FCC : Good results maintain the positive trend of recent quarters
>Solid pace across the board: recurrent businesses maintaining strong growth - FCC’s Q2 results were in line with our estimates at operating level, with total revenues of € 2,251m (€ 61m or 3% above) and EBITDA of € 325m (€ 1m or 0% above our estimates). The in-line performance was the result of a good operating performance at the Water and Environmental Services (most relevant ones for valuation purposes) offset by a faster-than-expected deceleration in construction ...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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