Mota-Engil SGPS S.A./€EGL

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About Mota-Engil SGPS S.A.

Mota-Engil SGPS S.A., established in 1946 and headquartered in Porto, Portugal, operates in the engineering and construction industry across Europe, Africa, and Latin America. The company specializes in constructing infrastructure such as roads, highways, airports, ports, dams, and railways. It also provides industrial engineering services, environmental services including waste management and water treatment, and manages transport concessions covering approximately 2,500 kilometers of roads and highways. In 2024, Mota-Engil reported a turnover of €5.95 billion, a 7% increase from the previous year, with an EBITDA of €955 million, reflecting a 16% margin. The company's order book reached €15.6 billion, bolstered by significant contracts like a €1.2 billion agreement with Pemex in Mexico and a €290 million industrial engineering project in Guinea.
Ticker
€EGL
Primary listing
XLIS
Employees
21,034
Headquarters
Porto, Portugal

EGL Metrics

BasicAdvanced
€1.5B
10.23
€0.48
1.12
€0.17
3.52%

Bulls say / Bears say

First-half 2026 showed strong operating momentum: net profit attributable to the group rose 24% to €74 million, EBITDA increased 10% to €487 million, and the EBITDA margin expanded to 17%. (Reuters)
Forward revenue visibility is unusually strong: the order book reached a record €17.7 billion, up from €14.7 billion a year earlier, with major contributions from projects in Mexico, Angola and Brazil. (Reuters)
Growth is increasingly supported by higher-return and longer-duration activities: Africa and Latin America delivered revenue growth in the first half, while new awards included a 30-year DRC railway concession and additional contracts in Nigeria and Peru. (Reuters)
Europe remains a weak spot: first-half 2026 revenue and EBITDA both fell 20% year over year, while delayed project consignments pushed the expected recovery toward the second half, increasing execution-timing risk. (Reuters)
Balance-sheet and funding risk remain material: net debt was €1.99 billion, or 1.94x trailing EBITDA, while the average interest rate including leasing and factoring was 7.1%, leaving earnings sensitive to financing costs. (ECO News)
Mota-Engil’s international footprint creates meaningful foreign-exchange and liquidity exposure across African and Latin American currencies; the company also notes that construction operations have significant working-capital needs before completed work converts to cash. (Mota-Engil Integrated Report 2025)
Data summarised monthly by Lightyear AI. Last updated on 8 Sept 2026.

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