The recovery of traffic increases the revenue of the Torrevieja highway by 30%

The recovery of traffic increases the revenue of the Torrevieja highway by 30%

the gradual reactivation of activity After the first impact of the pandemic and, with it, the increase in traffic rolled allowed the concessionaire of the motorway linking Alicante with Torrevieja and Cartagena to improve 30% your income over the past year, although not yet reaching pre-covid levels. This is reflected in the 2021 accounts deposited in the Mercantile Registry by Ausur, the firm owned by Pralesa and the Fuertes Group (El Pozo) that manages the road, which last year managed to leave behind the red numbers and score a benefit of almost 44 million. Of course, an accounting profit since it was produced thanks to the debt cancellation made by its shareholders.

In total, the company registered a turnover of 11.8 million euros, compared to 9 million the previous year, which was fully impacted by the collapse in traffic caused by confinement and subsequent restrictions to contain the coronavirus. Despite the improvement, the company’s own managers highlight in their management report that the figures for motorway users were still below the usual figures before the pandemic, although with differences. Specifically, throughout 2021 the volume of light vehicles was still 29% lower than 2019while truck volume was already 2% higher.

The loss of income from the previous year led the firm to adopt measures to contain expenses, which went through the dismissal of ten workers and the application of a ERTE for another part of the workforce, which meant a 65% reduction in working hours for part of the year. The firm also began the process of renewal of toll systems to enable greater automation.

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All this allowed the result of exploitation will improve from 508,000 euros in the 2020 financial year, to 4.3 million from last year. Regarding the net result, compared to the losses of 1.9 million that it recorded in the first year of the pandemic, Ausur declared last year 43.7 million profits. Of course, some benefits generated by the convertible loan forgiveness that the shareholders of the company had acquired from the financial entities with a significant discount on the face value, which generated these accounting results.

The accounts also include the lawsuit filed by the firm against the Government for having denied it a compensation for the consequences of the declaration of the state of alarm about your income. A claim that the Supreme Court has rejected, denying the company’s request to extend the concession period to compensate it.

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