In 2023, the construction company obtained a net profit of US$ 165.6 million, 39% more in 2022.
The president and CEO of Sacyr, Manuel Manrique, has defended that the process recently initiated by the company to sell a series of assets in Chile and Colombia has aroused "great interest" among investors and is still analyzing the offers that are going forward. presenting.
In a conference with analysts, Manrique has announced that the operation in Colombia will only focus on the sale of a minority stake in some concessions that it operates in that country, where it has more than 520 kilometers of concessioned roads.
For its part, in Chile it has referred to the "rotation of a certain asset", without giving more details in this regard, pending the presentation next spring of the company's new strategic plan for the period 2024-2027.
"We will continue to advance in 2024 with the rotation processes of mature assets, both in Colombia, on a minority basis, and in Chile, to obtain new resources that allow us to continue investing in concessions in those and other countries," explained the manager.
In the meeting with analysts, he also specified that the net debt with recourse closed the year at US$ 291 million, although this figure has already dropped in these first months of the year to US$ 210 million, after receiving a payment of US $81 million from the Uruguay Central Railway and Madrid 12 Octubre Hospital projects, which was initially planned in December of last year.
In any case, Manrique has admitted that this figure is not what was expected, due to the "extraordinary" rise in interest rates, which meant an extra expense of up to US$64.9 million in interest, compared to what was expected. previously.
In 2023, Sacyr obtained a net profit of US$ 165.6 million, 39% higher than the US$ 120 million profits it registered in 2022, with a gross operating result (Ebitda) of US$ 1,649 million, a 7% more.
REMUNERATION
Last year, Manrique received a total remuneration of US$ 7.3 million, which is 0.65% less than in 2022, distributed mainly in a salary of US$ 1.8 million, a short-term variable component of US$ 2 million and another long-term one of US$ 1.5 million.
Added to these amounts are US$ 1.5 million for the gross profit from the shares or consolidated financial instruments derived from the 2021-2023 multi-year bonus plan, as well as US$ 121,280 for the fixed remuneration as a director and US$ 62,805.9 for their membership in council committees.
As a whole, the company's highest management body received US$9.1 million last year, a figure similar to the US$9 million the previous year.
