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Sacyr

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SACYR S.A.
Company typeSociedad Anónima
BMAD: SYV
ISINES0182870214
IndustryConstruction, Investment
Founded1986
HeadquartersMadrid, Spain
Key people
Manuel Manrique Cecilia (Chairman and CEO)
RevenueIncrease €4,537 billion (2020)[1]
Increase €723 million (2020)[1]
Increase €36 million (2016)[1]
Number of employees
15,529 (2024) Edit this on Wikidata
Websitewww.sacyr.com

SACYR S.A. (Spanish pronunciation: [saˈθiɾ]) is a Spanish infrastructure operator and developer company based in Madrid, with pressence in more than 30 countries, whose revenues reached ~4.550 M€ in 2020 and its most important markets are Colombia, Italy, Chile and Spain [2].. Additionally, last years, trying to diversify their operating risk, they have being focusing their efforts to consolidate its pressence in the Anglo-Saxon makerts, such as USA, Canada, UK and Australia, achieving important infrastructure project (Idaho University, Perth desalination plant, etc.)[3].

History

The company was founded in 1986 as Sociedad Anónima Caminos y Regadíos and was renamed Sacyr in 1991. In 2002 it acquired 24.5% of Vallehermoso, a leading Spanish housing business founded in 1921. In 2003 it merged with Vallehermoso to form Sacyr Vallehermoso.[4].

Nowadays, SACYR operates in the construction, concession and service sectors.In the first one, its main subsidiary is SACYR Ingeniería & Infrastructuras whose revenues in 2020 were ~2.600 M€. In the concession sector or Private Public Partnership (PPP) projects, they operates via SACYR Concesiones ~675 M€ in revenues and more than 70 projects in 14 countries [5]. Finally they own SACYR Servicios whose revenues reached in 2020 ~1.000 M€, operating in segments like waste, facility management, social, water, etc [6].


Major projects

Major projects involving the business include the Torre Sacyr Vallehermoso, completed in 2008.[7]. They also developed the Panama Channel (3.118 M€) and Pedemontana-Veneta highway (2.600 M€), among other [8].

Shareholdings

Sacyr was the largest shareholder in the Spanish oil company Repsol YPF, holding an approximate 20% stake.[9] On December 20, 2011 Repsol YPF bought half of Sacyr's stake back in order to save the shares from being seized in a foreclosure.[10]

References

  1. ^ a b c "Annual Report 2016" (in Spanish). SACYR S.A. Retrieved 8 April 2018.
  2. ^ "SACYR 4Q 2020 Results". SACYR. 26 February 2021. Retrieved 17 June 2021. {{cite web}}: Check |url= value (help)
  3. ^ "SACYR Strateic Plan". El SACYR. February 2021. Retrieved 17 June 2021.
  4. ^ "Sacyr y Vallehermoso, una fusión que la crisis truncó". El Mundo. 1 October 2013. Retrieved 14 August 2015.
  5. ^ "SACYR Concessiones". SACYR. June 2021. Retrieved 17 June 2021.
  6. ^ "SACYR Servicios". SACYR. June 2021. Retrieved 17 June 2021.
  7. ^ "Construction details" (PDF). Retrieved 14 August 2015.
  8. ^ "SACYR Concessiones". SACYR. June 2021. Retrieved 17 June 2021.
  9. ^ Ruano, Carlos; Gonzalez, Andres; Aguado, Jesus; Roberts, Martin; Rucinski, Tracy (15 January 2010). "Repsol to keep boss, long-term strategy". Reuters. Retrieved 18 July 2010.
  10. ^ Repsol Rescues Top Holder, Buys EUR2.6Bn of Own Shares Wall Street Journal, 20 December 2011


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