OHLA's EBITDA jumps 90,9% and its project portfolio exceeds 10.000 billion in the first quarter of 2026

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The global infrastructure company OHLA has announced a strong start to 2026, presenting first-quarter results that confirm the positive performance of its business. The firm has recorded a net profit of 7,8 million eurosThis figure contrasts positively with the losses of 21,8 million recorded in the same period of 2025. This turnaround is supported by robust operating performance, the effectiveness of its cost optimization plan and improved margins.

 

EBITDA (earnings before interest, taxes, depreciation, and amortization) has reached 48,3 millones de eurosThis represents a 90,9% increase. This growth was primarily driven by the strong performance of the Construction Division, whose EBITDA reached €46,1 million, a 43,2% increase year-on-year. Meanwhile, Group sales remained stable at €914,7 million, including the activity of the Services Division.

 

Financial Magnitude (Q1 2026)	Figure	Variation vs Q1 2025
Net profit	€7,8 million	Positive vs -€21,8 million
EBIT	€48,3 million	+ 90,9 %
Sales	€914,7 million	Stable
Full Contracting	€1.193,5 million	+ 48,2 %

 

Boost in hiring and portfolio quality

 

One of the most relevant data points of the quarter is the strong dynamism in hiring, which reached 1.193,5 million euros, 48,2% more than in the same period of the previous year. This puts the ratio book-to-bill (contracting as a percentage of sales) at a healthy 1,3x, ensuring future revenue visibility. This indicator has been driven by the awarding of high value-added projects, among which the following stand out: New Hospital of Málaga, one of the largest social and healthcare projects underway in España.

 

Thanks to this boost, the total project portfolio of OHLA has risen to 10.061,1 millones de eurosThis figure not only reflects quantitative growth—virtually doubling the €5.500 billion recorded at the end of 2019—but also qualitative improvement, with greater diversification by size, geography, and project type. The short-term order book stands at €8.414,0 billion, providing 29,3 months of sales coverage.

 

Post-closure strategic moves: Canalejas Gallery

 

After the end of the quarter, OHLA has executed a far-reaching strategic move by assuming the sole ownership and comprehensive management of Galería Canalejas MadridAccording to the company, this operation will allow for more agile and growth-focused management, reinforcing the asset's position as one of the leading luxury shopping destinations in the Spanish capital.

 

Key points and frequently asked questions about OHLA results

 

What impact do these results have on the construction sector in Spain?

The capacity of OHLA To reverse losses and significantly increase its EBITDA and order backlog is a sign of resilience and dynamism for the sector. It demonstrates that large Spanish construction companies can capture high-value projects, such as the New Hospital of Málagaand maintain a strong business portfolio even in complex economic environments, which generates a driving effect on the auxiliary industry.

 

How does the strength of a construction company like OHLA affect a Spanish exporter?

For exporting companies and suppliers in the construction value chain, the growth of the international portfolio of OHLA This represents a direct opportunity for internationalization. A construction company with a diversified global portfolio opens the door for its trusted Spanish suppliers to participate in projects abroad, acting as a catalyst for the international business of SMEs and other companies in the sector.

 

What does the 1,3x book-to-bill ratio mean for the company?

A ratio book-to-bill greater than 1, such as the 1,3x reported by OHLAThis is a key financial indicator in the construction and engineering sector. It means that the company is winning new contracts at a rate 30% higher than its current revenue. For an executive or investor, this translates into a strong visibility of future revenue and a forecast of medium-term activity growth.