FCC : Strong results on track to meet or even beat our FY estimates
>Results above our estimates across the board, especially in environmental services - FCC’s Q2 2021 results were significantly ahead of our estimates and bode well to beat our FY figures. The main and most important outperformance came from the environmental services division, which beat our estimates both on revenues and EBITDA (EBITDA € 14m above our figure), but the beat took place across all the company’s divisions: EBITDA € 6m, € 6m and € 9m higher in water, cons...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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