Sacyr returns to the Ibex 35 six years later after increasing its order book by 70% in this period

MADRID, 9 Jun. (EUROPA PRESS) -

The Ibex Technical Advisory Committee has announced that Sacyr, together with Acciona Energía, will join the Ibex 35 from June 20, replacing Almirall and CIE Automotive.

Sacyr's return to the selective takes place six years after his departure, in June 2016, when it was trading at 1.6 euros per share, compared to the 2.6 euros at which its shares are currently traded, which represents a revaluation of 62% over these years.

Added to the rise in the price of its shares are the dividends paid from all these years for a total of 0.35 euros in cash per share, which brings the total appreciation for its shareholders to 84% during the time it has been out of the Ibex 35.

The next dividend, for a cash amount of 0.066 euros per share, will be delivered on June 21, although the shares are already listed without the right to receive it since last the 3rd of this month. You can also choose to collect it in the form of new shares in a ratio of one new title for every 39.

The company entered the index in June 2003, although with its old name of Sacyr Vallehermoso. Ten years later, in October 2013, with the sale and deconsolidation of Vallehermoso, its housing and land development subsidiary, it was listed on the Ibex under its new name.

In these last six years outside the Ibex 35, the company has gone from invoicing 2,949 million euros in 2015 to 4,675 million in 2021, 58% more, at the same time that it has tripled its gross operating profit (Ebitda), to 923 million, compared to 318 million in 2015.

Sacyr has also increased its project portfolio by 70% in this period, reaching now 46,000 million euros, in contrast to 27,000 million six years ago.

With the focus now on the concession market, which concentrates 80% of its project portfolio, the company's objective is to reach an Ebitda of 1,200 million by 2025 and reduce net recourse debt to below 500 million in 2022 .

Within the computable period that the Ibex committee takes into account to decide on new incorporations, which runs from December 1 to May 31, Sacyr accumulates 618 million traded on the Stock Exchange, which places it in 35th place, which contrasts, not However, with the 19,000 million from Santander, number one in the selective.

Its average capitalization in this period is 1,445 million euros, ahead of Meliá, PharmaMar or Almirall, which are listed in the selective. Currently, Sacyr's stock market capitalization amounts to 1,720 million euros.