Mota-Engil sees European and Latin American growth

By Sandy Guthrie22 May 2015

Growth in Europe and Latin America has been reported by Portuguese-based group Mota-Engil for the first quarter of this year, although it said that there had been lower activity in Africa as a result of Angola’s weaker performance and the completion of the Nacala rail corridor project in Mozambique.

Overall, it said its turnover of €484 million was flat year-on-year, with the negative African contribution offset by Europe and Latin America.

It said that revenues outside Europe made up approximately 64% of the total figure. EBITDA (earnings before interest, taxes, depreciation and amortization) was said to be down 14% to €65 million.

The company – which is in construction, public works, port operations, waste, water and logistics – reported that its order book had expanded by €211 million to €4.6 billion, of which 78% was outside Europe.

Mexico was said to remain the largest country in terms of backlog, at €1.3 billion.

The engineering and construction sector in the first quarter reported turnover of €123 million, up 16% over the first quarter of last year, with Portugal and Central Europe making positive contributions.

Latest News
Allied Crane Hire adds mobile crane to fleet
The crane and heavy transport company Allied Crane Hire has taken delivery of a Liebherr LTM 1230-5.1
Himoinsa to launch battery power genset
EHR Battery Power Generator range offers up to zero emissions and lowers fuel costs through efficient energy use
Rental rate rises assist Sunbelt to pre-Covid revenue levels
Sunbelt Rentals’ first quarter revenue up 22% on 2020 and 12% on 2019, partly thanks to increasing rental rates