The Martifer Group, which generates more than 80% of its turnover in foreign markets, has a robust order book of up to 512 million euros, mainly in the field of steel structures and the naval industry, of which 23% will be fulfilled this year, and the remaining 77% in subsequent years.
A positive outlook for the Oliveira de Frades-headquartered group, which ended the first half of this year with a profit of € 5.8 million, nearly four times the net result of € 1.5 million for that year. same period last year, according to the communique. sent to the Brazilian Securities Market Commission (CMVM) this Thursday 26 Aug.
EBITDA (earnings before interest, taxes, depreciation and amortization) nearly doubled to € 12.6 million compared to last year, “with EBITDA in all operating segments positive,” said the company led by Pedro Duarte.
After a return to positive equity at the end of 2020, for the first time in five years, the figure was € 11.5 million at the end of June last year, with capital attributable to the group at € 12.8 million.
Meanwhile, Martifer continues to reduce its debt, with total debt falling by six million euros compared to December 2020 to 114 million euros, and net debt falling from three million to 73 million euros.
Operating profit reached € 125.3 million in the first six months of 2021, an increase of € 14.1 million over the same period last year.
By business line, steel construction contributed 67 million euros to total sales, followed by the shipbuilding industry with 52.5 million euros and the renewable energy segment with 6.6 million euros.
Reinforce export profile in metal structures and build a new dock in the West Sea.
“Having achieved the goal of economic and financial sustainability,” the group, controlled by brothers Carlos and Jorge Martins, “intends to solidify the trajectory of recent years through strategic, clear and objective positioning of the business unit,” says Martifer.
In the core business of metal construction, the strategy includes “seeking opportunities in line with the aim of strengthening the group’s export profile, increasing industrial capacity in Portugal for foreign markets where Martifer is present”.
In addition to “strengthening industrial equipment maintenance activities”, the naval industry intends to “invest in a new dock” at the West Sea shipyards in Viana do Castelo worth € 18 million, “strengthening the weight of this. unit of business in the turnover of the group ”.
In the energy segment, he promises to “stimulate the development of renewable businesses through asset rotation or exploit the opportunities of wind and solar projects, and continue to build on the successes achieved, in particular in wind and solar energy auctions in Poland,” and also because, “paying tribute to the DNA groups, look for opportunities, in particular in the energy sector, in line with the challenges of the energy transition and the goals of decarbonizing the economy. “
