Sacyr Sa (SYRVF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. I'm Manuel Enrique, Executive Chairman of CECIR. Joining me today are Pedro Siguenza, Chief Executive Officer, and Carlos Mijangos, Chief Financial Officer of the company. Thank you all, analysts, investors, and members of the media for joining us today for CECIR's presentation of our financial results for the first half of 2026. Before I begin my presentation, I would like to express our solidarity with everyone affected by the recent severe storms in Chile and the wildfires in Spain. Our thoughts are with all of you. I would also like to express my sincere appreciation and gratitude to our social employees Jose Manuel Loureda Mantinan further strengthening a business model that is increasingly resilient, profitable, and cash generative. The key financial highlights for the first half underscored strong performance. Revenue increased 9% to 2.437 billion euros a beta Also grew 9%, reaching €708 million. Operating cash flow increased 18% on a comparable basis to €631 million. The EBITDA margin improved to 29.1%. And net profit attributable to shareholders reached... 78 million, up 157% from 31 million in the same period last year following the accounting impact of the Colombia divestment. In addition, we remain committed to our financial discipline, maintaining a recourse net debt ratio below one time. Shareholder returns remain a top priority for SACIRC. Javier López-Ulloa Morais If we also include the dividend distributed in January, total shareholder distributions amount to 0.149 euros per share, representing a 21% increase compared with the prior year. We believe this reflects the value SACIR continues to create and our commitment to sharing that value with our shareholders. Another key strength that sets SACIR apart is our unwavering commi...