FCC : Strength in all divisions leads to good results and show the company’s favourable momentum
>Overall strength results in a 5% beat on EBITDA - FCC’s Q2 2022 results were slightly above our estimates as the more recurrent businesses maintained their strong growth, whilst the more volatile ones also showed a very positive quarter: revenues € 1,913m (€ 82m or 4% above) and EBITDA € 325m (€ 14m or 5% above). The outperformance was almost evenly spread between all divisions, especially at EBITDA level. Net debt of € 3.6bn was in line with our estimates, with hig...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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