ANNUAL REPORT 2020 |
CORPORATE STRATEGY Joaquín García Rico - CEO
2020 has been a complex year, which has been strongly af-
slowdown of the activity and paralyzation of projects during
fected by the COVID-19 pandemic, with a major impact on the
2020, as a consequence of the pandemic. It is also worth men-
health and economic areas. In this context, our priorities have
tioning that during 2020 TSK has maintained contracting at
remained clear and unchanged: to protect the health of our
maximum levels, exceeding 900 million euros, which allows us
employees, customers, and the society in general where we
to have a backlog of close to 2 billion euros, with a visibility of
operate.
3 years and guaranteeing the recovery of sales in this financial year 2021. Cumulative sales for the period 2021-2023 will
During 2020 we prepared our new Strategic Plan 2021-2023, a
exceed 3 billion euros and cumulative EBITDA will reach 300
period in which we reaffirmed our profile as a highly technolog-
million euros.
ical company, offering sustainable solutions for the industrial and energy sectors, with a plan that consolidates our transfor-
In this complicated environment of marked uncertainty, the
mation and with significant cash generation.
company has established two main areas of activity:
We will build on our existing strengths in order to add new pil-
1. Implementation of sustainable and digital technologies in
lars on which we will rely on in the future, such as the digitali-
the industrial and energy fields,
zation and sustainability of industrial processes, as well as the hybridization and storage of different energy sources, such as
2. Development of renewable energy plants and energy stor-
renewables or hydrogen.
age, through its subsidiary ESERSA.
TSK’s new strategy has a high degree of flexibility according to
Demographic pressure, climate emergency, energy transi-
the macroeconomic scenario. It is launched into a context of
tion, water scarcity, the demand for critical minerals and dig-
historical difficulty due to the pandemic, in which despite the
italization associated with the growth of smart cities and the
difficulties TSK has responded very positively in 2020, with an
efficiency in industrial processes, position TSK with a clear
EBITDA of 65 million euros and an EBT of 8 million euros de-
competitive advantage in a future full of opportunities, thanks
spite a decrease in sales to 586 million euros, produced by the
to its leadership in renewable energies, energy storage tech-
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