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| Grupo ACS net profit in 1Q 2012 totals 207 mln euros Net sales of ACS, a giant construction company based in Spain, in the first quarter of 2012 totaled 9,035 million Euros, 144.8% more than last year. Growth in comparable terms, also considering the sales of Hochtief in the first quarter of 2011, accounted for a 4.9% growth. International sales now account for 78.6% of total after multiplying by five to reach 7, 100 million Euros. In comparable terms the growth has been a 13.5%, while activity in Spain has decreased by 17.8%. Sales by geographic area are evenly distributed between Europe, America and Asia Pacific and demonstrate the diversification of the Group. The total backlog in March 2012 amounted to 67, 919 million Euros, a growth of 145.5%. It is significant the growth in international backlog, which already accounts for 82.0% of the total, led by the consolidation of Hochtief in the Group and the expansion of international activities of Dragados and Industrial Services. The EBITDA grew by 73.4% to 664 million Euros, with a margin of 7.4%. The EBIT grew by 2.4% to 317 million Euros, with a margin of 3.5%. Net profit increased by 1.3% to 207 million Euros and includes the gain on the partial sale of Clece and other extraordinary items. Grupo ACS net debt as of March 31st, 2012, excluding debt of Hochtief AG, has been reduced by 1.9% compared with the first quarter of 2011, to 8, 632 million Euros. write your comments about the article :: © 2012 Construction News :: home page |