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Q3 2020 Fomento de Construcciones y Contratas SA Earnings Call Transcript
Hello. Good morning. I'm Miguel Coronel, Director for Markets of the FCC Group. We are delighted to have you here with us this morning. We have -- we're going to present the earnings of the last quarter.
I would like to mention 2 elements of this earnings. First of all, the evolution of the company's EBITDA, which reached EUR 761.5 billion. It grew by 2.8%, and this increase was due to several elements. First of all, we observed a progressive recovery of operational activities, especially in the third quarter. Secondly, there was a greater contribution of concessions, which had already been observed in previous months. And finally, there was a higher contribution of sales of CO2 rights in the Cement area, especially in the third quarter. But if we adjust this last factor, the accumulated EBITDA until September had -- well, recorded a slight fall with respect to the same period of 2019.
Now the attributable net earnings reached EUR 174.5 million, which is 25.1% less. Of
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