From the merger of Comsensi and Emte, in the midst of the construction bubble, a group was born that reached a turnover of 2,159 million in 2011. He reduced the income gap in the country to almost a third of the income and spent more than a thousand million. The company has undergone a diet that has allowed it to get rid of almost all of its gross debt and is embarking on a new period in which it will guarantee growth.
In 2022, Comsa had a primary of 886 million, 17% more than in 2021, and plans to advance to 909 million in 2023. Last year it was given above the strategic plan and the group of families Miarnau (74%) and Sumarroca (26%) to reform the aforementioned document by 2025 it will reach billions in revenue.
The Barcelona-based company managed to reduce its gross debt from billions that reached 60 million in 2016. In its net position it has no debt, whereas Comsa has a net treasury of 100,000.
Last year, the company agreed with the bank to complete the divestment, which involved the sale of the 32% it had in its Polish subsidiary, listed Trakcja. The operation, by 10 million, was meant to leave the country. He also transferred the tenth percentile he had in the Murcia Tramway to the FCC for 50 million, which assumed exclusive control of the concession. The other sale was GMN, the end-of-use evaluation tire firm, which was acquired by Griñó from Ileida (see EXPLANATION November 8 in an undisclosed figure, but much less than the rest of the business.
All amounts from the divestment were used to reduce the fees with the banks. The original amortization of the company from the molecular link has released the flow in 2023 in a very different context from which this measure was agreed, arising from the interest rate.
“We have complied with the work of the bank and we are starting a new stage of development of our business to achieve the end of the plan until 2025”, explained the president of the company Jorge Miarnau, who highlighted that the group closed 2022 with positive results from the second year in a row. Ebitda was over 30 million and net profit was 4 million.
the greater of the wings
The issue of some business, even if it was imposed on the bankers, the forces of Comsa were joined to the works and works of the public works and especially the railways. “We present new challenges in the main business with guarantees, investments in infrastructure with different management programs,” said the CEO of the infrastructure space group, Guillermo Lorenzo.
This will translate into the idea of ​​submitting to the competition for “larger scope, participation in the concession of goods and investment in railway parks”, among others.
Adif competition
Comsa has a portfolio of 1,562 million coins, 92 million more than in 2021. This amount could be increased by about 150 million if the Catalan company manages to win the Adif contract for the coverage of the R2 passenger train in Montcada i Reixac (Barcelona) with the consortium, also from Ferrovial and FCC, there is a virtual winner. This can change if the manager of the railway network accepts the justification of the bold withdrawal from the rival offered by OHLA, Sacyr, Acciona and Rubau from Girona. This offer was against him, but the budget was low. The company adds to the industry 5,451 people, 224 more employees than last year, and last year invested 8.5 million in innovative projects, including the digitization of construction, the improvement of existing railway capacity networks and the rehabilitation of energy stands out.
In the last financial year, 34% of Comsensi’s revenue came from foreign businesses.
