Sacyr Vallehermoso targets 12% annual revenue growth until 2007 (ES)

Sacyr Vallehermoso SA said it is targeting 12 pct annual revenue growth until 2007, on 18 pct annual EBITDA growth. In a company presentation, Sacyr Vallehermoso said it plans to invest € 2.4 billion in the next four years, adding that it will invest a minimum of € 600 million in its services activity until 2007.

The company reiterated its forecast for 10 pct revenue growth and 30 pct EBITDA growth in 2004.

Separately, incoming CEO Manuel Manrique invoked the prospect of a decline in activity in the construction sector, but not in prices.

He did not provide a time-frame for this forecast.
Source: Freeman

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