Sacyr

In the World 19th March 2025

Sacyr awarded another concession in Chile, extension of one already under way, worth €516 million

Intermoney | Sacyr (Buy, PO €4.4) announced yesterday, while the market was open, that it had been awarded a new concession in Chile. This is the Itata Route, which involves an investment of €516 million and includes the improvement, construction, maintenance and operation of existing and new works. These include the improvement of the current routes 152 (75.1 km) and 158 (14.1 km) and a new 6.9 km dual carriageway…

Relevant News Item 28th February 2025

Sacyr’s EBITDA falls, but operating cash flow soars 53% to almost €1.3 billion

Intermoney | Sacyr (Buy, PO €4.4) announced its 2024 annual results yesterday after the market closed, and will hold a conference call today at 11am. The main figures, together with our estimates, are shown in the attached table. The Group has continued to moderate its operating results, mainly due to the accounting effect following the commissioning of new concessions, including the Pedemontana Veneta (PV) motorway, and a reduction in construction…

Relevant News Item 24th February 2025

Ahead of Sacyr 2024 results: pending asset rotation in Colombia; declines in concession revenues

Renta 4 | Awaiting to find out the date on which Sacyr (SCYR) will present its 2024 figures and hold its conference. Overweight, P.O. €4.29. Results that we hope will continue to be in line with the group’s strategy. Single-digit declines expected in concession revenues, as, despite the fact that concessions are still on the rise, construction revenues are falling due to the completion of major projects in 2023. In…

Spanish economy 31st January 2025

Sacyr proposes appointment of Pedro Sigüenza as director and separates functions of CEO and Chairman

Intermoney headquarters| The Board of Directors of Sacyr (Buy, PO 4.4 €) agreed yesterday after the market close to propose to the next shareholders’ meeting the appointment of Pedro Sigüenza as a director of the company with executive qualification in the functions of development and management of the business lines. The approval, if it happens, of this proposal by the General Shareholders’ Meeting will allow Sigüenza to be appointed CEO…

In Europe 3rd December 2024

Sacyr starts operating A21 project in Italy, with €800 million investment planned for concession

Intermoney | The Italian consortium SIS, formed by Fininc and Sacyr (Buy, PO €4.4), has begun operating five sections of the A21 Turin highway, totaling 320 kilometers. This contract, awarded by the Italian Ministry of Infrastructure and Transport, is expected to generate traffic revenues in excess of €2.9 billion over the 12-year concession period. The concession includes the design and execution of the works to improve these sections, with an…

In Europe 22nd October 2024

Sacyr looking at opportunities in Czechia as part of plan to expand markets selectively

Link Securities | Sacyr (SCYR) is looking to selectively expand the markets in which it operates and has turned its attention to the programme of transport infrastructure concessions through public-private partnership models that the Government of the Czech Republic has launched, according to elEconomista. The Spanish company is analysing the opportunities offered by the country both for the development of new motorways and the future high-speed railway line, with investments…

In the World 15th October 2024

Sacyr wins fourth concession of 2024, Ruta del Itata in Chile: minimum 18 years and €1.2 billion revenue portfolio

Intermoney | Sacyr (Buy, PO €4.4) announced on Sunday that it has won the concession for the Ruta del Itata (Northern Access to Concepción), in Chile. This 96-kilometre road connects the Ñuble and Biobío regions, located in the centre of the country. The Ruta del Itata concession will last for a minimum period of 18 years and will have a revenue portfolio of €1.2 billion. Sacyr Concesiones will carry out…

In Spain 30th September 2024

Sacyr awarded concession of Atacama and Antofagasta airports

The General Directorate of Concessions of the Ministry of Public Works of Chile has awarded the concession for the Northern Airport Network of Chile, which includes the airports of Atacama and Antofagasta, to the consortium made up of Sacyr Concessiones (70%) and Cointer (30%). The concession involves an investment of approximately €260 million for the expansion, improvement, and maintenance of the two airport infrastructures, which will enhance service quality and…

Interviews 20th September 2024

“It is a shame that we are able to mobilize economic resources for large-scale projects abroad, but not in our Spanish market”

In an interview with Consejeros magazine, Sacyr’s coordinating advisor, Elena Jiménez de Andrade, explains that now “We have great capacity to win projects, a capacity that until now contrasted with a series of financial limitations and balance sheet size. However, in this strategic cycle, we are going to eliminate those barriers. That is why we have set an ambitious goal for 2033: to triple the value of our assets. We…

Spanish economy 29th August 2024

Sacyr agrees financing with CBP consortium for construction of bridge over Calcasieu River in Louisiana

Alphavalue / Divacons | The Spanish construction company rose +0.56% yesterday after announcing that the Calcasieu Bridge Partners (CBP) consortium had reached financial closure for the bridge over the Calcasieu River. This is the design, construction, operation and maintenance for 50 years of the bridge over the Calcasieu River, part of the Interstate Highway (I-10), located in Louisiana (USA). According to the company itself, the financing includes a $1,333 million…

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