Turnover of Portuguese Mota-Engil reaches EUR 3.8 B
- Portugal Business News
- Mar 1, 2023
- 1 min read
The turnover of Portuguese group Mota-Engil reaches EUR 3.8 billion in 2022, that is an increase of 47% compared to 2021. This historical high exceeds expectations since this figure was expected to be reached in 2026.
The group already has orders amounting to EUR 12.6 billion, registering an unprecedented growth. Out of this amount, a total of EUR 12.1 billion is linked to the engineering and construction sector. The group’s orders by sector are 44% for railway projects, 33% for roads, 15% for industrial engineering and 8% for civil construction.
Mota-Engil registered profits of EUR 41 million in 2022, that is a 69% increase. The EBITDA reached EUR 541 million, that is a 31% growth compared to 2021.
It is to be noted that, while the Portuguese market is growing by 5%, group sales to Europe have decreased by 16%.
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