OHL ended the 2019 financial year having met its EBITDA, Sales and Portfolio forecasts.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) totalled 64.8 million euros in 2019, compared to a loss of 496.0 million euros in 2018. The company also posted an operating profit, compared to a loss of 561 million euros in 2018.

Of note is Construction EBITDA totalling 75.5 million euros (3.1% of sales), which represents greater profitability than the figures reported for the previous three quarters and which surpasses the company’s 2019 targets. In 2018, OHL posted a loss of 329.6 million euros in this category.

Sales totalled 2,959.9 million euros, which consolidates the gross margins of prior quarters; 72.1% of revenue was generated abroad. The two leading geographical areas in terms of sales distribution were Europe (41.0%) and the USA (33.9%).

The total portfolio stood at 5,457.9 million euros, with contracting of 2,667.7 million euros per year: 43.8% in Europe, 33.8% in the United States and 21.8% in Latin America.