Spain · Delayed Price · Currency is EUR ACS, Actividades de Construcción y Servicios Earnings Call Transcripts
Fiscal Year 2025
-
Strong 2025 results with 25% net profit growth, record backlog, and robust cash flow support strategic investments in Data Centers, Defense, and critical minerals. 2026 guidance targets 20%-25% profit growth, with continued focus on high-growth markets and disciplined capital allocation.
-
The group has surpassed its 2025 financial targets ahead of schedule, driven by a strategic focus on high-growth verticals, especially data centers. A new joint venture with GIP BlackRock accelerates data center development, targeting 3 GW by 2030 and $11B equity value, while maintaining strong cash flow and disciplined capital allocation.
-
Sales rose 23.7% to EUR 36.8 billion and ordinary net profit grew 19.5% to EUR 585 million, with strong cash flow and a raised 2025 profit guidance. Turner and Abertis delivered standout results, while data centers, defense, and critical minerals drive future growth.
-
Sales rose 28.6% to EUR 24.1 billion and ordinary net profit increased 17% to EUR 392 million, driven by strong performance in digital infrastructure, biopharma, and strategic investments. Order backlog reached EUR 89.3 billion, with robust cash flow and a positive outlook for 2025.
-
Q1 2025 saw robust growth in sales, net profit, and backlog, with strong cash flow and major investments in data centers and infrastructure. Turner and CIMIC delivered standout results, and the outlook remains positive with a focus on profitable growth and value creation.
Fiscal Year 2024
-
Ordinary net profit rose 14% to EUR 684 million, exceeding targets, with sales up 16.5% and record cash flow. The order backlog hit EUR 88.2 billion, and strategic investments and acquisitions strengthened growth in digital infrastructure and concessions.
-
First half 2024 saw strong growth in sales, profit, and cash flow, with major strategic moves including acquisitions, a new North American entity, and increased stake in Thiess. Backlog and order intake reached record levels, supporting a positive outlook.