MADRID, May 25. (EUROPE PRESS) –
OHLA registered net losses of 7.8 million euros in the first quarter of the year, a figure 35% lower than the negative result of 12 million euros that it obtained in the same period of 2022, as reported this Thursday by the company to the National Stock Market Commission (CNMV).
Group sources have explained to Europa Press that its first quarter results are in line with the consolidation of margins and sales expected by the company and have attributed the reduction in losses to business growth, better margins and cost control. carried out by OHLA.
The infrastructure group has explained that its financial information for the first quarter considers the Services activity as an interrupted activity after its decision to divest from this line of business, as announced last February. According to sources from the group, this divestment is expected to be completed this year.
OHLA’s gross operating result (Ebitda) improved by 39.9% between January and March compared to the same period in 2022, reaching 20 million euros, while its net operating result (Ebit) fell by 64 .8%, up to 6.3 million euros.
Group sales amounted to 637.5 million euros in the first three months of the year, 16% more than those registered between January and March 2022. Of the total sales, 76.1% come from OHLA’s activity abroad.
Specifically, by geographical areas, Europe represented 44.3% of the company’s sales; North America accounted for 38%; Spain concentrated 23.9% of the turnover and Latin America, 17.4%.
OHLA has highlighted that its first quarter results highlight the progress of the business and confirm “the good trend” of the Ebitda margin on sales which, in the case of construction, reached 4.5% in the first quarter.
(((WILL BE EXTENSION)))