ACS Actividades de Construccion y Servicios SA
DUS:OCI1

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ACS Actividades de Construccion y Servicios SA Logo
ACS Actividades de Construccion y Servicios SA
DUS:OCI1
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Price: 88.65 EUR 1.9%
Market Cap: 12.8B EUR

ACS Actividades de Construccion y Servicios SA
Investor Relations

ACS Actividades de Construcción y Servicios SA, often referred to simply as ACS, is a global behemoth in the world of infrastructure and construction services. Founded in Spain, this company has built an expansive empire that spans continents, engaging in numerous building and civil engineering projects. At its core, ACS operates through a diversified portfolio, with a significant emphasis on infrastructure development. The company expertly mixes traditional construction with specialized services in engineering and industrial operations, ensuring a steady stream of projects and contracts across the globe. With a methodical and strategic approach, it has positioned itself to capture both large-scale public works projects such as highways, bridges, and airports, as well as private sector contracts in energy and telecommunications. This diversity not only strengthens its revenue streams but also provides a buffer against the cyclicity of the construction industry.

The revenue model of ACS is multi-layered and sophisticated, leveraging its subsidiaries and strategic joint ventures. Concessions, where ACS invests in the construction and then operation of infrastructure, provide a dependable long-term cash flow. Beyond construction, ACS has embraced the energy sector through interests in renewable energy projects, recognizing the global pivot towards sustainable solutions. This foresight into emerging trends allows ACS to tap into markets with lucrative growth potential. Furthermore, its industrial services arm provides a broad array of services, from energy transmission to facility management, adding another dimension to its earning capabilities. This comprehensive approach, combining construction prowess with strategic ventures and services, underlines ACS's ability to generate substantial revenues while navigating the complexities of the modern global market.

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Last Earnings Call
Fiscal Period
Q1 2025
Call Date
May 13, 2025
AI Summary
Q1 2025

Sales Growth: ACS reported strong sales of EUR 11.8 billion for Q1 2025, up 35.4% year-on-year, driven by robust activity across all segments, especially in Engineering & Construction and advanced technology.

Profit Increase: Net profit reached EUR 191 million, showing a 17.2% increase on a comparable basis, aligning with the upper range of management’s growth guidance.

Order Backlog: Backlog hit a record EUR 90.8 billion, up 16.5% year-on-year, supported by new orders of EUR 15.6 billion and a book-to-bill ratio of 1.3x.

Cash Flow & Investments: Strong net operating cash flow of EUR 1.7 billion over the last 12 months, aiding significant investments in M&A, infrastructure (notably data centers), and shareholder returns.

Guidance Reiterated: Management reaffirmed their target of up to 17% ordinary net profit growth for 2025 and expressed confidence in continued strong cash generation.

Data Center Strategy: ACS has invested about EUR 500 million in data center land so far in 2025, with plans to bring in a 50% co-investor later in the year.

Key Financials
Sales
EUR 11.8 billion
Net Profit
EUR 191 million
Order Backlog
EUR 90.8 billion
Net Operating Cash Flow (Last 12 Months)
EUR 1.7 billion
EBITDA
EUR 699 million
Profit Before Tax
EUR 354 million
Earnings Per Share
EUR 0.35
Turner Sales
EUR 5.8 billion
Turner Profit Before Tax
EUR 176 million
Turner Order Backlog
EUR 33.8 billion
CIMIC Profit Before Tax
EUR 118 million
CIMIC Order Backlog
EUR 43.4 billion
Engineering & Construction Sales
over EUR 2.5 billion
Engineering & Construction EBITDA Margin
5.28%
Engineering & Construction Profit Before Tax
EUR 68 million
Engineering & Construction Order Backlog
EUR 30.7 billion
Abertis Revenue
EUR 170 million (A63 toll road, 2024)
Abertis EBITDA
EUR 134 million (A63 toll road, 2024)
Abertis Traffic Growth
1.8%
Abertis Net Debt
EUR 22.5 billion
Abertis Dividends Distributed
EUR 602 million
Abertis Shareholder Capital Injection
EUR 400 million (to be disbursed Q2 2025)
Net Debt (Group)
EUR 2.8 billion (as of March 2025)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Florentino Pérez Rodríguez
Executive Chairman
No Bio Available
Mr. Jose-Luis del Valle Perez L.L.B.
General Secretary & Executive Director
No Bio Available
Mr. Juan Santamaria Cases
CEO & Director
No Bio Available
Mr. Emilio Grande L.L.B.
Chief Financial Officer
No Bio Available
Ms. Cristina Aldamiz-Echevarría González de Durana
Head of Associates, Operations & Sustainability
No Bio Available
Ms. Paula Garcia Arango
Compliance Manager
No Bio Available
Mr. Alfonso Esteban Morena Garcia
Chief Legal Office
No Bio Available
Ms. Martina Steffen
Chief Human Resources Officer
No Bio Available
Mr. Ángel Manuel García Altozano
Corporate Managing Director
No Bio Available
Mr. Luis Cellier
Head of Institutional Relations & Markets
No Bio Available

Contacts

Address
MADRID
Madrid
Avda. Pio XII, n 102
Contacts
+34913439200.0
www.grupoacs.com