Ezentis recorded net losses of 139.6 million euros in 2021, higher than the negative result of 43.1 million euros in 2020, mainly due to provisions made for the impairment of its assets in Latin American countries, non-recurring results and to the impairment of deferred tax assets, as explained by the company.
The group, specialized in the deployment, operation and maintenance of telecommunications and energy infrastructures of large multinationals, has made the decision to cease its activity in Chile, Peru and Mexico after the divestment operation of the assets it had in these countries was frustrated .
Thus, Ezentis will focus its commercial activity in Europe, where half of its current portfolio of 470 million euros is concentrated.
Its strategy will be based on diversification and focus on the European and Brazilian markets and on entering the German market for fiber optic deployment. In Spain, the main clients of Ezentis have confirmed their business relationship with the group.
The company’s revenues amounted to 369.4 million euros in 2021, 2.2% lower than in 2020 and stable in constant currency, while the gross operating profit (Ebitda) totaled 15.8 million euros, almost 60% less than the previous year.
The company, which has the support of its main investor, has already begun the replacement of its management team, a process that will culminate in the coming weeks.
Ezentis’ financial debt stood at 150.5 million euros at the end of 2021, which is 25.6 million euros less than at the end of 2020.