On Tuesday, June 6th, the symbolic groundbreaking event took place, marking the official start of the construction of Ciudad Mallorquín Park. This project is a collaboration between Grupo Argos’ Urban Development Business and the Mayor’s Office of Puerto Colombia, aiming to provide the community with a new recreational space spanning 4.5 hectares.
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The Urban Development Business continues to consolidate its leadership in the development of high-quality urban projects and sustainable tourism in the northern region of the country, achieving record revenues of COP 90 billion (+49%), a net cash flow of nearly COP 26 billion (+500%), and in the case of EBITDA, a growth of 322% surpassing COP 38 billion.
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Cementos Argos delivered a positive performance across its three regions: in Colombia, it achieved a 39% growth in EBITDA, in Central America, a 2% growth, and in the United States, an impressive 77% growth. Meanwhile, Celsia continued to strengthen its solar and energy transmission and distribution platforms, reporting in a consolidated EBITDA growth of 13%. Odinsa recorded an 18% increase in passenger traffic in its airport concessions, while its road infrastructure experienced a 3% growth in traffic.
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Grupo Argos’ ordinary bonds also received the highest credit rating from the rating agency, while the short-term debt of the commercial papers was confirmed as BCR1+.
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Currently, 43% of the Board of Directors of Grupo Argos is composed of women, including its president.
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Last year, through its Sembrando Futuro program, Fundación Grupo Argos planted over 1 million native tree species in Andean forest, tropical dry forest ecosystems, and 200,000 mangrove seedlings in the departments of Antioquia, Atlántico, Bolívar, Sucre, Tolima, and Valle del Cauca. Thanks to this program, 69 direct green jobs and 708 indirect jobs were created.
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Plant professionals, Warehouse workers, roles with photovoltaic knowledge, BIM professionals, Back End Developers, DEVOPS, Environmental Coordinators, are some of the most demanded positions in Grupo Argos, Cementos Argos, Celsia, Odinsa, and Summa.
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During the last ordinary Shareholders’ Assembly meeting of Grupo Argos, a dividend of COP 575 per share was approved, representing a 15% increase compared to last year and reflecting the organization’s solid performance in its results.
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The Assembly approved a 15% increase in dividend per share and a proposal to repurchase shares for up to COP 500 billion within a period of up to three years.
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At the close of 2022, Grupo Argos recorded a total income of more than COP 21.3 trillion, of which 45.1% correspond to its operations outside of Colombia, representing a competitive advantage in a volatile environment and the possibility for its shareholders to have exposure to different economies, including that of the United States.
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With the purpose of contributing to the water security of the territories and contributing to the protection and restoration of strategic water basins in Colombia, during 2022 the Grupo Argos Foundation signed 185 new conservation agreements for the care of 3,485 hectares in the departments of Antioquia and Tolima with investments that exceeded COP 1,432 […]
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This recognition reflects the commitment and conviction of the companies in the Grupo Empresarial Argos to creating inclusive environments that value and respect diversity.
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