July 27, 2016 3:09 AM ET

Construction and Engineering

Company Overview of FCC Construcción, S.A.

Company Overview

FCC Construcción, S.A. provides civil engineering, building, refurbishing, industrial construction, and concession management services in Spain and internationally. The company undertakes civil engineering works that include highways, motorways and roads, bridges, tunnels, railway works, airport works, marine works, hydraulic works, water treatment and purification projects, and gas and oil pipelines; building and refurbishment projects, such as housing and urban, development, non-residential building, and refurbishment; and concessions that include roads and highways, tunnels, urban railways and trams, marinas, port terminals, airports, and public use buildings. It also undertakes industria...

Av. del Camino de Santiago, 40

Madrid,  28050

Spain

Founded in 1983

Phone:

34 91 359 54 00

Fax:

34 91 514 10 12

Key Executives for FCC Construcción, S.A.

Chief Executive Officer and Vice-Chairman
Age: 58
Head of Administration & Finance and Director
Head of Concessions
Head of Control Unit
Secretary and Director
Compensation as of Fiscal Year 2016.

FCC Construcción, S.A. Key Developments

FCC Construcción Reports Earnings Results for the First Quarter of 2016

FCC Construcción reported earnings results for the first quarter of 2016. For the quarter the company reported net loss of €16.7 million, due to the negative impact of discontinued operations (-€7.3 million from completing the sale of Globalvía), extraordinary provisions in the Construction area (€9.1 million) and translation losses (€10.9 million). Adjusting for these extraordinary effects, net profit in the period would have been positive in the amount of €10.6 million despite sharp contraction in the construction industry. EBITDA amounted to €153.6 million, 9.3% less than the previous year due mainly to the extraordinary provisions booked in the Construction area and to the completion of projects. Net financial debt was reduced by €771.7 million with respect to the end of 2015 due to the capital increase performed in March and also to containment of costs and capex, the sale of Globalvía (the stake in which was derecognised as an asset available for sale), and measures to protect and enhance cash flow.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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