Mota Engil SGPS S A : – Engil, SGPS, S.A. informs about the signing of contracts in Latin America in the total amount of 890 million euros
June 07, 2023 at 08:18 am EDT
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MOTA-ENGIL INFORMS ABOUT THE SIGNING OF CONTRACTS IN LATIN AMERICA IN THE TOTAL AMOUNT OF 890 MILLION EUROS
MOTA-ENGIL S.G.P.S., S.A. (MOTA-ENGIL) informs that following the implementation of the ongoing commercial strategy of deepening its presence in core markets, as established in the Strategic Plan Building´26, it signed new contracts in several Latin American countries with the aim of expanding, in dimension and profitability, its presence in those markets.
In Brazil, as a result of the medium and long-term cooperation strategy in structural projects for Tier 1 customers, it was awarded to MOTA-ENGIL another contract for offshore maintenance services, to be carried out within a period of 1,490 days and with a total amount of 743 million of reais (circa of €140 million) by a Consortium, majority owned by Petrobras.
In addition to this award, and since the beginning of the year, new contracts have been signed by its subsidiaries in Latin America (namely in Mexico, Brazil and Peru) in a total amount of €750 million, enabling it to reach a backlog in the region of more than €5.3 billion, equivalent to 3.5x 2022 turnover.
With the announced awards and the strong production levels underway in the first months of 2023, the GROUP consolidates the levels of activity to be carried out in the coming years to historically high levels.
Porto, June 7, 2023
THE REPRESENTATIVE FOR THE MARKET RELATIONS
LUÍS SILVA
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Mota-Engil SGPS SA published this content on 07 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 June 2023 12:17:08 UTC.
Mota-Engil, SGPS, S.A. is a group organized around 6 sectors of activity:
- Engineering and Construction: Mota-Engil, SGPS, S.A. has developed construction projects in some fifty countries and is present on three continents (Europe, Africa and Latin America) where it has asserted its technical competence and reputation, excelling in the construction of various infrastructures such as roads, freeways, airports, ports, dams and railroads ;
- Industrial Engineering Services: the group has capitalized on its recognized presence and experience since 1998, with a proven ability to operate in numerous markets, reflected in medium-term contracts of between three and eight years;
- Environment: Mota-Engil, SGPS, S.A. began its activities in the environmental sector in Portugal in 1995, through the company SUMA in the urban waste management and collection segment, and added its skills to those of the company EGF, a leader in waste treatment and recovery. Internationally, Mota-Engil is increasingly developing its activities in this sector, in markets such as Angola, Mozambique, Cape Verde, Brazil, Oman and Côte d'Ivoire;
- Mota-Engil Capital: a business unit whose aim is to optimize value creation for the group through investment diversification, underpinned by integrated management of a range of assets and projects complementary to the Engineering, Construction and Environment segments.
- Mota-Engil Mext: unit responsible for differentiated areas such as Real Estate, Agroforestry Production and Energy. It also aims to strengthen investment in innovation and accelerate global transformation;
- Concessions: Mota-Engil, SGPS, S.A. operates, through Lineas and its subsidiaries, a network of some 2,500 km of roads and freeways, including the two bridges of the city of Lisbon. The business extends to international markets, mainly in Latin America.
MOTA-ENGIL, SGPS, S.A. 
