MADRID, 30 Abr. (EUROPA PRESS) –
FCC obtained an attributable net result of 105 million euros in the first quarter of 2024, which represents an increase of 8% compared to the same period of the previous year, despite the higher financial expenses, which were offset by the greater activity of its different businesses.
As reported by the construction company to the National Securities Market Commission (CNMV), revenues increased by 8%, to 2,186 million euros, at the same time that the gross operating result (Ebitda) was 355 million, a 7% higher.
The company increased its activity in most of the business areas, among which Water stood out, reinforced with its entry into the United States market, and Construction, with the largest contribution of new contracts in several of the countries in which it operates. Opera.
Also noteworthy is the greater contribution of Cement, thanks to the impact of the progressive reduction in energy costs, which is contrasted by the effect of a provision made in the waste treatment activity in its Environment subsidiary.
By business, Environment grew by 5%, with revenues of 912 million euros; Water 14%, with 335 million in turnover; Construction up 15%, up to 564 million; Cement 3%, with 150 million; and Real Estate fell 33%, with 67 million.
The FCC group’s income portfolio recorded at the end of the first three months grew by 4.4%, to 43,459.1 million euros, compared to the end of the previous year, due to the greater activity of the integral cycle of the Water and for the new contracts obtained by Environment.
Net financial debt closed the quarter at 3,555 million euros, with an increase of 14.7%, largely explained by the investments made, especially in the areas of Environment and Water (among which stands out the purchase in the United States of the company MDS for 81.4 million euros), the application of working capital and the increase in participation in Realia in the Real Estate area, for 92.6 million euros, reaching a participation in this subsidiary of 76.6% at the end of the period.
For its part, net worth experienced a growth of 1.2%, to 6,219.7 million euros, due to the increase in the group’s consolidated result to 144.1 million euros, of which 39.5 million euros corresponded to minority shareholders, located mainly in the Environment, Water and to a lesser extent in the Real Estate area.
