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| Grupo ACS reaches up to September 2010 Turnover for Spanish construction giant ACS Group in the third quarter of 2010 reached 12,203 million Euros, up 1.1% on the previous year. International sales represented 30.1% of the total figure, which means an increase of 31.4%. EBITDA (Gross Operating Income) grew by 8.1% to 1,191 million Euros, with a sales margin of 9.8% which rose by 70 basis points. Net income came in at 1, 132 million Euros, 36.5% below the figure for the first nine months of 2009 as that period included the extraordinary income from the sale of 35.3% of Unión Fenosa, 1 billion Euros, whilst in 2010 it includes the capital gains of 384 million Euros after the sale of a 15.55% of Abertis. The quoted companies in which Grupo ACS has a stake, namely Abertis, Hochtief and Iberdrola, contributed 76 million Euros towards net income. Ordinary net income from continuing operations, that is to say excluding contributions from discontinued activities, was 735 million Euros, 8.1% up on the previous year. Ordinary earnings per share rose by 12.4%. The total order book for construction work by the end of the third quarter of 2010 stood at 29, 185 million Euros, a 0.5% more than last's years figure and includes a 28.6% growth for the international order book, now accounting for 41.4% of the total backlog of the Group. write your comments about the article :: © 2010 Construction News :: home page |