Teixeira Duarte (TDSA) H2 2024 earnings summary

Executive summary

• Turnover reached €775 million, up €8 million from 2023, with 42% from the domestic market and 56% from Construction.

• EBITDA rose 36% year-over-year to €105 million.

• EBIT increased by €32 million to €70 million compared to 2023.

• Net Income Attributable to Capital Holders was €26 million, reversing a €12 million loss in 2023.

Financial highlights

• Operating Income was €843 million, down 3% or €30 million from 2023.

• Net Financial Debt at year-end was €643 million, €4 million lower than 2023; Gross Bank Financing reduced by €16 million.

• Financial Autonomy improved to 11.5%, up 1.7 percentage points from 2023.

Segment performance

• Construction sector contributed 56% to total Turnover.

• Construction Order Portfolio grew 43% year-over-year to €1,540 million as of December 31, 2024.