Mota-Engil nine-month turnover up 66%, on track for year-end goal
November 14, 2023 at 05:22 am EST
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LISBON, Nov 14 (Reuters) - Portugal's largest builder
Mota-Engil is on track to achieve its turnover goal of
5 billion euros ($5.36 billion) this year after posting a 66%
jump in January-September as well as record orders, the company
said on Tuesday.
The construction company, which operates in 20 countries
across Africa, Europe and Latin America, booked overall sales of
4.02 billion euros ($4.30 billion) in the first nine months.
Turnover in Latin America grew 129% to nearly 1.98 billion
euros, followed by Africa, where sales rose 31% to 1.06 billion
euros. In Europe, they increased 30% to 498 million euros.
Net attributable profit reached 51 million euros in the nine
months, but Mota-Engil, which usually posts results every six
months, did not provide a year-ago comparison. Full-year profit
reached 41 million euros in 2022.
Earnings before interest, taxes, depreciation and
amortisation (EBITDA) rose by 56% to 551 million euros, with the
EBITDA margin dipping to 14% from the previous year's 15%.
The company's order backlog hit an all-time high of 13.6
billion euros, up from 12.6 billion at the end of 2022,
bolstered by large projects mainly in Angola, Nigeria and Mexico
related to railway infrastructures.
($1 = 0.9335 euros)
(Reporting by Patrícia Vicente Rua; Editing by Andrei Khalip)
Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.
MOTA-ENGIL, SGPS, S.A. 
