The FCC Group has released its annual results for 2024, highlighting a notable growth in its financial figures. The group’s turnover reached €9,071.4 million, representing a 10.4% increase compared to the previous year. This growth is largely attributed to the expansion of activities in different areas, with a significant growth of 26.3% in the Concessions sector. Additionally, the Environment and Water sectors have also shown significant advancements, with increases of 12.8% and 12.6% respectively, thanks to the addition of new contracts and acquisitions in both Europe and the United States.
The gross operating profit, known as Ebitda, stood at €1,435.3 million, representing an 11.7% growth compared to the previous year. This increase reflects the growth in revenues and the stability of operating margins, with the Concessions section contributing the most, establishing an operating margin of 15.8% on turnover.
It is important to note that as of November 2024, the Cement and Real Estate business areas were spun off from the group, resulting in a 27% decrease in attributable net profit, which ended at €429.9 million at the end of the year. The group’s consolidated net financial debt has decreased to €2,990.4 million, representing a 3.5% decrease compared to December 2023. This reduction is due to payments made for investments in the Environment and Water areas and the exclusion of debt from the spun-off businesses.
Finally, the FCC Group’s equity reached €3,736 million, reflecting a 39.2% decrease compared to the previous year. This reduction is largely related to the partial spin-off in favor of Inmocemento, which involved the transfer of net assets from the Real Estate and Cement business areas to its shareholders. As for the group’s portfolio, it closed at €43,043.8 million, with a 3.8% increase.
Referrer: MiMub in Spanish
