Spain · Delayed Price · Currency is EUR Obrascón Huarte Lain Earnings Call Transcripts
Fiscal Year 2025
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2025 saw strong financial and operational transformation, with sales and EBITDA exceeding targets, major debt reduction, and improved governance. Legal uncertainties were resolved, and guidance for 2026 is optimistic, with further margin and cost improvements expected.
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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.