The one that appreciated the most was FCC, 64%, followed by ACS, 48%
MADRID, 30 Dic. (EUROPA PRESS) –
The seven large Spanish construction companies listed on the Stock Exchange advanced more than 27% in their market capitalization throughout 2023, in a year marked by the increase in materials prices and the push of European funds dedicated to infrastructure. that boosted its profits to double digits.
Specifically, the sum of the capitalization of ACS, Ferrovial, Acciona, Sacyr, FCC, OHLA and San José at the end of the year reached 51,886 million euros, compared to the 40,727 million they were worth on the stock market at the beginning of the year, according to data consulted by Europa Press.
Although ACS almost triples Ferrovial’s turnover, the latter company continues to reign in the sector by market capitalization, reaching 24.5 billion euros, compared to 11.2 billion for ACS.
Ferrovial, chaired by Rafael del Pino, has soared 35% on the stock market, in a year in which it starred in one of the key news of 2024, by announcing the transfer of its headquarters to the Netherlands, thus losing its parent company Spanish nationality. .
Despite the controversy generated, mainly due to the Government’s opposition to this operation, its shareholders have supported the company by purchasing more shares. In the first quarter of the new year, it is expected to make the jump to the US stock market, its main market.
Regarding Florentino Pérez’s multinational, its shares have appreciated 48% in the last twelve months, after obtaining new million-dollar contracts almost every day around the world, especially in Australia and the United States.
ACS invoiced more than 26,000 million euros in the first nine months of the year, and its project portfolio already reaches 75,000 million euros. Together with its subsidiary Abertis, it is increasing its position in highway concessions, where all construction companies see great growth potential for the future.
Another of the main protagonists in 2024 has been FCC, which despite being worth 6,660 million euros on the Stock Market, is not listed on the Ibex 35 due to its low floating capital (‘free float’). Its growth on the stock market has been 64%, mainly due to the operation launched by its owner, the Mexican Carlos Slim, to increase his position of control in the company.
A separate mention deserves Acciona, whose energy branch, one of the two large legs on which its business pivots, hindered its performance on the stock market, losing 23% of its stock market value in 2024, due to the fall in prices. energy prices compared to those of the previous year, when they shot up to historic highs.
However, its infrastructure business continued to make positive progress, with revenue from this business increasing by 37% until July, reaching 3,634 million euros, and with a record infrastructure portfolio of 31.7 billion euros.
Regarding Sacyr, which is listed on the Ibex 35, it also rose 17%, to 2,115 million euros. Its profit until September increased by 36% and in the last year it has divested itself of its Services business to focus on concessions and reducing its debt.
As for those listed on the Continuous Market and with a smaller size, OHLA fell 4.2% on the Stock Exchange and Grupo San José another 10%, with a value of 267 and 230 million euros, respectively, despite the fact that both They grew in profits and billing, OHLA with sales of 2,256 million euros, 10% more than a year ago, and San José with 975 million, 22% more.
