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| ACS Net Profit accounts for 168 Euro million in 1q 2013 Spain's largest construction company ACS said sales in the first quarter of 2013 accounted for 8,817 Euro million, representing a reduction of a 2.4% after a decrease in the demand in Spain. Activity abroad represents 83.1% of sales, growing by 3.2% compared to March 2012. Sales by geographical area demonstrate the diversification of the income sources of the Group, where Asia Pacific weights 39% of sales, America a 33% and Europe a 27%. Spain represents a 17% of the total sales of ACS. Total backlog by the end of March 2013 accounted for 65, 737 Euro million, showing a year to year decrease of a 3.2% after the sale of Thiess Waste Management in the third quarter of 2012. International backlog now represents 84.1 % of the total. Operating results grew significantly. EBITDA accounted a 12% increase up to 744 Euro million, with a margin on sales of a 8.4%, thanks to the improvements in HOCHTIEF, and the positive evolution of the Industrial Services and Environment activities. In the same direction, EBIT grew up to 416 Euro million, a 31.4% more than in March 2012. Margin on sales stood at 4.7%. Ordinary net profit, excluding the extraordinary results of the Group, accounted for 193 Euro million, 39.8% ahead of the figure recorded last year, backed by a positive contribution of Industrial Services and the better financial results from the Corporation, as well as after including Iberdrola dividends the first quarter of the year. Attributable net profit of the Group, that accounted for 168 Euro million, decreases by 18.8% compared to the figure accounted in March 2012, after a reduction this year of the extraordinary results that in 2012 included, amongst others, the capital gains from the sale of Clece, and that in 2013 account for, amongst others, the value adjustments of Iberdrola. write your comments about the article :: © 2013 Construction News :: home page |