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| FCC H1 EBITDA up 2% Spanish building and services group FCC said its revenues in the first half of 2008 amounted to 7,047.5 million euro, a 6.6% increase on the same period of 2007. FCC's internationalization strategy is an ongoing success, and international revenues now account for 39.5% of the total, 6 percentage points more than last year. Europe accounted for 86% of foreign business, the USA for 6%. Operations outside Spain performed well despite the exchange rate effect: sterling depreciated by 11.2% against the euro in the period, which particularly affected the Services division, and the US dollar depreciated by 13.1% against the euro, which had a negative impact on the Cement business. The backlog of works and services amounted to a record 35.823 billion euro at 30 June 2008, 6.9% more than at 30 June 2007. EBITDA increased by 1.9% to 963 million euro. write your comments about the article :: © 2008 Construction News :: home page |