Obrascon Huarte Lain Reports Strong Financial Performance

Obrascon Huarte Lain (OHLA), a leading Spanish construction company, experienced a significant boost in its stock prices following the release of positive financial results for the first nine months of the year.

Profit Increase and Higher Sales

In comparison to last year's loss of EUR88.8 million, OHLA reported a net profit of 14.2 million euros ($15.4 million) for the period under review. The company's earnings before interest, taxes, depreciation, and amortization also witnessed a substantial rise of almost 43%, reaching EUR84.2 million.

Impressive Sales Growth

OHLA's sales demonstrated a notable increase of 9.7%, reaching EUR2.26 billion. This growth has been a contributing factor to the successful performance of the company.

Order Intake and Expectations

Although OHLA's order intake experienced a slight decline, dropping from EUR2.84 billion to EUR2.45 billion compared to the previous year, this can be attributed to the fulfillment of a significant contract worth EUR800 million for the Purple Line project in Maryland.

For the rest of the year, OHLA anticipates sales of approximately EUR3.50 billion, an Ebitda exceeding EUR125 million, and an order intake surpassing EUR3.60 billion. These expectations reflect the company's commitment to maintaining its financial prosperity.