Cobra IS’s revenue grew 9% to €7.1 billion in markets buoyed by the digital and energy transitions and their implications for the infrastructure, mobility, telecommunications and industrial sectors. Building on the expertise it has gained on large turnkey projects, it also continued expanding its portfolio of energy assets.
Flow business
Cobra IS generates nearly 60% of its business from recurring operations involving the design, installation and maintenance of all types of electrical and mechanical infrastructure.
The diverse nature of this flow business is especially apparent in Spain, where its main projects included: in electrical infrastructure, network renovation and maintenance for the main Spanish utilities; in industry, mechanical and other maintenance services for a BP site in El Grao (Castellón), Cepsa sites in San Roque (Cádiz) and La Rábida (Huelva), an Acerinox Europa site in Palmones (Cádiz), and Airbus sites in San Pablo (Seville), Puerto Real (Cádiz) and Albacete (Albacete); in gas infrastructure, distribution network maintenance for Nedgia in Andalusia and Galicia and for Madrileña Red de Gas in Greater Madrid; in railways, various operations on the national network run by Adif (railway electrification and power supply, signalling and interlocking systems) and four recently awarded maintenance works packages for the electrification of its network in central and northern Spain. In urban and road infrastructure, Cobra IS manages public lighting systems for many metropolitan areas (including that of Madrid), and provides maintenance services covering more than 9,800 km of roads and motorways. Lastly, flow business was especially brisk in data centres, with large-scale projects for some of the main players in this sector in Spain.
In Portugal, Cobra IS is also a key player in the electrical infrastructure market. It worked on the networks of operators EDP Distribuição and EMM, and installed electrical and mechanical systems for the main data centre under construction in the country one of the largest in Europe, with installed capacity of 1.2 GW.
In Germany, Cobra IS was awarded the contract to build the mechanical and piping assembly at a new production facility for Thyssenkrupp Steel Europe in Duisburg, designed to run on green hydrogen.
In Tajikistan, Cobra IS renovated the installations at the Qairokkum hydroelectric power plant on the Syr Darya river. In Australia, it set up the Sidera ITS & Tunnels operation management and control system on the Sydney Gateway, following VINCI Construction’s civil engineering works on the project.
Lastly, Cobra IS rolled out fibre optic networks in a number of geographies: in Spain, Argentina, Colombia, Chile and Peru for international operator Telefónica; in Italy for Open Fiber and TIM; in Germany for Unsere Grüne Glasfaser and GlasfaserPlus GmbH; in the United Kingdom for Gigaclear and National Grid.
Large EPC projects
Cobra IS handles turnkey projects, leveraging its expertise ranging from engineering and construction to operation and maintenance, mainly in the energy sector.
1Commissioning of the first three-turbine block of the Qairokkum hydroelectric power plant on the Syr Darya river in northern Tajikistan.
2 Bus electrification for EMT, Madrid’s municipal transport company.