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SACYR SA (SCYR)

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SACYR VALLEHERMOSO : Sacyr Vallehermoso's cafeteria and restaurant subsidiary Cafestore awarded four new motorway service areas with a combined portfolio of 96 million euros

06/01/2011 | 01:10pm US/Eastern

PRESS RELEASESacyr Vallehermoso’s cafeteria and restaurant subsidiary Cafestore awarded four new motorway service areas with a combined portfolio of 96 million euros

These new tenders bring Cafestore’s total number of outlets to 31, in eleven of Spain’s autonomous regions, as well as its hospital facilities. The group’s strategic plan includes the opening of a further four outlets this year.

The company’s turnover last year was 31 million euros, a 20% increase on the previous year. This consolidates the company’s position as a benchmark for the market.

Madrid, 4 April 2011: Cafestore, Valoriza’s cafeteria and restaurant subsidiary within the Sacyr Vallehermoso Group (SyV), has recently been awarded four new service areas on the AP 8 and AP 1 motorways in Guipuzcoa Province, which had been put out to tender by Repsol. The service areas are in Hernani, on the San Sebastián Ring Road (kp 22 AP 8), and in the area of Mondragón (kp 21 AP 1).

The new contracts will last for 20 years and have a combined portfolio of 96 million euros. Due to their location, the four new areas will cater for international tourists entering and leaving Spain via France, and for transport professionals.

These new tenders bring Cafestore’s total number of service areas in Spain to 31, in eleven autonomous regions. Cafestore also runs hospital cafeterias in Parla, Coslada and Majadahonda.

Cafestore’s turnover last year was 31 million euros, a 20% increase on the previous year. This consolidates the company’s position as a national benchmark for its industry.

As part of its strategic plan, Cafestore will open a further four outlets this year: a Burger King and a cafeteria at the Moncloa intermodal transfer facility (Madrid) in the urban market; a motorway service area on the A-8 motorway in Bilbao (Ugaldebieta) in the motorway segment; and in the area of hospitals, an additional hospital cafeteria at Majadahonda Hospital.

Cafestore is part of Valoriza, the services subsidiary of SyV. SyV’s income in 2010 was

1.005 billion euros, an 8.4% increase on the 2009 figure of 927 million euros, thanks to organic growth in all four of its areas of activity: water, energy, the environment and multiservices. This included the launch of new projects. EBITDA enjoyed very strong, 21.3% growth, rising to 149 million euros as of 31 December 2010. The operating margin above turnover is 14.9%, compared to 13.3% for the same period of previous year.Sacyr Vallehermoso Communication Tel.: +34 91 545 54 94 / 91 545 52 94 comunicacion@gruposyv.com
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