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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Q3 2021 ACS Actividades de Construccion y Servicios SA Earnings Call Transcript

Nov 12, 2021 / 10:00AM GMT
Release Date Price: €23.2
Ã;ngel Manuel GarcÃ;a Altozano
ACS, Actividades de Construcción y Servicios, S.A. - Corporate MD

­ -

Good morning, and thank you for joining in this September 21 results presentation. As always, we'll briefly analyze the key aspects of our results, which were released yesterday, and then we'll have a Q&A session.

We are referring growth rates to 2020 pro forma figures that is with Industrial Services reclassified as discontinued operations after the sale agreement to [VINCI] and accounting for a 50% stake in this as equity method in both years. In the first 9 months of 2021, sales decreased 2.8% to EUR 20.4 billion, affected by the U.S. dollar depreciation of 5.6% year-on-year.

FX adjusted sales remained virtually stable. Backlog at historical highs, closing at EUR 66.4 billion, that is 8.6% higher than the prior year. EBITDA reached EUR 1.16 billion, increasing by 12.5%, thanks to the positive contribution from Abertis and operating margin resilience. As you know, Abertis was highly affected by worldwide mobility restrictions imposed after the COVID

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