ACS Actividades de Construccion y Servicios SA (CHIX:ACSe)
€ 41.6 0 (0%) Market Cap: 10.27 Bil Enterprise Value: 12.47 Bil PE Ratio: 27.00 PB Ratio: 2.01 GF Score: 80/100
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Half Year 2019 ACS Actividades de Construccion y Servicios SA Earnings Call Transcript

Jul 29, 2019 / 04:00PM GMT
Release Date Price: €37.62 (+0.11%)
Unidentified Company Representative

Good afternoon, everyone, and thank you for joining us for ACS's First Half 2019 Conference Call. And here with us Ãngel Altozano, Corporate General Manager; and the rest of the team. We will briefly analyze the key aspects of our results, and we then look forward to any questions you might have.

ACS has delivered a robust performance during the first 6 months of 2019. At operating level, sales grow by 5.8% to EUR 18.8 billion. EBIDTA increased by 15.1% to EUR 1.6 billion. And EBIT by 9.7% to EUR 1.1 billion. These solid operating results drive a net profit growth of 17% to EUR 523 million. It is a EUR 104 million contribution from Abertis.

On a comparable basis, excluding the Abertis profit and assuming an unchanged stake in HOCHTIEF, our net profit rose by 4%. Operating cash flow improved by 20% year-on-year on our last 12 months basis. This includes an operating CapEx increased higher tax payments in the current period. Our net debt stood at EUR 725 million, EUR 667 million higher than 12 months ago. The main driver here is the net EUR 1.3 billion equity

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