FCC results

Companies, Relevant News Item 26th April 2023

FCC results better than expected: €96.9m profit almost double estimated €51m

Bankinter : Better than expected 1Q23 results in Sales, EBITDA and PBT. The main figures in the quarter compared to the market consensus (Bloomberg): Revenues €2,026M vs. expected €1,889M; EBITDA €332M vs. expected €315M; and PBT €96.9M vs. expected €51M. By activities, the performance is generally good in all areas, but the positive evolution of Water (+16.6% year-on-year in Revenues) and Construction (+55.7% year-on-year) stand out. Net debt stands at…

Ibex, Markets 13th October 2017

Carlos Slim Is Finding It Difficult To Relaunch FCC

When Carlos Slim agreed to take a stake in FCC in 2014, which was at that time controlled by Esther Koplowtiz, and in a lot of difficulties – sales on the decline, losses, debt…- a lot of people breathed easy thinking the Mexican businessman was going to put the builder back on the straight and narrow. But he is finding it difficult to relaunch the company.

Markets, Spanish Small & Mid Caps 29th July 2016

FCC H1 net profit €54.8 M; Carlos Slim Largest Shareholder at end-June

FCC’s story this year has been marked by the mandatory takeover bid by Carlos Slim’s fund Inversora Carso. The bid was launched in March and completed on July 15. Grupo Carso now owns 61.11% of FCC and is the largest shareholder, while Esther Koplowitz is the second biggest with 20%. The company has just left the Ibex 35 blue chip index.