Sacyr has posted strong earnings for H1 2023, with steady revenue and a 28% increase in EBITDA. This success stems from the company’s focus on the highly-profitable concession segment. Additionally, Sacyr’s strategy to eliminate its recourse net debt by 2023 is making headway. The recent decision to sell the bulk of its Services business is expected to bring in around €500 million in cash, helping to reduce the existing €627 million in recourse net debt.
