Andrade Gutierrez conquista 20 novas obras e volta a empregar

Andrade Gutierrez Secures 20 New Projects and Rehires Employees

Written by Paulo Nogueira

Published on 20/09/2019 at 13:22

1 person reacted to this.

In The Country, The Company’s Portfolio Is Composed Of Power Transmission Projects, Thermal And Wind Power Plants, In Addition To The Construction Of The New District Of Bento Rodrigues, In MG.

In July Of This Year, Andrade Gutierrez Signed A Milestone Contract For Mining Projects And Works. The Company Has Been Overcoming The Scarcity Of Public Contracts Since The Beginning Of Operation Lava Jato And Has Managed To Secure 20 New Projects In The Last Two Years, Resuming Hiring.

Although Profits Are Far From The R$ 30 Billion Of 2014, When The Construction Company Was Involved In Lava Jato, The Contractor’s Project Portfolio Grew R$ 8.2 Billion By June And Totaled R$ 11.1 Billion.

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Without Government Investments, The Company Had To Bet On Private Initiative – In The Past, Nearly 70% Of The Project Portfolio Was Composed Of Public Works, Currently 96% Comes From The Private Sector.

In The Country, The Company’s Portfolio Is Composed Of Power Transmission Projects, Thermal And Wind Power Plants, In Addition To The Construction Of The New District Of Bento Rodrigues, In Mariana (MG).

The Company Still Has Another R$ 19 Billion In Works That Could Become Contracts By The End Of The Year.

According To The Rating Agency Fitch Ratings, Andrade Is Performing Better Than Its Competitor Odebrecht, Which Has Not Yet Secured Investments In Relevant Projects And Works.

The Agency, However, Warns That The Path To Recovery For The Company Is Just Beginning. “A Gradual Recovery Also Depends On The Brazilian Macroeconomic Scenario And The Growth Of Infrastructure Investments,” Says Fitch Director Alexandre Garcia.

Another Concerning Factor Is The Company’s Indebtedness, As In November 2020, The R$ 1.8 Billion Debentures Of Andrade Gutierrez Participações (AGPar) Will Begin To Mature, Which Have Shares In The Concessionaire CCR As Collateral. “Based On CCR’s Dividends, It Is Possible To Cover The Interest, But Not Amortize The Maturing Portion,” Garcia Says.

The Company Will Have To Pay Fines Of Up To R$ 190 Million Related To Legal Agreements Resulting From Its Involvement In Operation Lava Jato.

Andrade Has About R$ 1.6 Billion In Debts Resulting From Agreements With The Federal Public Ministry, Administrative Council For Economic Defense (Cade), Attorney General’s Office (AGU), And The Office Of The Comptroller General Of The Union (CGU).

Additionally, In The Coming Years, Another US$ 356 Million From An Issuance Of International Bonds Will Also Mature. “I Don’t Believe The Company Will Be Able To Amortize Everything. There Will Be A Need To Roll Over This Maturity,” Garcia Stated. The Executive Also Highlights That The Advancement Of The Project Portfolio May Assist In Negotiations.

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