In a written response, Manuel Maria Teixeira Duarte expressed “enormous pride and a sense of responsibility” upon the announcement of the company’s return to the PSI, which will now include 16 companies.
“After challenging years with profound transformations, the group has returned to profitability, strengthened its operating margin, and expanded its order book,” he stated.
The manager attributed this success to “the consolidation of reorganization and resource optimization measures resulting in greater operational efficiency, improved margins, and enhanced ability to execute complex projects both domestically and internationally,” also highlighting “the recent agreement reached with the banks,” which he described as “very important for the group’s financial stability and a clear acknowledgment of Teixeira Duarte’s value in the sector and national economy.”
“Being among the largest and most liquid listed companies in Portugal is undoubtedly a sign of the Teixeira Duarte group’s attractiveness to markets and an additional motivation,” he emphasized.
For Manuel Maria Teixeira Duarte, the return to the main index of the Portuguese stock exchange signifies “the recognition of consistent work,” as well as the “solidity” of the results and the “confidence investors place” in the company’s strategic vision.
The group refinanced €654.4 million in bank debt with BCP, CGD, and Novo Banco, extending its maturity and reducing the cost of financing, as announced in March.
During the first six months of the year, Teixeira Duarte’s shares increased by 291.14%, rising from €0.079 on December 31, 2024, to €0.309 on June 30, 2025. “In recent days, they reached €0.58,” he noted.
Teixeira Duarte currently consists of over 175 companies and approximately 9,500 people operating in 22 countries and is present in six different sectors: construction, concessions and services, real estate, hospitality, distribution, and automotive, according to its website.
The company was founded in 1921 by Ricardo Esquível Teixeira Duarte and remains controlled by the family.
The construction firm has faced difficulties in recent years, exacerbated by challenges in key foreign markets, notably Venezuela and Algeria.
