Spain · Delayed Price · Currency is EUR Obrascón Huarte Lain Earnings Call Transcripts
Fiscal Year 2025
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2025 marked a decisive year with record debt reduction, strong sales and EBITDA growth, and a return to profitability. Major legal uncertainties were resolved, governance was strengthened, and the order book reached an all-time high, supporting a positive outlook for 2026.
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Sales reached €1.69B and EBITDA €84M in H1 2025, up 46% year-over-year, with strong construction margins and a robust order backlog. Recapitalization, capital increases, and major legal wins have improved financial stability, while guidance for 2025 remains on track.
Fiscal Year 2024
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2024 results exceeded all targets, with sales up 16% and EBITDA up 11.3% year-over-year. Leverage ratio dropped to 2.2x EBITDA, supported by a successful EUR 150 million capital increase and major debt reduction. 2025 guidance targets further growth and profitability.
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Sales and EBITDA saw double-digit growth year-over-year, with record order intake and backlog supporting future performance. Asset sales and a planned capital increase aim to further reduce leverage and strengthen the balance sheet.