Sacir says one step is far from being understood sells 49% of the Chilean branch of the concession, which was confirmed by the financial director of the group afternoon, Carlos Mijangos, before analysts and investors. The group would thus enter the investor who became her the first market for infrastructure exploitation. The closure of the operation is expected in the spring of 2019.
Sacir argues that he has completed the selection of "more patterns of interest", which now open the analysis phase. The Chilean Concession Basketball consists of six highways (685 kilometers), Antofagasta Airport and Hospital (671 beds), which makes a total investment 2.450 million. Participation in these funds, of which the highway and the airport will still work, oscillates between 50% and 70%.
In the Chilean market, the concession has generated revenue 117 million euros in the first three quarters, accounting for 21% of the turnover of the Sacir Concesiones. The weight in traffic is similar to that in Spain and exceeds it in other Sacir Concesiones markets.
Exceptional reactivation in construction
A strong move of engineering and infrastructure Sacir, in the face of lukewarm behavior in this business that is shown by competitors Ferrovial and FCC, launched the results of the company, which was chaired by Manuel Manrikue at the end of the third quarter.
Sacir announces EUR 373.8 million of total EBITDA, with an improvement of 37.6% compared to the same period of 2017. In the case of Sacir Ingenieria e Infraestructuras, which contributes 95.1 million, the increase is 281%. However, it remains the main driver of the group's gross operating profit area of concession, with 195 million and an improvement of 12%.
The company has a net profit of 109 million, 13% above the one it declared a year ago, after four business areas achieved an increase in ebitda.
Revenues amount to EUR 2,702 million (58% abroad), 20% higher, and the gross margin increases from 12.1% in September 2017 to the current 13.8%.
The portfolio also shows a significant increase of 40%, to 41.633 million euros, and the net debt amounted to 3.817 million euros, after total sales in Itinere, which is still in the process of materialization, are calculated.
The return to normality on the Sacir accounts enabled the re-launch of a regular dividend policy, with a 4.2% annual return. So far this year, shareholders have been paid with two dividend dividend, in January and July.