URBAS continues its upward projection, developing a sustainable and orderly growth to reach, among all business lines and globally, more than 1,000 million in turnover in 2025, which means an increase in turnover of almost 55 times in five years (in 2020 it reached 21.6 million). In addition to this projection, EBITDA is expected to reach almost 150 million euros, which will contribute to achieving the target of more than 2 billion euros of capitalization. In all of this, the integration of ESG criteria in the company’s management is being fundamental and is a differentiating element in its business strategy.
The company closed 2022 with record figures: turnover grew by more than 50% to €305 million and EBITDA by 58% to €41 million.
The total asset value of the company’s balance sheet also grew to EUR 1.2 billion. In addition, equity stood at 595 million euros and Working Capital improved by 10% to 511 million euros, reconfirming URBAS’ stability and financial solvency.
On the other hand, in line with its policy of rigor and financial discipline, URBAS reduced its level of indebtedness by 16%, from 239 million euros in 2021 to 200 million euros. At December 31, 2022, debt stood at €222 million (7% less than at the end of the previous year) associated exclusively with the integration of the indebtedness of new companies.
At the end of 2022, new shares from the latest capital increases in the amount of 89 million euros began to be traded. These capital increases have strengthened URBAS’ equity and financial structure, consolidated and reinforced its balance sheet structure, improved its financial ratios and cancelled non-bank liabilities for a total amount of 112 million euros. In addition, in December the company was listed for the first time on the Ibex Small Cap index, which has reinforced its visibility and significantly increased its liquidity, with an average daily trading volume of 52 million shares and liquidity of around 500,000 euros per day.
