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| ACS reports results for first half of 2013 Spanish construction group ACS said sales in the first semester of 2013 accounted for 19,121 Euro million, representing a growth of a 1.5% thanks to the growth of the international activity of the Group, that now represents 84.6% on sales. Sales by geographical areas demonstrate the diversification of the income sources of the Group, where Asia Pacific weights 39% of sales, America a 34% and Europe a 26%. Spain represents a 15% of the total sales of ACS. Total backlog by the end of June 2013 accounted for 69,786 Euro million, showing a comparable year to year decrease of a 4.5% after eliminating the effects from the exchange rates variations, in this case after the depreciation of the Australian Dollar, the predominant currency in the backlog, and the perimeter changes, mainly after the sale of Thiess Waste Management in the third quarter of 2012. This reduction is caused by the singularity of the last year's awards, full of large contracts in mining and waste treatment services, whose duration is longer. Grupo ACS EBITDA accounted a 2.1% decrease down to 1,545 Euro million, with a margin on sales of a 8.1%, after the sale of several assets in 2012. On the contrary, EBIT grew up to 850 Euro million, a 2.3% more than in June 2012. Margin on sales stood at 4.4% . Attributable net profit of the Group, that accounted for 357 Euro million, cannot be compared to the figure accounted in June 2012, as last year's figure was heavily affected by the restructuring of the investment in Iberdrola carried out the second quarter of 2012. Recurrent net profit, excluding the extraordinary results and the contribution of Abertis and Iberdrola, accounted for 310 Euro million, 7.5% lower than the figure recorded last year, affected by the drop in the activity in Spain and a higher tax impact. write your comments about the article :: © 2013 Construction News :: home page |