Spain · Delayed Price · Currency is EUR ACS, Actividades de Construcción y Servicios Earnings Call Transcripts
Fiscal Year 2026
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Operational net profit rose 30% year-on-year to EUR 510 million, with sales and EBITDA up double digits and a record backlog of EUR 106 billion. Data centers drove growth, and 2026 profit guidance was raised to 30–35%. S&P upgraded the credit rating, and cash generation remained strong.
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Q1 2026 saw robust growth in sales, net profit, and cash flow, with a record backlog nearing EUR 100 billion and strong performance across all segments, especially Turner and data centers. Guidance for 2026 is reiterated, with a 20% dividend increase and continued focus on high-growth markets.
Fiscal Year 2025
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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.
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Raised financial targets and accelerated growth in data centers, digital, and high-tech verticals, with a 3 GW data center portfolio targeted by 2030 and a new joint venture with GIP BlackRock. Equity value of core assets is projected to reach $18 billion by 2030, supported by strong cash flow and disciplined capital allocation.
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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.
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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.
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Q1 2025 saw robust growth in sales, net profit, and backlog, with strong cash flow and major project wins in data centers and infrastructure. Strategic acquisitions and a record order book support a positive outlook, with continued focus on high-tech and U.S. markets.
Fiscal Year 2024
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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.
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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.