After entering the Portuguese, Chilean and Slovak market in 2022, Lantania now operates in a total of 11 countries

37% of the company's income comes from the international market

“We see clear opportunities in the railway sector in Europe and North America, while large water developments are taking place in the Middle East and North Africa,” indicates Federico Ávila.

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lantania strengthens its position as a reference in the development of large transport, water and energy infrastructure after increasing its income by 23% and its awards by 60%. The Group recorded a turnover of 312 million euros last year compared to 254 million the previous year. New contracts reached 442 million euros in 2022 with contracts as relevant as the expansion of the wastewater treatment plant. Palma de Mallorca, line 3 of the metro Seville or the connection of the AVE with the terminal T4 of Barajas Airport.

 

The growth in the portfolio of works pending execution was 28% from 2021 to 2022. At the end of last year, the company had projects in progress worth 690 million euros. “The 2022 financial year has undoubtedly been very complicated for the sector, given that the conflict in Ukraine accelerated a crisis that had already begun in the post-covid era, with a general rise in raw material prices. . This increase in prices, together with other factors such as labor inflation or the rise in interest rates, has had a very relevant impact on the construction sector," points out the president of Lantania, Federico Ávila, "despite all these difficulties our balance is positive, we have managed to strengthen our position supported by a development model based on sustainability, the creation of new businesses and inorganic growth."

 

Thus, the Group's fastest growing business area is Energy that already represents 22% of income. Lantania It is building three large solar parks with a power of more than 270 MWp and continues to develop its own portfolio, with 30 new projects owned (180 MWp), figures that are added to the 250 MW of wind developments. In addition, last year the company launched a self-consumption division that already has six projects with a total of 6.854 kWp with works as notable as the construction of the largest photovoltaic solar plant for self-consumption in the country. Port of Valencia.

 

Infrastructure and Water They maintain a similar weight in the company's business, 36% and 35% respectively. The Water division is one of Lantania's future bets, as demonstrated by the recent commissioning of the Jubail 3A treatment plant (600.000 m3/day) in Saudi Arabia, one of the largest treatment plants in the world to operate partially with renewable energy, a project carried out for the utility Saudi Water Partnership Company (SWPC). The company carries out intense work in supplying desalination projects and maintains a strong commitment to efficiency in water management. It has just signed an agreement with the Sevillian company Oga to apply artificial intelligence to the creation of innovative solutions for optimizing industrial processes in the integral water cycle.

 

Innovation and creation of new businesses is one of the most important levers for company growth. Lantania looks for market niches within its strategic activities in which there is the possibility of standing out by offering differential added value. Proof of this is the creation last year of the company specialized in civil works in the industrial field, Indania, and the company's recent entry into Crowmie, the crowdfunding platform that tokenizes renewable energy projects. Among the new developments in which the company is currently immersed, the possible hybridization of its portfolio of renewable projects through the inclusion of batteries stands out.

 

El Inorganic growth is the third of the Group's development vectors. “We carry out continuous work to evaluate opportunities that exist in the market focused on companies specialized in the management of the integral water cycle, sustainable transportation and renewable energy”. Lantania has allocated 14 million euros in its strategic plan for this type of investments in the next four years. Purchases that will be added to those of Balzola Polska and DSV Constructora e Inmobiliaria made in 2022.

 

In addition to Spain, Lantania is present in Colombia, the United States, Saudi Arabia, Algeria, Morocco, Poland, Portugal, Chile, Slovakia and Bulgaria

 

Forecasts 2023

The company maintains positive progress so far this year. It registers a turnover of 124 million euros in the first five months of 2023, 19% more than in the same period of 2022. While hiring maintains the same growth path as last year with an increase of 60% from January to May, standing at 307 million euros. The forecast for the current year is to reach revenues of 360 million (+15,3%), in line with what is established in the 2022-2026 Strategic plan. While

The new contracting will amount to 500 million euros (+13%).

"Although everything points to a moderation in prices in recent months, the effects of the rise in these two years still have an impact on our projects, especially taking into account that the works we carry out have an average duration of more than 12 months, and that the absence of a general price review regime in public works contracts greatly affects profitability and relationships with our clients,” says the president of Lantania.

 

So far this year, the positive evolution of Bounce. The company has closed contracts in the first five months of the year worth 30 million, among which the renovation of the emblematic Defilad Square in Warsaw or the expansion of highway no. 48 in the city of kozienice. The Group's Polish subsidiary expects to achieve a turnover of 48 million this year, which is practically doubling the figure for 2022 (26,9 million).

 

Evolution of Lantania

The evolution of Lantania since it began its journey in 2018 is outstanding. The Compound Annual Growth Rate (CAGR) of the Group's revenues is 35%. The company started the first year with a turnover of 59 million euros compared to the 360 ​​million with which it will close this year. While in the case of Ebitda the accumulated percentage of growth is 11%. The company began its activity with a staff of 97 workers and today it consists of just over 1.000 employees spread across the seven companies of the Group: Lantania, Lantania Aguas, Traviesas y Prefabricados de Aragón (Typsa), DSV, Balzola Polska, Indania and Gestilar Buildings.

After entering the Portuguese, Chilean and Slovak markets in 2022, the Group now operates in a total of 11 countries. In addition to Spain, it is present in Colombia, United States, Saudi Arabia, Algeria, Morocco, Poland, Portugal, Chile, Slovakia and Bulgaria. 37% of the company's income comes from the international market. “We see clear opportunities in the rail sector in Europe and North America, while large water developments are occurring in Middle East and the north of Africa” indicates Ávila.