Martifer released the 2020 annual results.

Here are the main highlights:

- Operating Income reached 249.3 M€, with more than 80% generated outside Portugal and in exports

- positive EBITDA in 19.4 M€

- Net profit attributable to the Group of 6.3 M€

- Positive Equity of 5.8 M€, of which 7.4 M€ is attributable to the Group - something that has not happened since 2015. Liquidity and Fixed Capital ratios at comfortable levels

- Net Debt/EBITDA ratio of 3.9x and Debt Service Coverage Ratio ~ 2x, that is, values that place Martifer in market benchmarking

- Gross Debt with a reduction of 21 M€ in relation to December 2019 to 120 M€. Net Debt was reduced in 30 M€ to 76 M€

- Great operational and commercial resilience in a year characterised by the pandemic

- Excellent performance with the Order Book reaching 579 M€