Sales up at ACS

30 August 2013

Spanish contractor ACS reported first half sales of €19.1 billion, up 1.5% compared to last year thanks to growth in its international activity.

The company – which owns contractor Hochtief – said international business represented 84.6% of its sales, with 39% generated in Asia Pacific, 34% in the Americas, 26% in Europe (of which 15% was generated in Spain).

Net profit totalled €357 million for the first six months of the year – a figure which ACS said could not be compared with the net loss of €1.2 billion it reported for the same period in 2012. Last year’s figure was hit by large writedowns on the contractor’s investment in energy company Iberdrola.

Sales in construction amounted to €14.6 billion, up 1.8% year-on-year. International sales accounted for €13.8 billion, representing 95% of the total. However, net profit from the construction unit dropped 13% year-on-year to €120 million, a decrease that ACS said was down to falling activity in Spain.

The company’s construction backlog stood at €53.7 billion at the end of June, down 14% compared to the same point in 2012. ACS said this was due to its sale of Thiess Waste Management last year. International business represented 94% of the total.

Latest News
10 management software systems for your rental company
Rental management software has evolved to meet the needs of every size and type of equipment rental company
Report reveals sustainability surge: 73% of contractors already implementing practices
Survey of approximately 13,000 construction professionals reveals what sectors are embracing sustainability
McGovern adds Liebherr MK 140-5.1 crane
UK crane rental specialist takes delivery of a new mobile folding construction crane from Liebherr GB