The saint says he is one step away from understanding 49% of the sale of Chilean concession subsidiary, as confirmed by the Group's Chief Financial Officer tonight in the afternoon, Carlos Mijangos, before analysts and investors. This would allow the group to enter the investor who has become it the first infrastructure exploitation market. The closure is expected by spring 2019.
Sacyr claims to have completed selection between "several interesting samples", which is now starting the analysis phase. Chile's concession basket consists of six motorways (685 kilometers), an airport and Antofagasta Hospital (671 beds), the total contribution 2,450 million. The participation in these assets, from which the highway and the airport continue to operate, fluctuate from 50% to 70%.
The Chilean concession market has generated revenue from 117 million euros the first three quarters, accounting for 21% of Sacyr Concesiones' turnover. The turnover is similar to that in Spain and exceeds the other Sacyr Concesiones market.
Significant reactivation in construction
Engineering and Infrastructure Sacyr, given the rebirth of traditional competitors in this business Ferrovial and FCC, has resulted in the results of Manuel Manrique's company at the end of the third quarter.
Sacyr declares a total EBITDA of 373.8 million compared to the same period in 2017, increasing by 37.6%. In the case of Sacyr Ingenieria e Infraestructuras, which amounts to 95.1 million, the increase is 281%. However, the main driver of gross operating profit is still concession area, with 195 million and an improvement of 12%.
The company has a net profit of 109 million, which is 13% higher than declared a year ago, after four business areas have reached ebitda growth.
Revenues amount to EUR 2 702 million (58% abroad), by 20% more, and gross earnings increase from 12.1% in September 2017 to 13.8%.
The portfolio also represents a significant increase of 40% to EUR 41,633 million and the net debt of EUR 3,817 million, when the sale of the entire Itinere has been listed, continuing materialization.
Returning under normal circumstances enabled Sacyr's accounts to resume a regular dividend policy with the aim of achieving an annual return of 4.2%. So far, two shareholders have been paid this year share dividends, January and July.