Navantia has strengthened its international activity

In 2022 the Group reached contracts for an amount of more than 1.700 million euros

The company has strengthened its international activity by strengthening its subsidiary in Australia and creating the subsidiaries Navantia Arabia Limited and Navantia UK Limited, to support the company's activity in those areas.

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Navantia (SEPI Group) reached contracts worth more than 2022 million euros in 1.700, tripling the value of the orders formalized in 2021. At the end of 2022, the public company had a portfolio valued at 7.364 million euros.

 

In 2022, the hiring of all Navantia Group –including its subsidiaries and investees– amounted to 1.742 million euros. Of the total amount of the new contracts, 1.126 million correspond to the scope of Trade. By business lines, Naval building (which includes the Repairs area) signed contracts for 1.058 million euros in 2022, while in Systems and Services 241 million were reached and in Green Energies, under the brand Navantia Seanergies, another 400 million euros.

 

These high levels of contracting will be maintained in the coming years, reaching close to 10.000 million euros in the entire period 2023-2027 as a result of Navantia's intense commercial work and positioning in markets with high added value and high demand. The orders, which will require the incorporation of around 1.500 people, will allow the company to boost its turnover to exceed 2.000 million euros per year from 2024 and reach a balance in the income statement in the coming years.

 

As a result of the execution of the various programs underway, income amounted to 1.342 million euros. The company closed the year with a negative result of 96,9 million euros, due in part to the increase in the prices of raw materials and energy, as well as interest rates, although improving the company's forecast for the exercise.

 

During the exercise, the group executed investments amounting to 82,4 million euros, aimed mainly at improving facilities, machinery and digital technologies to optimize contract compliance.

 

Highlights include the San Fernando line of flat panels, the completion of the Dam 4 Reparaciones gate in the Bay of Cádiz, investments for digital transformation and the adaptation of the facilities for the Fene XXL monopile factory.

 

During this year, Navantia has reinforced its international activity by strengthening its subsidiary in Australia and creating subsidiaries Navantia Arabia Limited and Navantia UK Limited, to support the company's activity in those areas.

 

Navantia tripled its hiring in 2022, up to 1.700 billion euros, and recorded revenues of 1.300 billion

 

On the other hand, Navantia has entered the capital of Enagas Renovable acquiring 5 percent of the company, as part of the company's commitment to decarbonization and green energy materialized in the Navantia Seanergies brand.

 

Regarding European collaboration and R&D&I projects, in 2022 Navantia was awarded six projects from the European Defense Fund (EDF), in collaboration with the European industry, obtaining a European budget contribution of 24 million euros to be developed in three years. These projects will allow Navantia to consolidate its leadership in key strategic areas for its business, such as the digitalization of naval platforms or the development and integration of unmanned vehicles and new generation systems.