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Mota-Engil Books a Record €35 Million Q1 Profit on Brazilian Backlog Push — Carteira de Encomendas Stretches to €16.9 Billion as Santos-Guarujá Tunnel Anchors the New Pipeline

Mota-Engil Books a Record €35 Million Q1 Profit on Brazilian Backlog Push — Carteira de Encomendas Stretches to €16.9 Billion as Santos-Guarujá Tunnel Anchors the New Pipeline

Mota-Engil closes Q1 2026 with €35 million of net profit, the strongest first quarter in the company's history at +31% YoY. Revenue lifts to €1,394 million, EBITDA crosses €234 million at a 17% margin and the order book stretches to €16.9 billion, equivalent to 3.6 years of activity.
The Portugal Brief
Portaria 225/2026 Pulls the Email and Postal Lanes for Pensioner Proof-of-Life Abroad From 1 May — Canada Joins Switzerland, Luxembourg, Netherlands, Belgium, Cabo Verde and the UK as Segurança Social Direta Becomes the Single Submission Channel

Portaria 225/2026 Pulls the Email and Postal Lanes for Pensioner Proof-of-Life Abroad From 1 May — Canada Joins Switzerland, Luxembourg, Netherlands, Belgium, Cabo Verde and the UK as Segurança Social Direta Becomes the Single Submission Channel

Portaria 225/2026 (DR, 19 May) pulls the email and postal lanes for proof-of-life submissions by emigrant pensioners from 1 May 2026. Canada joins Switzerland, Luxembourg, Netherlands, Belgium, Cabo Verde and the UK; Segurança Social Direta is now the single channel.
The Portugal Brief
APS Reads Storm-Kristin Cluster Indemnifications at €1.3 Billion With €530 Million Already Paid Out — 71% of 205,000 Claims Closed, 60,000 Files Still Open and €85 Million Cleared in the Last Fortnight Alone

APS Reads Storm-Kristin Cluster Indemnifications at €1.3 Billion With €530 Million Already Paid Out — 71% of 205,000 Claims Closed, 60,000 Files Still Open and €85 Million Cleared in the Last Fortnight Alone

APS reads the Kristin-Leonardo-Marta storm cluster of 27 Jan-13 Feb 2026 at €1.3 bn estimated indemnifications, with €530 M already paid across 145,000 closed or advanced files — 71% of 205,000 received claims. 60,000 files remain open; €85 M cleared in the last fortnight.
The Portugal Brief
Montenegro Files 'Trabalhar — Fazer Portugal Maior' Third Strategic Motion for the 43rd PSD Congress in Anadia on 20-21 June — Sole Candidate, Slogan Borrowed From Cavaco Silva, 'Não É Não' to Chega and No Bloco Central With PS

Montenegro Files 'Trabalhar — Fazer Portugal Maior' Third Strategic Motion for the 43rd PSD Congress in Anadia on 20-21 June — Sole Candidate, Slogan Borrowed From Cavaco Silva, 'Não É Não' to Chega and No Bloco Central With PS

Montenegro filed his third strategic motion before Monday's PSD deadline, double the 1,500-signature threshold. 'Trabalhar — Fazer Portugal Maior' marries a Cavaco-era slogan to a renewed 'não é não' to Chega and no central bloc with PS. 43rd Congress in Anadia 20-21 June.
The Portugal Brief
Corticeira Amorim Cuts a Further 212 Posts Across 2025 With Amorim Cork Solutions Carrying 126 of the Layoffs — Workforce Closes the Year at 4,637 Versus 4,999 in 2022 and Personnel Costs Drop €2.5 Million Despite Higher Average Pay

Corticeira Amorim Cuts a Further 212 Posts Across 2025 With Amorim Cork Solutions Carrying 126 of the Layoffs — Workforce Closes the Year at 4,637 Versus 4,999 in 2022 and Personnel Costs Drop €2.5 Million Despite Higher Average Pay

Corticeira Amorim's 2025 Relatório e Contas books a 212-post net headcount cut, with the Cork Solutions division absorbing 126 as Silves consolidates into Vendas Novas on a €3M one-off. Workforce closes at 4,637 (vs 4,999 in 2022); personnel costs -€2.5M on higher average pay.
The Portugal Brief