FCC : Strong operating results confirm the latest trends and bode well for 2023
>Strong results across the board, laying the foundations for further growth - FCC’s Q4 2022 results were above our estimates: total revenues € 2,164m (€ 250m or 13% above) and EBITDA € 371m (€ 53m or 17% above). The outperformance came mainly from the real estate division (€ 38mn higher EBITDA), with faster deliveries than expected, but also from Construction (€ 10m higher EBITDA) and the more recurrent Environmental Services (€ 9m higher EBITDA). The lower result bel...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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