Actividades de Construccion y Servicios SA (ES:ACS) has released an update.
Actividades de Construccion y Servicios SA reported a strong first half of 2024, with net profit rising by 8.6% year-over-year to €416 million, driven by solid sales growth in high-tech markets and improved profit before tax margins. The company also highlighted a robust operating performance with a €1.8 billion last twelve months net operating cash flow and significant new orders, indicating a backlog equivalent to approximately 26 months of work. Strategic corporate moves included acquisitions and the integration of construction businesses in North America, underscoring a period of aggressive expansion and financial health.
For further insights into ES:ACS stock, check out TipRanks’ Stock Analysis page.
