Spain · Delayed Price · Currency is EUR ACS, Actividades de Construcción y Servicios Earnings Call Transcripts
Fiscal Year 2026
-
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
-
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.
-
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.
-
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 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
-
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.