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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Sacyr
Sacyr (SCYR) investor relations material
Sacyr Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary4 Nov, 2026
Executive summary
9M revenue was €3,776.9m (+10.7%), EBITDA €1,111.3m (+9.2%) and attributable net profit €116.3m (+86.9%).
Like-for-like operating cash flow reached €930m (+21%), excluding 2025 cash from divested Colombian assets; concessions generated 90.5% of EBITDA.
EBITDA margin was 29.4%; the recourse net debt ratio remained below 1x.
Financial highlights
Total operating income reached €4,092.9m, up 11.6% YoY.
EBIT increased 13.5% to €836.6m; profit before tax rose 14.0% to €362.7m.
Continuing-operations result was €215.0m, up 18.7%; net attributable profit was €116.3m vs. €62.3m in 9M 2025.
Financial result was -€442.6m; financial-investment provisions were a €31.7m expense vs. a €60.4m gain in 9M 2025.
Outlook and guidance
Pipeline targets concessions and water in the U.S., Canada and Europe, plus Australian desalination and drinking-water treatment projects.
Submitted bids include U.S. managed lanes, Windsor Hospital, Dublin Airport railway, Italian highways, Portuguese high-speed rail and Australian water projects.
The I-77 North Carolina consortium was pre-qualified; a request for proposals was expected before end-2026.
Selective bidding and rigorous return thresholds remain priorities; construction backlog exceeded 61 months of activity, with 76% linked to concession projects.
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Latest events from Sacyr
- Concession-led EBITDA growth and lower recourse debt strengthened FY 2023 performance.SCYR
H2 2023 - Net profit up 157% and revenue up 9% in H1 2026, with strong dividend and asset growth.SCYRQ2 2026
- Net profit surged 40% with strong revenue, EBITDA growth, and major international expansion.SCYRQ1 2026
- Revenue up 5%, net profit (ex-Colombia) up 81%, and four new concessions awarded.SCYRQ3 2025
- Net profit excluding divestments rose 85% on 6% revenue growth and major asset sales.SCYRQ2 2025
- Operating cash flow up 65% to €805M, with strong P3 wins and record shareholder payout.SCYRQ3 2024
- Operating cash flow up 59% and EBITDA up 4.5%, driven by strong concession performance.SCYRH1 2024
- Revenue and net profit rose, driven by concessions, new projects, and robust cash flow.SCYRQ1 2025
- Operating cash flow up 53%, net profit up 7%, and five new concessions secured.SCYRQ4 2024
Next Sacyr earnings date
Q4 202627 Feb, 2027
Sacyr
Next Sacyr earnings date
Q4 202627 Feb, 2027
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Frequently asked questions
Sacyr S.A. is a Spanish multinational corporation that specializes in infrastructure and services, encompassing construction, industrial projects, concession and contract management. Established in 1986 originally as Sociedad Anónima Caminos y Regadíos, the company underwent a name change to Sacyr in 1991. It operates across multiple continents, including Europe, Latin America, North America, and Oceania, delivering a wide range of civil and non-residential construction projects. Sacyr's portfolio includes managing infrastructure concessions for airports, roads, and public services, as well as owning and operating office buildings, shopping centers, and residential properties. Additionally, Sacyr provides environmental services, water management, waste treatment, energy services, and other related services like facility management and social health. The company is headquartered in Madrid, Spain, and its shares are listed on the Madrid Stock Exchange.