Teixeira Duarte, S.A. Reports Earnings Results for the Full Year Ended December 31, 2021
April 29, 2022 at 11:53 am EDT
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Teixeira Duarte, S.A. reported earnings results for the full year ended December 31, 2021. For the full year, the company reported sales was EUR 539.24 million compared to EUR 608.37 million a year ago. Revenue was EUR 637.45 million compared to EUR 722.57 million a year ago. Net loss was EUR 119.14 million compared to net income of EUR 3.56 million a year ago. Basic loss per share from continuing operations was EUR 0.28 compared to basic earnings per share from continuing operations of EUR 0.01 a year ago. Diluted loss per share from continuing operations was EUR 0.28 compared to diluted earnings per share from continuing operations of EUR 0.01 a year ago.
Teixeira Duarte, S.A. is one of the largest Portuguese economic groups. The group is organized in six different sectors such as Construction (63.5% of sales), Concessions and Services (10.7%), Retail (10.7%), Real Estate (7.1%), Hospitality (4.3%) and Automotive (3.7%).
Construction has been Teixeira Duarte Group's core business since its formation, as well as the activity of the principal company of the Group, Teixeira Duarte - Engenharia e Construções, S.A., which operates in the areas of Geotechnics and Rehabilitation, Buildings, Infrastructures, Mechanical Engineering, Underground Works, Railway Works and Maritime Works supported by a Shuttering and Prestressing Operating Centre, a large-scale and highly technological Equipment Department, a Materials Laboratory and a Teixeira Duarte Operating Centre installed on a plot of land covering an area of 127,000 m2 and which is of enormous benefit to the Company and services rendered to its customers.
Net sales are distributed geographically as follows: Portugal (34.2%), Brazil (25%), Angola (21.5%), Mozambique (4.1%), Spain (1.6%) and other (13.6%).
TEIXEIRA DUARTE, S.A. 
