ACS Actividades de Construcción y Servicios Full Year 2023 Earnings: EPS Beats Expectations

ACS Actividades de Construcción y Servicios (BME:ACS) Full Year 2023 Results

Key Financial Results

• Revenue: €35.7b (up 6.3% from FY 2022).
• Net income: €780.1m (up 29% from FY 2022).
• Profit margin: 2.2% (up from 1.8% in FY 2022). The increase in margin was driven by higher revenue.
• EPS: €3.00 (up from €2.26 in FY 2022).

All figures shown in the chart above are for the trailing 12 month (TTM) period

ACS Actividades de Construcción y Servicios EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 18%.

Looking ahead, revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Construction industry in Spain.

Performance of the Spanish Construction industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for ACS Actividades de Construcción y Servicios you should know about.

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