FCC : Continuing strong results, this time driven by construction and cement
>All divisions remained strong and outperformed our estimates - FCC’s Q1 2023 results beat our estimates, with total revenues of € 2,027m (€ 290m or 17% above) and EBITDA of € 332m (€ 37m or 12% above). The outperformance came mainly from higher sales across the board and, specifically, higher EBITDA in the construction and cement divisions (€ 9m and € 13m respectively). Lower margins in environmental services and water were driven by one-off impacts in the quarter wh...Fomento de Construcciones y Contratas is the parent company of a group engaged in sanitation services, cleaning, maintaining, purification and distribution of water, construction of highways, hydraulic works, marine works, air and rail transport infrastructure, urban developments, housing, non-residential buildings, office buildings, toll highways, parking garages, marinas and water treatment plants. Co. is also engaged in the manufacture and sale of cement and cement infrastructures, such as precast concrete elements; and in the financial markets, and real estate development, leasing and tourism.
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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