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HomeLatest NewsAbertis earns 668 million in 2022, 3% less despite increasing revenue

Abertis earns 668 million in 2022, 3% less despite increasing revenue

Date: April 1, 2023 Time: 17:29:36

The highway company Abertis closed 2022 with a net profit of 668 million euros, which represents a drop of 3% compared to a year earlier, despite registering an improvement in both revenue and operating result.

As stated in the income statement of Hochtief, the German construction company of ACS through which the Spanish adds a 50% stake minus one share in Abertis, the highway company’s revenues grew by 5%, to 5,102 million of euros.

Improve income

The group’s gross operating result (Ebitda) was 3,536 million euros, 6% above the previous year, which allowed it to distribute a dividend of 602 million euros, of which ACS indirectly pocketed around to 300 million, in proportion to their participation.

The company has also made a comparison of the income statement from last year with respect to 2021, taking into account a constant portfolio. In this case, revenue would have grown by 14% and Ebitda by 16%.

As for Hochtief, in which ACS controls 70% of the capital and contributes 67% of the Ebitda of the Spanish company, it also reported a net profit of 481.8 million euros, which represents a growth of 132% compared to 2021. .

Its CEO -and also of ACS–, Juan Santamaría, explained that this increase is due to the good evolution of cash generation and the increase in the project portfolio, especially focused on technological infrastructures and energy transition .

Hochtief Results

Hochtief’s sales amounted to 26,200 million euros, 23% more, driven mainly by America and Asia Pacific, while Ebitda was 1,184 million euros, 10.6% higher than the previous year.

The German company was awarded new works for a total value of 30.1 billion euros during this period, 9% more than in 2021, which boosted its order book to 51.4 billion euros.

Looking ahead to 2023, Hochtief’s goal is to achieve an operating profit of between 510 and 550 million euros and increase the dividend to 4 euros per share, compared to 1.91 euros last year, more than double.

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.

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