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02. Corporate strategy
from Annual Report I 2015
by TSKgrupo
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02
Corporate Strategy
Three facts stand out in the year 2015 that have allowed us
to consolidate as one of the reference companies in the engineering and industrial construction sector:
1. The excellent results achieved in Project execution.
2. The level of globalization reached.
3. The remarkable progress made in the technological capability of our company
We closed 2015 with the highest backlog level we have
ever had; over 1500 million euros, sales close to 750 million euros, 97% out of Spain and a net equity of over 300
million euros. All this with a more than ever diversified
production, geographically and by business lines, which
allows us to face the next years with security and confidence.
Once again we must highlight the commercial strength of our
company, reaching a contracting value of way over 1,000 million Euros, with projects of great significance at an international level, from a technological and economic point of view,
such as a 260 MW photovoltaic plant in Dubai, a 50 MW thermosolar plant in Kuwait or 14 substations in Guatemala.
Our balance sheet continues showing great strength, as the
net equity compared to our sales or compared to the company’s net financial debt exceeds that of any other company
from our sector.
In a business analysis we can point out that during 2015, the
Electrical Infrastructure’s business line reached 200 million
euros in sales, the Energy and Industrial Plants line hit 460
million euros and the Handling business line achieved 80
million euros. By geographical areas, America meant 35% of
the sales, Africa 25%, Middle East 20%, Asia 17% and Spain
3%, with projects currently under execution in more than 25
countries.
During the year 2015, we have rearranged all our stakes
in solar plants in our subsidiary ESERSA, which will be in
charge from our control center in Gijón of the operation their
This year we have also acquired 75% of the company Omega,
an engineering firm specialized in the agro-industrial sector,
mainly sugar, with offices in Paris and Seville, and with references in countries such as Algeria, Tunisia, Bolivia, Bahrain
or Mexico.
With this operation TSK acquires the necessary technology to
execute turnkey projects such as sugar refineries, bioethanol
plants, agro-food industry plants, with excellent technical references in this field.
This acquisition comes from the collaboration of the two companies, and as a result TSK and Omega are quoting several We are facing a year in which we must shape the future without limiting ourselves by the present and without forgetting the
past. To deal with the challenges of the globalization, innovation and activity diversification, we have an excellent team,
to whom, once again, I would like to thank their commitment
and dedication, the same appreciation that I would also like to
express to our customers for the trust they have placed on TSK
to carry out their projects and investments.
