Beat all expectations and earn 11% more after improving in all areas
The sales of ACS Group In the first nine months of 2019 they have beaten all expectations. Although a profit close to 750 million euros was expected, the construction of Florentino Pérez has managed to win 769 million euros, 11.2% more than the same period last year.
ACS It has reached a sales figure of 28,800 million euros, representing an increase of 6.3% as a result of its presence in the North American, Australian and Spanish markets, which are the most important of the group. It should be remembered, in this sense that sales in North America represent 48% of the total, Europe 20%, Australia 19%, Asia 6%, South America 6% and Africa the remaining 1%. Sales in Spain account for 15% of the total.
The group's portfolio at the end of September 2019 stands at 77,584 million, up 10.3%. It highlights the evolution of the North American market, both in United States as in Canada, with a growth rate of over 15%.
ACS grows 15% in the United States and Canada
The increase in profit has also occurred in all segments of the construction company: infrastructure (+ 5.6%), industrial services (+ 4%) and services (+ 17.9%).
In this regard, it should be noted that the benefit of infrastructure area It has grown 5.6% after the incorporation of Abertis last June 2018, whose contribution in 2019 reaches 193 million euros, compared to 123 million in the previous period.
For its part, it should be stressed that the construction activity includes Dragons, whose profit reached 91 million euros, while the German subsidiary, Hochtief, its contribution to the group decreased, but it was due to the change of participation, from 71.8% to 50.4%, after the sale to Atlantia of a significant package in the fourth quarter of 2018, related to the Abertis acquisition operation . Without this effect, the benefit of the construction segment increases 6.2%.