FCC : Positive view maintained on the back of strong 2021 results
>Good operating performance should continue, with real estate being fully consolidated for the first time… - The interim results published during 2021 have consistently showed a strong underlying performance across the board, with organic revenue growth and solid margins resulting in upward pressure to our estimates. We are, in fact, raising our estimates to include the real estate division, which will be fully consolidated after the company’s acquisition of an additi...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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