• 2020 Results

2020 results reflect our solid business model

In a complex global environment, complicated by the COVID-19 crisis, we increased turnover (+9.1%), EBITDA (6.5%), and operating cash flow, demonstrating the success of our strategy, focused on concession assets.  

  • 2020 Results
  • Spain

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.

724

MILLION EURO

2020 Ebitda

39,185

MILLION EURO

Backlog

15.9%

MARGIN-to-EBITDA

Of our activities

Backlog

The future revenue backlog closed 2020 at 39.185 billion euros, a 9.1% decline relative to 2019 on divestments in 2020 and a slowdown in tenders worldwide due to COVID-19.

Recourse debt remained relatively unchanged (836 million vs. 848 million in 2019), while debt associated with projects grew to 4.367 billion euros. This increase is attributable to the company’s investment activity in new P3s.

Cash projections show available liquidity devoid of tension, given that a large portion of financing has long-term maturities. In conjunction with the group’s cash, the group has 300 million euros in credit facilities.

Evolution by business area

Concessions.- Sacyr Concessions obtained turnover of 1.381 billion euros (+23%), while EBITDA reached 365 million euros (+5%). The future revenue backlog, which stands at 30.895 billion euros, does not yet include the contract for the A3 Naples-Salerno highway (Italy), the Buin Paine Hospital in Chile and the RSC-287 highway concession in Brazil.

In 2020, Sacyr Concessions was awarded its first asset in the US, the management of energy services at the University of Idaho. The company has 45 assets in operation and 13 under construction.

Engineering and Infrastructure.- Turnover reached 2.612 billion euros (+12%) and EBITDA grew another 12%, to 291 million euros. The project backlog climbed to 5.622 billion euros, representing 29 months of activity, roughly 50% of which corresponds to the work of Sacyr Concessions. 

Services.- Turnover for this division declined 3%, to 992 million euros, on the transfer of Water to Concessions. EBITDA reached 89 million euros,  while EBITDA margin remained at 8.9%, consistent with 2020 figures. 

The Services backlog totals 2.668 billion euros, with the incorporation of new contracts. 

  • 2020 Results
  • Spain
Featured projects

We use our own and third party cookies for analytical purposes. Click on HERE for more information. You can accept all cookies by clicking the "Accept" button or set them up or refuse their use by clicking .

Cookie declaration

These cookies are necessary for the website to function and cannot be disabled in our systems. These cookies do not store any personally identifiable information.

Name Provider Purpose Expiration Type
LFR_Sesión_STATE_* Liferay Manage your session as a registered user Session HTTP
GUEST_LANGUAGE_ID Liferay Determines the language with which it accesses, to show the same in the next session 1 year HTTP
ANONYMOUS_USER_ID Liferay Manage your session as an unregistered user 1 year HTTP
COOKIE_SUPPORT Liferay Identifies that the use of cookies is necessary for the operation of the portal 1 year HTTP
JSesiónID Liferay Manages login and indicates you are using the site Session HTTP
SACYRGDPR Sacyr Used to manage the cookie policy Session HTTP

These cookies allow us to count visits and sources of circulation in order to measure and improve the performance of our site. They help us know which pages are the most or least popular, and see how many people visit the site. All information collected by these cookies is aggregated and therefore anonymous.

Name Provider Purpose Expiration Type
_gat Google It is used to throttle the request rate - limiting the collection of data on high traffic sites Session HTTP
_gid Google It is used to store and update a unique value for each page visited Session HTTP
_ga Google This is used for statistical and analytical purposes for increasing performance of our Services Session HTTP