Fomento de Construcciones y Contratas SA
F:FCC

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Fomento de Construcciones y Contratas SA Logo
Fomento de Construcciones y Contratas SA
F:FCC
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Price: 11.2 EUR -0.53% Market Closed
Market Cap: 4.9B EUR

Fomento de Construcciones y Contratas SA
Investor Relations

Fomento de Construcciones y Contratas, SA, known as FCC, operates at the confluence of sustainability and urban development, establishing itself as a pivotal player in the infrastructure sector. Originating in Spain, this conglomerate has woven a vast tapestry of services ranging from environmental management to comprehensive infrastructures. At its core, FCC thrives on its adaptability and commitment to sustainable practices. Whether it’s efficiently managing waste, through innovative recycling and energy recovery processes, or maintaining water infrastructures, the company has seamlessly entwined operational excellence with ecological responsibility. This strategic blend allows FCC not only to cater to municipal needs but also to anticipate the ever-evolving global standards for sustainability.

Pioneering initiatives extend further into the realm of construction and urban services, where FCC has cultivated a robust portfolio encompassing civil engineering projects and the development of iconic architectural landmarks. The conglomerate transforms urban landscapes with projects that enhance connectivity and urban livability—be it through roadways, bridges, or public transport systems. Complementing its infrastructure prowess, FCC fosters urban ecosystems with facility management and integrated maintenance services that solidify its income stream across various cycles of urban development. The company’s ability to integrate a diverse range of services underpins its financial stability, as it combines predictable revenue from long-term contracts with opportunities in growing areas of environmental responsibility. Through this multifaceted approach, FCC not only sustains urban growth but also aligns with a vision for a resilient future.

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Last Earnings Call
Fiscal Period
Q3 2022
Call Date
Nov 4, 2022
AI Summary
Q3 2022

Revenue Growth: Group revenues grew by 13.9% to over EUR 5 billion, with double-digit increases across all business areas.

EBITDA Performance: EBITDA rose 15.4% to EUR 940 million, reflecting strong operational results and successful cost management despite higher energy prices.

Margin Pressure: Operational margin decreased to 17% from 17.7% last year, mostly due to energy costs, especially in the Cement division.

Debt and Refinancing: Net financial debt stands at EUR 3.5 billion, up 10% from last December, but the company faces no major refinancing needs in the next 12 months except a EUR 600 million bond maturing December 2023.

Inflation Protection: Most contracts in key business areas (Environment, Water, Real Estate) are well protected against inflation, with price indexation and long-term arrangements.

Business Area Highlights: Environment, Water, and Real Estate together account for 83% of EBITDA, each showing strong growth and profitability.

Key Financials
Revenue
EUR 5 billion
EBITDA
EUR 940 million
Operational Margin
17%
Net Financial Debt
EUR 3.5 billion
Attributable Profit
EUR 358 million
Environment Revenue
EUR 2.6 billion
Water Revenue
EUR 970 million
Water EBITDA
EUR 263 million
Construction Revenue
EUR 1.3 billion
Construction EBITDA
EUR 86.5 million
Cement Revenue
EUR 377 million
Cement EBITDA
EUR 22.1 million
Real Estate Revenue
EUR 257 million
Real Estate EBITDA
EUR 84.1 million
Other Earnings Calls

Management

Engineer Gerardo Kuri Kaufmann
Executive Director
No Bio Available
Mr. Felipe Bernabe Garcia Perez
General Secretary
No Bio Available
Mr. Pablo Colio Abril
CEO, MD, MD of FCC Construction & Director
No Bio Available
Mr. Miguel Angel Martinez Parra
General Manager of Administration & Finance
No Bio Available
Jose Cerro Redondo
Head of Legal Services
No Bio Available
Mr. Felix Parra Mediavilla
Managing Director of FCC Aqualia
No Bio Available
Mr. Jaime Emilio Rocha Font
Chief Executive Officer of Cements Portland Valderrivas
No Bio Available

Contacts

Address
MADRID
Madrid
C/ Avenida Camino de Santiago, 40, Las Tablas
Contacts
+34917574751.0
www.fcc.es