Actividades de Construccion y Servicios SA ( (ACSAY) ) has released its Q3 earnings. Here is a breakdown of the information Actividades de Construccion y Servicios SA presented to its investors.
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Actividades de Construccion y Servicios SA (ACS) is a leading global construction and services company, operating primarily in the infrastructure sector with a significant presence in various international markets.
In its recent earnings report, ACS announced a net profit of 605 million euros for the first nine months of 2024, marking a 5% increase year-on-year, driven by strong operating performance across its divisions. The company’s sales and EBITDA also saw substantial growth, contributing to a robust financial outlook.
Key financial highlights include a 12.5% increase in sales to 29,702 million euros, and a notable 17.9% rise in EBITDA to 1,679 million euros. ACS’s order backlog reached an unprecedented 86.5 billion euros, reflecting a 15.5% growth, buoyed by major contract awards in infrastructure and digital projects. The acquisition of Thiess and other strategic investments have, however, resulted in a net debt of 2.4 billion euros.
The company continues to expand its international footprint, with significant projects in North America, Asia Pacific, and Europe. Notable contracts include infrastructure developments in the US, extensive energy projects in Australia, and various construction projects across Europe.
Looking ahead, ACS’s management remains optimistic about sustaining growth through strategic investments and an expanding project portfolio, positioning the company well in the competitive infrastructure market.