Main Indicators

Results and consolidated information

With 33 years of existence, Martifer is a Group which is present in 12 countries and is focused on three business areas: metallic constructions, naval industry and renewables & energy, with transversal and clear corporate sustainability objectives, which seek to ensure the long-term development of the business.

Metallic Constructions

This business area focuses its development strategy on differentiation through engineering quality and vocation for highly complex projects. Of the several ongoing projects, we highlight as new projects the Oriente Multi-use Building in Lisbon, the Old Oak Common Railway Station in London, the extension of Manchester Airport and the structures for the Barra do Dande Ocean Terminal in Angola.

Naval Industry

Regarding Naval Industry, the Group has two shipyards, West Sea in Viana do Castelo and Navalria in Aveiro, which carry out naval construction, repair and retrofit activities. The order book at the end of 2022 totalled €214 million. The Polar Expedition vessels of the Explorer series and the Avalon Alegria river cruise ship are featured projects.

Renewables & Energy

In the wind and solar energy segment, Martifer has already developed and built more than 1.5 GW in different countries. In infrastructures for energy and operation & maintenance, Martifer is part of the Green.H2.Atlantic consortium in a project for the production of renewable hydrogen in Sines. Martifer will be responsible for the mechanical assembly of a refrigerated 197,000 m3 ethane tank in Belgium.

a very positive year

Results and consolidated information

With 33 years of existence, Martifer is a Group which is present in 12 countries and is focused on three business areas: metallic constructions, naval industry and renewables & energy, with transversal and clear corporate sustainability objectives, which seek to ensure the long-term development of the business.

Metallic Constructions

This business area focuses its development strategy on differentiation through engineering quality and vocation for highly complex projects. Of the several ongoing projects, we highlight as new projects the Oriente Multi-use Building in Lisbon, the Old Oak Common Railway Station in London, the extension of Manchester Airport and the structures for the Barra do Dande Ocean Terminal in Angola.

Naval Industry

Regarding Naval Industry, the Group has two shipyards, West Sea in Viana do Castelo and Navalria in Aveiro, which carry out naval construction, repair and retrofit activities. The order book at the end of 2022 totalled €214 million. The Polar Expedition vessels of the Explorer series and the Avalon Alegria river cruise ship are featured projects.

Renewables & Energy

In the wind and solar energy segment, Martifer has already developed and built more than 1.5 GW in different countries. In infrastructures for energy and operation & maintenance, Martifer is part of the Green.H2.Atlantic consortium in a project for the production of renewable hydrogen in Sines. Martifer will be responsible for the mechanical assembly of a refrigerated 197,000 m3 ethane tank in Belgium.

a very positive year

highlights

The strategic update for the 2021-2023 period projects the future based on the pillars that sustained the most recent success, with renewed ambition for sustained and sustainable growth.

In this sense, Martifer Group undertakes the commitment to continue the development of its activity following an ethical and socially responsible management model, considering the economic, social and environmental preservation aspects, which are essential pillars of management focused on sustainable development, in its decisions, in a balanced way.

Operating Income reached 211.5 M€

of which 122.0 M€ in Metallic Constructions, 69.6 M€ in the Naval Industry and 21.5 M€ in Renewables

Positive EBITDA reaching 25.8 M€

(13.6% margin on Revenue)

More than 78% of the Group's total turnover

Revenue generated outside Portugal and exports amount to 78% of the Group’s total Revenue

Order book

Order Book in Metallic Constructions and Naval Industry of 460 M€

Gross Value Added was 66 M€

Gross Added Value amounted to approximately 66 M€, about 35% of the Revenue

Positive Equity of 35.1 M€

with Equity attributable to the Group of 35.0 M€

Gross Debt with a reduction of 14 M€

in relation to December 2021 to 97 M€. Net Debt was reduced in 29 M€ to 41 M€

RESULTS

Financial indicators

These are the indicators of the last two years that allow us to provide information that helps analyse the Group's performance Net income for the period.

13.6

EBITDA margin

%

20.1

EBIT

M€

14.2

Net income for the period

M€

Drag to move

Million €	DEC 2022	DEC 2021	VAR. %
Revenues	211.5	228.7	-8%
EBITDA	25.8	25.8	0%
EBITDA margin	13.6%	12.3%	1.2 pp
Amortisation and depreciation	-5.7	-5.5	-4%
Provisions and impairment losses	0.1	-2.0	n.m.
EBIT	20.1	18.2	10%
EBIT margin	10.6%	8.7%	1.9 pp
Financial result	-4.7	-3.8	-23%
Result before tax	15.4	14.4	7%
Tax	-1.3	-1.8	27%
Net income for the period	14.2	12.7	12%
Attributable to non-controlling interests	0.8	1.4	-42%
Attributable to the Group	13.3	11.3	18%
Earnings per share	0.136	0.115	18%