2005 - 2006 - Pinsent Masons Water Yearbook 2012

PORTUGAL PART 3 (ii): COMPANY ANALYSIS: LOCAL/REGIONAL PLAYERS
Portugal
Mota-Engil
The two Portuguese engineering and construction companies Mota and Engil were merged in 2004.
The company has a long standing involvement in water and wastewater treatment infrastructure
construction and was Severn Trent’s partner in the country since 1996. In 2004, Mota-Engil Ambiente
e Serviços increased its stake in Indáqua through purchasing Severn Trent Water International’s
12.82% holding to gain an overall holding of 42.86%. Revenues in 2004 were €10 million.
Mota-Engil, profit & loss account
Y/E 31/12 (€ million) 2002 2003 2004
Revenues 916.4 1,050.7 1,226.9
Operating profits 48.1 57.3 70.7
Pre-tax profits 28.0 30.4 40.5
Net profits 19.4 15.4 22.1
Organic growth in the extant concessions saw the number of customers served rise by 2,830 during
2004. Indaqua returned a net profit of €0.3 million in 2004. This is the first time that Indaqua has
attained a net profit in its decade long existence. Currently, the company serves 519,000 people in
Portugal via five contracts.
2005 Matosinhos 25 year concession 167,000 water
Revenues of €204 million are anticipated, along with capital investments of €83 million.
2005 Vila do Conde 40 year concession 78,000 water
Investments in the first three projects, gained between 1996 and 1999 are expected to total 170
million by 2007.
1999 Santo Maria de Feira 35 year concession 130,000 water
1998 Santo Tirso 25 year concession 106,000 water
The concession entered into operation in 1998. At the outset, 28% of the population were connected
with household water supplies.
1996 Fafe 25 year concession 48,000 water
Mota-Engil Ambiente e Serviços holds 30% of Indaqua Industria e Gestao de Aguas SA. Drinking
water provision expanded from 67% of the town’s inhabitants to 95% by 2004.
Contact Details
Name: Mota-Engil SA
Address: Rua do Rego Lameiro, No 38,
4300-454 Porto, Portugal
Tel: + 351 22 519 0300
Fax: + 351 22 519 0303
Web: www.mota-engil.pt
Antonio Mota (Chairman)
Antonio Jorge Campos de Almedia (Deputy Chairman)
315 Pinsent Masons Water Yearbook 2005 – 2006