Engineering and Infrastructure, and Services. Thanks to this approach, the company has managed to successfully weather the effects of the pandemic.
The group’s attributable net profit reached 36 million euros, compared to losses in 2019 due to the Repsol allocation.
With regard to business evolution, net profit reached 181 million euros, relative to 120 million in 2019.