Acciona : Good results across the board, with strong revenues and a high margin in Construction
>Operating results clearly above our estimates could lead to an opportunity at the ‘stub’ - Acciona’s results excluding Acciona Energía were above our estimates (revenues 7% or € 446m above and EBITDA 19% or € 67m above) due to a strong overall revenue performance across the board, that was mainly accelerated at EBITDA level in the Construction division, where the EBITDA margin came as a positive surprise (5.0% vs 4.0% estimated) with a good result also from ‘Corporat...Acciona is the parent company of a construction group. Co. is engaged in general construction activities in the areas of civil engineering and buildings, including railways, marine and hydraulic works, motorways and airports, town planning, conduits, pavements, parking lots, and industrial and urban buildings. In addition, Co. is engaged in the provision of real estate services, the operation of parking lots, telecommunications, services, ecology and alternative means of energy. Co.'s operations are organized in six business divisions: Infrastructures, Real Estate, Energy, Water, Environmental & Urban Services and Logistic & Transport Services.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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