Teixeira Duarte, S.A. Reports Unaudited Consolidated Earnings Results for the Full Year Ended December 31, 2016
April 19, 2017
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Teixeira Duarte, S.A. reported unaudited consolidated earnings results for the full year ended December 31, 2016. For the year, the company’s operating income was EUR 1,230,189,000 compared to EUR 1,491,743,000 a year ago. EBITDA was EUR 279,035,000 compared to EUR 213,800,000 a year ago. EBIT was EUR 190,824,000 compared to EUR 124,906,000 a year ago. Results before tax was EUR 63,925,000 compared to EUR 52,305,000 a year ago. Net income attributable to shareholders was EUR 20,147,000 compared to EUR 33,653,000 a year ago. Net debt was EUR 1.133 billion in 2016.
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. 
