Report
Luis Arredondo
EUR 100.00 For Business Accounts Only

SACYR: 4Q’23 RESULTS (ANÁLISIS BANCO SABADELL)

4Q'23 vs. 4Q'22 Results
Sales: € 1.365 Bn (-22.4% vs. -26.6% BS(e) and -28.6% consensus);
EBITDA: € 543.0 M (-6.1% vs. -17.0% BS(e) and -23.0% consensus);
Net Profit: € 61.0 M (+41.9% vs. +291.2% BS(e) and +118.6% consensus);
FY2023 vs. FY2022 Results
Sales: € 4.609 Bn (-21.2% vs. -22.5% BS(e) and -23.1% consensus);
EBITDA: € 1.523 Bn (+1.4% vs. -2.8% BS(e) and -5.1% consensus);
Net Profit: € 153.0 M (+37.8% vs. +134.4% BS(e) and +67.6% consensus);
4Q’23 Results came in above expectations on the operating level (EBITDA € 543 M vs. € 479 M BS(e) and € 445 M consensus) with a more positive sales (-22% vs. -27% BS(e) and -29%
Underlying
Sacyr S.A.

Sacyr is the parent company of a group engaged in the acquisition, development and construction of urban properties for their subsequent rental or resale. Co. primarily leases and sells office buildings and complexes, housing units, and shopping centers. Co. is also engaged in the operation of urban car parking facilities. Co. offers services related to the real estate industry such as technical assistance in energy savings, inventory management, architectural design, telecommunications management, property maintenance, as well as gardening and landscaping. Co. also provides consulting services in the real estate fund management sector.

Provider
Sabadell
Sabadell

Analysts
Luis Arredondo

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