The Valalba Group, linked to the Martinez Berna family, stands out for its diversified footprint in construction and related services, through its CHM holding entity. In 2021, the group reported improvements in turnover, signaling a steady trend despite broader market pressures. The group noted a post-tax profit reaching 3.8 million, reflecting a year of resilience as it navigated rising costs and competitive bidding dynamics. The annual performance was presented as a continuation of the company’s growth trajectory in recent years, underscoring the strength of its core operations in construction and infrastructure management.
According to the group’s own disclosures for 2021, total invoicing reached 131.03 million euros, marking an increase of roughly 4.5 million euros compared with the prior year. This growth reinforced the sales momentum that CHM, the parent company, has maintained across its public and private sector projects. The portfolio of contracted works stood at approximately 234 million euros, highlighting a robust pipeline for future activity and a strong process for securing long-term engagements in both construction and related services.
Nevertheless, the rise in revenue did not translate into a proportional rise in profit. Higher input costs, notably material prices, exerted pressure on margins and contributed to a profit decline. In comparison with the slightly more than 5.5 million euros reported in CHM’s 2020 accounts, 2021 profits were down by about 30 percent, arriving at 3.8 million euros as disclosed by the firm at the start of the current week. This pattern mirrors industry-wide challenges where cost inflation has compressed profitability despite healthy top-line growth.
The group’s principal projects include the development and operation of a building and the construction of a photovoltaic power generation park in Es Mercadal, Menorca. The solar project represents an investment near 16 million euros and exemplifies the group’s emphasis on sustainable energy solutions as part of its broader real estate and infrastructure strategy. In addition, the real estate arm is actively promoting and constructing more than 150 homes across Benidorm and Alicante, reinforcing the group’s regional footprint in the Spanish market and its engagement with residential housing demand in coastal markets.
Bonmatí and Rocamora, who lead CHM, contributed to a notable uptick in turnover in 2021, increasing by 82 percent. This surge in revenue underscores the leadership’s ability to align diversified activities under a cohesive growth plan while expanding service offerings across different segments within the holding company framework.
Beyond construction, the CHM group operates in concrete and aggregate manufacturing and sales, runs service stations, manages hotels, and provides city services. This multi-vertical approach aims to spread risk and capitalize on cross-segment opportunities within the ecosystem of the holding company, ensuring a more stable revenue mix across cycles and regions. The 2021 report highlights a continued strategy to diversify revenue streams beyond traditional construction contracts.
Over the past decade, the holding company has pursued a constant program of modernization and innovation. Investments have targeted environmental sustainability and productivity gains, including the installation of photovoltaic panels across facilities and the procurement of high-efficiency machinery and tools. These initiatives reflect an ongoing commitment to reduce environmental impact while improving operational efficiency and project delivery speed, aligning with market demand for greener infrastructure and more cost-effective construction methods. Industry observers and investors often point to these assets as a core differentiator in CHM’s long-term value proposition.
As the group continues to execute its growth plan, attention remains on balancing top-line expansion with margin protection. Factors such as material costs, labor availability, and regulatory environments will shape performance in the near term. Yet the integrated approach to real estate development, energy projects, and diversified services positions the Valalba Group and CHM as a notable player for investors seeking exposure to a mixed portfolio of construction and infrastructure activities in North America and beyond, according to market assessments for 2021 and subsequent years.
Cited references include the CHM holding company annual disclosures for 2021 and related portfolio data, with analyses from market observers focusing on the group’s strategic pivots and asset modernization efforts.