|(EUR million)||DEC – 22||DEC – 21|
|EBIT (ex disposals & impairments)||429||340|
|Disposals & impairments||-6||1,139|
|Corporate income tax||-30||9|
|NET PROFIT FROM CONTINUING OPERATIONS||238||975|
|NET PROFIT FROM DISCONTINUED OPERATIONS||64||361|
|CONSOLIDATED NET INCOME||302||1,336|
|NET INCOME ATTRIBUTED||186||1,198|
Toll roads: revenues increased by +22.4% LfL and EBITDA by +21.6% LfL. EBITDA stood at EUR550mn.
Airports: traffic has shown a solid improvement in 2022 vs 2021, although pre-COVID levels have not been reached yet (Heathrow -23.8%, AGS -32.5% and Dalaman -7.5%, vs 2019):
Construction: revenues were up by +2.2% LfL. EBIT reached EUR63mn vs. EUR132mn in 2021, mainly due to the inflation impact on prices of supplies and subcontracts. EBIT margin reached 1.0% in 2022. The order book reached EUR14,743mn (18.7% LfL), an all time high, not including pre-awarded contracts of c.EUR915mn,mainly from contracts at Budimex (EUR790mn) and Webber (EUR125mn).
Total dividends received from projects reached EUR475mn in 2022 (vs EUR550mn in 2021) including as main distributions:
In 2022, the net cash ex-infrastructure projects reached EUR1,439mn vs EUR2,182mn in December 2021. Net debt of infrastructure projects reached EUR7,219mn (EUR6,633mn in December 2021). Net consolidated debt reached EUR5,781mn (EUR4,451mn in December 2021).
Sustainability remains at the core of our strategy. In 2022: