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Last $2.69 USD
Change Today 0.00 / 0.00%
Volume 0.0
FMOCY On Other Exchanges
As of 8:10 PM 07/21/15 All times are local (Market data is delayed by at least 15 minutes).

fomento de const-unspon adr (FMOCY) Key Developments

Fomento de Construcciones y Contratas, S.A. Reports Earnings Results for the First Half of 2015

Fomento de Construcciones y Contratas, S.A. reported earnings results for the first half of 2015. For the period, turnover has grown 6.5%, reaching EUR 3.16 billion, promoted by a strong international growth, especially in Water Management and Environmental Services. EBITDA though came down by 3.1%, down to EUR 370 million, due to nonrecurring factors in Construction and Cement. Excluding these 2 areas, the remaining EBITDA has improved by 7.7%. The net attributable results shows a negative balance of EUR 12 million due to the impairment of the accounting value of Cemusa, which will be sold before year end. So if company exclude the results of interrupted activities, annual attributable profit goes up to EUR 59 million. Lastly, net financial debt has increased by 15.8% as a result of the seasonal increase in operating capital and the negative impact of exchange rate, together with a long-term transfer of financial assets in Construction. Net financial debt increased by EUR 794 million compared to the end of 2014 due to the seasonal increase of circulating capital, EUR 406 million.

Fomento de Construcciones y Contratas, S.A. to Report First Half, 2015 Results on Jul 31, 2015

Fomento de Construcciones y Contratas, S.A. announced that they will report first half, 2015 results on Jul 31, 2015

Michael Carracela Files Lawsuit against Shimmick Construction Co., FCC Construction, Parsons Brinckheroffer, Genie Industries Inc. and Southern California Edison

A former amateur boxer sued contractors involved with the Gerald Desmond Bridge replacement project on which he worked, saying he suffered severe injuries when he came in contact with an arc from a high-voltage overhead power line. Michael Carracela, who says he was once a sparring partner for boxer Floyd Mayweather, filed the negligence lawsuit in Los Angeles Superior Court, seeking unspecified damages. The defendants include Shimmick Construction Co., FCC Construction and Parsons Brinckheroffer, as well as Genie Industries Inc. and Southern California Edison. A Shimmick representative could not be immediately reached. According to the lawsuit, in July 2013 Carracela was assigned to work on demolition and cleanup work at the project site and was tasked with clearing concrete pieces from a roadway that was scheduled to be re-opened for weekend traffic. While in a Genie boom lift that was 30 feet off the ground, Carracela was hit by the electrical arc while the lift was being maneuvered by the device's operator, according to his lawsuit.

Fomento de Construcciones y Contratas, S.A., H1 2015 Earnings Call, Jul 31, 2015

Fomento de Construcciones y Contratas, S.A., H1 2015 Earnings Call, Jul 31, 2015

Fomento de Construcciones y Contratas, S.A. Proposes Amendments to By-Laws

Fomento de Construcciones y Contratas, S.A. announced that at the ordinary general meeting of shareholder to be held on June 25, 2015, the company will propose amendment of the By-laws for the purpose of, as the case may be, adapting them to the Spanish Corporation Law reform introduced by the Law 31/2014, of 3 December and making technical improvements.


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Price/Book 6.7x
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