FCC : Strong results in all divisions show the good company’s momentum
>Better results across the board on the back of higher margins - FCC’s Q3 2021 results were ahead of our estimates, as a slight beat in revenues managed to feed through to EBITDA, leading to higher margins in all divisions: revenues 1% above, opex 0% and EBITDA 11% above. The main and most important outperformance came from the environmental services division, which beat our estimates both on revenues and EBITDA (EBITDA € 13m above our figure), but the beat took plac...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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