ACS Announces Group Earnings Results for the Nine Months of 2019; Provides Earnings Guidance for the Year 2019
November 08, 2019 at 05:00 am EST
Share
ACS announced group earnings results for the nine months of 2019. For the period, at operating level, sales rose by 6.3% to EUR 28.8 billion. EBIT increased by 7% to over EUR 1.6 billion. These solid operating results drive a net profit growth of 11.2% to EUR 769 million.
The company provided earnings guidance for the year 2019. For the year, the company expects 5% top line growth and 10% net income growth, meaning over EUR 1 billion of net profit.
ACS, Actividades de Construcción y Servicios, S.A. is one of Spain's leading construction groups. Net sales break down by activity as follows:
- construction of infrastructures and buildings (93.3%): civil engineering infrastructures (primarily highways, hydraulic constructions and railroads), non-residential and residential buildings;
- services (5.4%): cleaning, waste collection and treatment. Moreover, the group offers maintenance services of urban and industrial infrastructures, port and logistical services, and also social services and personal assistance services.
- industrial services (0.5%): development, construction, installation and maintenance of distribution networks of electricity, gas and water, industrial production systems, telecommunication networks, road traffic control systems, etc.;
- other (0.8%).
Net sales are distributed geographically as follows: Spain (9.4%), the United States (56.3%), Australia (20.2%), Canada (5.3%), Germany (2.4%) and others (6.4%).
ACS, ACTIVIDADES DE CONSTRUCCIÓN Y SERVICIOS, S.A. 
