In his address to the attendants of the Annual General Meeting 2022, Manuel Manrique, the Chairman of Sacyr, gave a detailed explanation of the company’s solid performance in 2021 -the EBITDA increased 28%-, and announced that the company is on track to surpass the goals that it had set in its 2021-2025 Strategic Plan.
“Once rid of the risks of the past, we intend to update the goals in our Strategic Plan in the next few months. We will not settle for doing anything less than our best”, explained Manrique in his address to the shareholders. According to the Strategic Plan, the operating result will grow to 85% in 2025, reaching €1.2 billion; the cash flow will increase by 80%, to €1 billion, and net recourse debt will be reduced to a minimum.
The shareholders, who were encouraged to preferably attend the meeting online to avoid the risks associated to Covid-19, approved by a majority the 2021 annual accounts and the rest of the items in the agenda.