Sacyr has released FY22 earnings ahead of market expectations. Revenue increased by 25% due to the company’s ability to deliver new concession assets and its focus on low risk assets, and EBITDA increased by 63% to €1.5 billion. However, net debt was up by 21% while recourse net debt fell to €546 million, allowing the company to target a total reduction of recourse net debt to €0 by 2023.
