MADRID, 30 Sep. (EUROPA PRESS) -
Urbas obtained a net profit of 12 million euros in the first six months of 2023, which is 25% less than in the same period of the previous year, due to the extraordinary financial income of 15 million euros that was recorded in the year. gone through financial restructuring.
The infrastructure, sustainable building, real estate development, renewable energy and services company obtained revenues of 151 million euros in this first half of the year, in line with those of 2022, as reported in a statement.
Regarding the gross operating result (Ebitda), it reached 18.3 million euros, thus representing 12% of revenues, and 24% more than the Ebitda achieved in the same period of the previous year.
In this way, Urbas defends that the figures for the first half of the year "demonstrate the solidity of the results obtained", as they only reflect the real result of the company's business, discounting interest, amortization and taxes, and also without including any atypical income. .
Likewise, the total asset value of the company's balance sheet also grew to 1,210 million euros, net worth exceeded 600 million euros and the Working Capital Fund grew to 517 million euros.
After the cancellation since the beginning of 2021 of financial debt for more than 180 million euros (more than 75%), Urbas has developed an active process of restructuring and refinancing its liabilities, canceling debt and diversifying financing avenues.
In this sense, it has reduced its level of financial debt by around 22%, from the 269 million targeted in the first half of 2022 to 210 million euros in the first six months of this year. On the other hand, the first half of the year has concluded with 885 direct jobs in the group.
'We are in a solid position with orderly and substantially reduced debt, a consolidated financial structure and a healthy equity situation to promote Urbas' new growth and expansion strategy,' explains its President, Juan Antonio Acedo.
The manager defends that the group continues its upward projection, developing sustainable and orderly growth with which it plans to consolidate itself as "a global benchmark in efficient housing, water, renewable energy, sustainable fuels, infrastructure for decarbonization and, now also, in the segment Senior and HealthCare".