Mota-Engil, SGPS, S.A. Reports Earnings Results for the Half Year Ended June 30, 2023
August 31, 2023 at 03:31 am IST
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Mota-Engil, SGPS, S.A. reported earnings results for the half year ended June 30, 2023. For the half year, the company reported sales was EUR 2,557.8 million compared to EUR 1,354.39 million a year ago. Net income was EUR 29.84 million compared to EUR 11.73 million a year ago.
Basic earnings per share from continuing operations was EUR 0.099 compared to EUR 0.039 a year ago. Diluted earnings per share from continuing operations was EUR 0.099 compared to EUR 0.039 a year ago.
Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.