ACS : Operating results in line with our estimates while positive performance on cash flow
>Operating results in line; Integration of Flatiron and Dragados in North America announced to create a leading player in civil engineering - The company’s Q2 2024 operating results were in line with our estimates: revenues 0% or € 25m above our estimates, EBITDA € 700m (4% above vs the € 675m estimated). At the net profit level, there was a negative one-off non-cash effect related to financial instruments of € 91m, while the differences in net financial expenses, eq...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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