Financial information

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Here you will find summaries of reports and accounts, as well as the complete reports and accounts available for download of the following companies:


REPORT AND ACCOUNTS


Soares da Costa Construção, SGPS, SA

Highlights from 2013’s report and accounts:
  • Consolidated turnover reached 497.2 million Euros, less 30.2% than 712.5 million Euros in the previous year, with a pronounced decrease in the domestic market (-58.3%) intrinsic to the conclusion of the Transmontana motorway and with a decline of the Angolan activity (-31.6%) due to delays in the execution of important projects;
  • The international markets’ contribution rose to 85.4% of the total activity in 2013 (75.6% in 2012);
  • EBITDA of -13.4 million Euros (+29.0 million Euros than in 2012) reflected the reduction of the activity’s level and strong constraints to profitability;
  • The record of gains related with the financial debt restructuring substantially impacted the financial results that reached -1.1 million Euros, compared with -41.9 million Euros in 2012;
  • The reduction of the activity’s level and impairment charges and provisions aggravated earnings before taxes that amounted to -61.3 million Euros (-49.8 million Euros in the previous year);
  • Net earnings attributable to the Group of -63.1 million Euros (-37.8 million Euros)
  • Conclusion of the shareholders’ agreement that led to the Company's capital increase for 70 million Euros by the investor GAM Holdings has already taken place in February 2014; with this operation GAM Holdings became the majority shareholder of Soares da Costa Construção, with a share of 66.7% of capital.

Sociedade de Construções Soares da Costa, SA

Highlights from 2013’s report and accounts:
  • Turnover of 346.5 million Euros, 33.4% lower than the 520.0 million Euros registered in the previous year, with a pronounced decrease in the domestic market (-60.2%) intrinsic to the conclusion of Transmontana motorway and to the activity in Angola (-32.1%) due to the delay in the execution of some significant projects;
  • The international market represented 81.1% of the activity in 2013 (68.3% in 2012);
  • EBITDA of -21.5 million Euros (+26.3 million Euros in 2012), reflects the activity’s reduced level and strong constraints to profitability;
  • Accounting of gains related with the financial debt restructuring, led to a positive financial result of 32.1 million Euros (-28.1 million Euros in 2012);
  • Impairment charges and provisions significantly affected earnings before taxes that amounted to -30.4 million Euros (unchanged compared with the previous year);
  • Negative net earnings of 31.9million Euros, which compares with 24.3 million Euros in the previous year;
  • Change in the shareholders’ structure of the holding company with the entrance of GAM Holding realised on February 2014, that now holds 66.7% of Soares da Costa Construção, SGPS, SA’ share capital.



Key Performance Indicators (million Euros)2013 2012 ChangeKey Performance Indicators (million Euros)2013 2012 Change
Turnover 497,2 712,5 -30,2% Turnover 346,5 520,0 -33,4%
   Portugal 72,4 173,6 -58,3%   Portugal 65,6 164,7 -60,2%
   International operations 424,7 538,9 -21,2%   International operations 281,0 355,3 -20,9%
EBITDA -13,4 29,0 - EBITDA -26,5 26,3 -
Operational results (EBIT) -60,2 -8,0 -EBITDA margin -7,6% 5,1%
Financial results -1,1 -41,9 97,4% Financial results 32,1 -28,1 -
Net earnings attributable to the Group  -63,1 -37,8 -66,9% Earnings before taxes -30,4 -30,4 0,0%




Net earnings-31,9-24,3-31%

  • To access 2013’s full report in pdf, please click here.

  • To access 2012’s full report in pdf, please click here
  • To access 2011’s full report in pdf, please click here.                     



  • To access 2013’s full report in pdf, please click here

  • To access 2012’s full report in pdf, please click here

  • To access 2011’s full report in pdf, please click here

SUMMARY OF REPORT AND ACCOUNTS

Soares da Costa Construção, SGPS, SA



Sociedade de Construções Soares da Costa, SA

If you wish to receive a physical copy of any of the summaries of the annual reports and accounts (which includes a CD with the full/ complete version), please request it via email: comunicacao@soaresdacosta.pt
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