ACS : Cash to be shown in the balance sheet finally, strategy update still pending and cautious view maintained
>Fine-tuning estimates with a hint on capital gains from the disposal of Industrial Services - ACS will report its FY 2021 results on Thursday, 24 of February after the market close, with a conference call on Friday 25 at 12.00 CET. We are fine-tuning our estimates ahead of these results to reflect mainly the latest reported Cimic results (which led us to revise our Hochtief estimates) and the € 2.9bn capital gain stated to come from the disposal of the Industrial Ser...ACS Actividades de Construccion y Servicios is a holding company. Through its subsidiaries, Co.'s activities are divided into the following areas: Construction, engaged in the construction of civil works, and residential and non-residential building construction; industrial services, engaged in the development of applied engineering services, installations and the maintenance of industrial infrastructures in the energy, communications and control systems sectors; services, groups together environmental services, the outsourcing of building maintenance services, logistics and transport services; and concessions, mainly engaged in transport infrastructure concessions.
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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