FCC: FY2023 RESULTS (ANÁLISIS BANCO SABADELL)
4Q'23 vs. 4Q'22 ResultsSales: € 2.366 Bn (+9.3% vs. +9.8% BS(e));
EBITDA: € 398.3 M (+7.2% vs. +9.1% BS(e));
Net Profit: € 189.6 M (€ -43.1 M in FY2022 vs. € 140.49 M BS(e) and n/a consensus).
FY2023 vs. FY2022 Results
Sales: € 9.026 Bn (+17.1% vs. +17.3% BS(e));
EBITDA: € 1.53 Bn (+16.6% vs. +17.2% BS(e));
Net Profit: € 591.0 M (+87.5% vs. +71.9% BS(e)).
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.
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