Teixeira Duarte returned to profit in the first half of this year, when it recorded a net result of around 9.5 million euros, which compares with the losses of almost 3 million recorded in the same period of 2023.
In the interim report published this Thursday at CMVM, the company states that turnover amounted to 377 million eurosregistering a slight growth (0.6%) compared to June last year.
The group highlights that activity in Portugal remained at the same level as in 2023, having growth in Brazil and Mozambique offset the reduction in activity in Angola and in other markets.
On the other hand, he says that the highlight of this semester in terms of business volume is the real estate area, which showed growth of 51 million euros compared to the first six months of 2023.
The income operational recorded a decline of 6.2% to 404,9 million euros, while the operating expenses were encrypted in 363,2 million, down 6% from June 2023.
The group’s EBITDA amounted to 42 million euros, 7.4% lower than that recorded in the same period of the previous year.
“The growth in EBITDA in the construction sector, which became the largest originator of the group’s EBITDA with 35% of the total, was not enough to offset the reduction in EBITDA in the real estate sector, motivated by the non-revaluation of assets in Angola” in the first half of the year.
Regarding the sectors of activity in which the group operates, it states that in construction, despite the slight reduction in activity in this first half of the year, the value of works in the pipeline increased by 15% to 1.2 billion euros“.
In the real estate sector, he highlights the growth in sales due to the “good performance of real estate projects in Portugal and Brazil”.
The concessions and services sector, for its part, recorded “a slight reduction in EBITDA in line with the reduction in activity”, with the group highlighting “the good performance in Portugal and Angola”.
In the hotel industry, growth in Angola of 12.6% stands out and in distribution explains that, “even in a challenging economic environment, it was possible to maintain the level of activity with an improvement in EBITDA (up 25.4%)“.
The automotive sector “was essentially affected by the restrictions on imports resulting from the difficulty in accessing foreign currency, which led to a decrease in business volume”, he explains.
Net debt was at the end of June 684 million euros, 37.2 million more than at the end of last year.
(News updated at 6:24 pm)
Source: www.jornaldenegocios.pt
