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June 03, 2015 11:01 AM ET

Transportation Infrastructure

Company Overview of Sacyr Concesiones S.A.

Company Overview

Sacyr Concesiones S.A. engages in construction and operation of motorways. The company is based in Spain. The company operates as a subsidiary of Sacyr Vallehermoso SA.

,  

Spain

Founded in 2008

Key Executives for Sacyr Concesiones S.A.

Sacyr Concesiones S.A. does not have any Key Executives recorded.

Sacyr Concesiones S.A. Key Developments

Sacyr Concesiones Wins a USD 275 Million Contract for the Improvement and Operation of a 202 km Corridor

Sacyr Concesiones has entered the Colombian market as it won a USD 275 million contract for the improvement and operation of a 202 km corridor. The National Infrastructure Agency (ANI) in Colombia announced that, for the next 25 years, Sacyr will be in charge of Corridor 5 between Puerta de Hierro - Palmar de Varela - Carreto and Cross del Viso.

Sacyr Concesiones Announces Earnings Results for the First Quarter of 2015

Sacyr Concesiones announced earnings results for the first quarter of 2015. For the quarter the company announced that its turnover totaled 132.7 million (20%) and EBITDA was €44 million (125% year-on-year) due mainly to the change in consolidation of eight assets; excluding this effect, EBITDA would have risen by 16.8% as a result of the increase in traffic, the advanced degree of completion of the concession work in Chile and the entry into operation of a section of the Rutas del Desierto highway (Chile) at the end of 2014.

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