Message from the Chairman
of the Board of Directors

2024 was another extraordinary year for Constructel Visabeira.

In a world in constant transformation marked by economic and geopolitical challenges, we managed not only to grow, but even to exceed expectations, strengthening our global presence and paving the way for an even more ambitious future.
We have crossed borders, expanded our skillsets and strengthened our commitment towards innovation and excellence.

With a 48% growth in pro-forma consolidated turnover reaching 1.9 billion euros and a 34% increase in pro-forma EBITDA, which reached 181 million euros, we have demonstrated resilience, strategic vision and a strong capacity for execution.
This remarkable performance is the result of a powerful combination:
the strength of our organic growth in all the countries where we do business and the successful integration of strategic acquisitions.

The entry of Verità Telecommunications and Sargent Electric into Constructel Visabeira not only broadened our portfolio, but also strengthened the United States of America as our largest market, accounting for around 35% of total turnover.
In Europe, turnover was distributed between France, Belgium, Southern Europe (Portugal, Italy and Spain), the United Kingdom and Ireland, each with around 20%, while Germany, Denmark and Sweden contributed around 10%.

Complying with our strategic aim, we continued along the path of diversification and of balancing between the areas of telecommunications and energy.
This year, energy accounted for 46% of our business activity, growing by more than 100% on the previous year and approaching 850 million euros.
Telecommunications, meanwhile, remained strong, exceeding 1 billion euros, reflecting our global benchmark role in both sectors.

Sustainability, financial solidity and long-term vision continue to be pillars of our growth. During 2024, we maintained a strong balance sheet, with the net debt to EBITDA ratio of 1.4x, even with significant investments in terms of acquisitions.

With a presence in 11 countries and a team of 8,700 talented and dedicated professionals, we continue to make a difference in demanding projects, with rigour, passion and technical excellence.
We ended the year with a contract portfolio of 5.1 billion euros, a reflection of our clients’ trust and our ability to build long-term relationships based on results.

We look towards the future with enthusiasm and a sense of mission.

We are ready to continue leading the digital transformation and the energy transition, together with the major investments shaping tomorrow in Europe and in the United States. We believe in the power of engineering, in the force of innovation and above all, in the people who make it possible.

We thank all our customers, partners, employees and shareholders.
Without your trust, dedication and shared vision, this successful journey would not have been possible.

May this spirit of conquest continue to guide us together, towards new horizons.

 

Nuno Miguel Rodrigues Terras Marques 
Chairman of the Board of Directors