hot water is closing the year 2022 in the best way. largest contract portfolio in historyworth 68,996 million euros, 8.3% more than at the end of 2021. This allowed it to increase its revenue by 20.8% year-on-year to 33,615 million. When this figure is adjusted for the exchange rate, billing increases by 11.6%.
With all this, the company, headed by Florentino Pérez, posted a net profit of 668 million, an increase of 66% compared to the previous year. The construction division contributed 350 million profits, while the concessions and services division did so with profits of 194 and 27 million., respectively. “The result includes a positive impact from the change in the fair value of hedging instruments related to ACS shares of €56 million, net taxes (25%) and provisions made during the period (€67 million). Document submitted to the National Securities Market Commission. clarifies the listed company (65m euros), as well as the revaluation of “earnings” for the sale of industrial services.
North America is at the forefront of revenue
53% of ACS’ businesses are located in North America, 28% in Asia-Pacific, 9% in Spain and 9% in the rest of Europe. But, Despite the portfolio percentage represented by the United States and Canada, it contributes 62% of revenue.. Unlike Asia, which accounts for 28% and contributes only 22% to turnover.
The construction segment represents almost all of its revenue, €31,433 million. The listed company says this division has increased its sales by 21.5% year-on-year “thanks to the well-developed business in both Dragados and Hochtief and the revaluation of the US dollar.” International revenues represent 95% of the division’s total turnover, with North America and Australia leading the way. Spain accounts for only 4%.