ACS increases profits by 20% to 163 million

No time to read?
Get a summary

hot water Achieved a net profit of 163 million euros in the first three months of the year 20% increase underlining the contribution of Abertis, in which it invested, compared to the same period last year, thanks to the good performance of all its businesses.

This The company’s total sales reached 8,111 million Euros, 17% more.According to the income statement, it increased its gross operating result (Ebitda) by 15.6% compared to a year ago to 462 million Euros.

For business, Increased construction turnover by 17 percent, due to the impetus of Dragados and its German subsidiary Hochtief. At the end of March 2023, this segment’s portfolio grew 7.5% in local currency to 18,833 million.

In concessions, sales doubled as a result of the recovery in traffic on the toll roads; Iridium contributed 14% more to the group’s net profit of € 7 million and Abertis contributed € 41 million, more than four times that. same period of 2022. In this sense, the concessionaire’s contribution after the acquisition of the SH-288 Texas highway and Abertis’ good quarterly operating performance offset the change in margins in Construction due to the change. In the business ‘mix’ with further growth in operations in North America.

on his behalf Sales in services increased by 8.4%With a project portfolio of 2,787 million euros, equivalent to 18 months of production, almost stable compared to the same quarter of last year.

No time to read?
Get a summary
Previous Article

Watch LIVE ONLINE University of Chile – Cobresal for the 2023 tournament: when is it, where, what time and how to watch it online via streaming and TV channel

Next Article

The SP submits a bill “on the protection of children”. This includes protection standards, the establishment of a child representative and the obligation to train judges