Fomento de Construcciones y Contratas is growing in 2022. infrastructure company It closed 2022 with a revenue of 7,705.7 million Euros, an increase of 15.7% compared to the previous year.. The same growth was in gross operating profit, which reached 1,311,4 million. However, the net operating result decreased by 23.9% to 610.5 million. They justify this decline from the company with “a value adjustment made in the cement field’s goodwill reflecting the impact of higher energy costs”.
FCC Group’s contract portfolio as of December 31 of last year amounted to €40,273.8 million.33.4% more than in 2021. “It is worth noting that the annual growth in the construction area is 65.4% and the growth in the water area is 32.2%. more than 64% of the total,” they comment in the document submitted to the National Securities Market Commission. The publicly traded company, mostly owned by Mexican businessman Carlos Slim, has a net debt of 3,192.7 million euros.
Among the milestones of the infrastructure company in Spain in the past financial year Organizer highlights takeover bid for Metrovacesaresulted in the acceptance of 11.47% of the company’s capital. This allowed FCC to consolidate at 14.3% as the third largest shareholder after Banco Santander and BBVA. It also highlights Purchase of Murcia Tram for 48.5 million Eurosmanaging the only existing line in the city for the next 40 years.
National and international conventions
The construction part was awarded a project worth 2 billion 700 million Euros: Leads a consortium to build the first tunnels for high-speed and freight railways in Saudi Arabia; It is part of the construction of the RV 555 highway, which will connect the island of Sotra with Bergen, Norway; Received two railway contracts in Romania; extended the contract to operate the Maya Train in Mexico; will build a commuter line in Toronto and receive 50% of the Stations, Trains and Systems contract for the expansion of the Scarborough Subway in Canada; It will form part of a consortium that will put six bridges into service over a highway in Pennsylvania, USA.
In the environmental division specializing in waste collection and treatment, it has won contracts worth 1,000 million in the United States: Placer (California), Port Saint Lucie (Florida), Palm Coast and Lake County (Florida) and Hillsborough County, Florida. It also strengthened its foothold in the country by acquiring Houston Waste Solutions, a municipal solid waste company in the Houston metropolitan area. In Spain, agreements have been signed to treat 2,300 million worth of waste in Badajoz, Mijas, Granollers, Tenerife, Zaragoza, Vigo, Madrid, Salamanca, Alicante and Girona..
aqualiaFCC’s water treatment subsidiary, signed three new contracts and bought companies. The contracts will serve eight million people in Saudi Arabia; 100% of the assets of Saur Colombia SAS, which includes six concessionaire companies on Colombia’s north coast and 80% of the water business of Georgia Global Utilities JSC, the city’s infrastructure operator, are prominent in the acquisitions. Tbilisi, Mtskheta and Rustav.