The Joca Group is making solid progress in implementing its business plan after closing the 2019 financial year with a consolidated turnover of €123 million , increasing its revenue volume by 20% compared to 2018. Furthermore, the Group consolidated an EBITDA (income before depreciation and amortization) of more than €14.3 million, representing an 11.6% margin on sales.
By country, Spain accounted for 24% of revenue, while the remaining 76% was generated in international markets led by Portugal, Bolivia, and Panama.
The Group closes with a financial debt of €44.3 million. Considering cash and financial investments to secure financing, the Group has a net debt of €29.1 million. This represents a net debt-to-EBITDA ratio of 2x. The company is currently continuing its plan to strengthen its growth in the international market. To this end, the group, chaired by Alberto Aragonés, is currently in talks with investors and companies in the sector that could join the Group during 2020.
Regarding its business plan for 2020, thanks to its geographic diversification, Joca aims to exceed its current revenue, driven by a greater contribution from Spain (30%) and the entry into operation of Colombia, Ecuador, Paraguay, and Egypt, which will contribute 14% in its first year. Bolivia and
Panama will continue to be relevant countries for Joca, contributing 48%, as will Portugal, with 8%.
About JOCA. JOCA is a Spanish engineering and construction company with over 42 years of experience, with operations in Spain, Portugal, Panama, Bolivia, Colombia, Ecuador, and Paraguay, as well as commercial development in numerous countries in Latin America, Africa, and the Middle East. The company is chaired by Alberto Aragonés and currently has over 750 employees. https://asanog.org