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| FCC reports revenue increase Spanish construction group FCC said its revenues in the first nine months of 2008 amounted to 10.857 billion euro, an increase of 6% on the same period of 2007. FCC's internationalisation strategy continues to prove successful; international revenues now account for 41.2% of the total, compared with 36% last year and 13% two years ago. Continental Europe accounted for 71% of international business, the UK for 14% and the USA for 6%. The backlog of works and services amounted to a record 36.248 billion euro at 30 September 2008, 11.1% more than at 30 September 2007. EBITDA was reduced by 5.1% to 1,433.9 million euro. EBIT amounted to 881.5 million euro (9.7% lower), while earnings before taxes (EBT) amounted to 545.7 million euro, compared with 1,025.9 million euro in the same period of 2007, which included 258.5 million euro in extraordinary gains on the Realia IPO. write your comments about the article :: © 2008 Construction News :: home page |