Actividades de Construccion y Servicios SA (ES:ACS) has released an update.
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Actividades de Construccion y Servicios SA (ACS) reported a substantial growth in the first half of 2024, with net profits rising by 8.1% to 416 million euros, and a significant 10.1% increase in sales to 18.749 billion euros. The company’s EBITDA climbed by 23.8%, largely due to the consolidation of the Australian mining company Thiess. In addition, the firm’s backlog surged by 12.8% to a record high, and it made strategic moves in Europe with the acquisition of the Irish engineering firm Dornan, as well as integrating its North American Engineering and Civil Construction businesses.
For further insights into ES:ACS stock, check out TipRanks’ Stock Analysis page.
