July 29, 2021

ACS earns 691 million through October, up 14.6% | Economy

ACS earns 691 million through October, up 14.6% | Economy



ACS obtained a net profit of 691 million euros in the first nine months of the year, 14.6% more than in the same period of the previous year, although this result incorporates the net contribution of Abertis from the month of June, amounting to 123 million euros (81 million euros directly from ACS included in the Corporation and 42 million indirectly through Hochtief), as reported by the construction company today.

The sales of the group presided by Florentino Pérez ACS in the first nine months of the year have reached 27,091 million euros, which represents an increase of 5.2%, thanks to the good performance of all the activities supported mainly in the growth of the North American, Australian and Spanish markets.

The geographical distribution of sales shows the broad diversification of the group, where North America represents 45% of sales; Europe, 21%; Australia, 19%; Asia, 8%; South America, 6% and Africa the remaining 1%. Sales in Spain account for 14% of total sales. The portfolio in the third quarter of the year stands at 70,329 million euros, growing by 7.7%. The gross operating profit (EBITDA) accumulated to the third quarter of 2018 reached 1,806 million euros, with an increase of 5.5%.

Total investments of ACS in the first nine months amounted to 679 million euros, resulting in a net balance for investment activities of 214 million.

Sales up to the third quarter of the Construction area reached 20,874 million euros, with an increase of 5.6%, corresponding 95% of the total to international activity. The turnover in Industrial Services has reached 5,109 million euros, with an increase of 3.5%, while the Services area obtained sales of 1,121 million, which corresponds only to Clece, with a growth of 5.1%.

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