Martifer published its 2019 earnings presentation. 

Here are the highlights:

- Operating Income reached 266.9 M€ of which 138.1 M€ in Metallic Constructions, 97,5 M€ in the Naval Industry and 33.4 M€ in Renewables

- Revenue generated outside Portugal and exports amount to 77% of the Group’s total Revenue

- Improvement in operational performance with EBITDA reaching 28.9 M€ (12.2% margin on Revenue), compared to 15.2 M€ registered in the same period the year before. The operational performance benefited in part from the one-off impact of the sale of photovoltaic parks in Spain

- Gross Added Value amounted to approximately 55 M€, about 23% of the Revenue, which represents a substantial increase in productivity

- Net Profit attributable to the Group of 23.5 M€, enhanced by the positive impact of the sale of assets in Renewables

- The comparable Gross Debt decreased from 65 M€ compared to December 2018 to 154 M€ (141 M€ excluding financial leasings which due to the adoption of IFRS 16 in 2019 integrated the lease liabilities item). The comparable Net Debt was reduced in 67 M€ to 119 M€ 

- Order Book in Metallic Constructions and Naval Industry of 562 M€, the most robust in the last 6 years