FCC reports a net attributable profit of 96.9 million euros for the first quarter, marking a 13.9% increase versus the same period in 2022, according to the group on Monday.
FCC’s gross operating result, known as EBITDA, reached 332.1 million euros in the January to March period, reflecting a 19.3% rise from the opening quarter of the previous year.
The company noted that quarterly EBITDA was supported by solid revenue growth, driven by strength in the Cement and Construction segments, where activity clearly picked up in the first quarter.
The Group explained that the slower growth in net income compared with EBITDA stems from a weaker contribution from exchange rate movements in this period relative to Q1 2022 and from a higher tax burden incurred during January to March of this year.
FCC’s turnover reached 2,026.7 million euros, thanks to the healthy performance across all businesses. The Construction sector led the gains, expanding 55.7% in the first quarter and contributing a 21.2% increase versus the same period in 2022.
At the end of the quarter, FCC’s net worth stood at 5,066.2 million euros, up 2.6% from the level recorded in the same period a year earlier.
The revenue portfolio totaled 42,073.8 million euros at the end of the first quarter. The water division contributed to this figure, delivering a year over year increase of 4.5%, while the Environment division followed in importance as a key component of the consolidated sales mix.
The results underscore a broad-based positive performance across the group, with each line of business contributing to the overall revenue expansion and margin recovery observed in the period. The mix of activities demonstrated a favorable trend toward higher value projects in construction and continued demand in water and environmental services, supporting the group’s outlook for the rest of the year. This commentary aligns with the company’s ongoing emphasis on operating efficiency and disciplined capital management as it navigates currency and tax headwinds in the current economic environment.
The quarter also highlighted a strengthening balance sheet, with net worth increasing and the overall turnover reinforcing confidence in FCC’s strategic priorities and its capacity to convert revenue growth into meaningful profitability over time. Investors and analysts will be watching how these dynamics unfold in the upcoming quarters as the group continues to execute its plans in cement, construction, water, and environmental solutions.
In commentary, industry observers noted that currency movements and tax considerations can impact quarterly results, but the underlying revenue growth and margin expansion signal a resilient business model supported by diverse income streams. The company remains committed to sustaining this momentum through disciplined cost control, selective investment, and a focus on high-return projects that align with market demand across its core segments. Citations: FCC Group Q1 results press release, market briefings