Net Profit Growth of FCC by 9.2% During the First Half

FCC has revealed its financial results for the first half of this year, showcasing significant growth across several key metrics. The business volume has reached 4.237,5 billion euros, marking an 8.7% rise compared to the same period last year. This increase is due to the strong operational performance across all of the group’s business areas, bolstered by the awarding of new contracts as well as acquisitions.

The net profit attributable to FCC in these six months was 279.6 million euros, representing a 9.2% increase compared to the same period in 2023. The gross operating profit (Ebitda) also saw a rise of 4%, reaching 608.4 million euros, with an operating margin of 14.4%.

Furthermore, the net operating profit (Ebit) has hit 355.1 million euros, up from 324.4 million euros recorded in the same period the previous year, an increase of 9.5%.

Regarding the net financial debt, it has decreased by 3.9% as of June 30, 2024, standing at 2.978,7 million euros. This reduction is primarily due to an increase in payments for investment and acquisitions in the Environment and Water areas, offset by the exclusion of financial debt from the activities in the process of spin-off.

On the other hand, FCC’s net equity has grown by 4.9%, reaching 6.442,6 million euros.

The company continues to demonstrate its financial strength and capacity for growth in a challenging economic environment, thanks to effective management and expansion strategies in its key business areas.

Source: Decoración 2.0, decoration news in Spanish

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