Fomento de Construcciones y Contratas (BME:FCC) First Half 2024 Results
Key Financial Results
- Revenue: €4.24b (down 2.9% from 1H 2023).
- Net income: €186.4m (down 27% from 1H 2023).
- Profit margin: 4.4% (down from 5.9% in 1H 2023). The decrease in margin was driven by lower revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Fomento de Construcciones y Contratas Earnings Insights
Looking ahead, revenue is forecast to grow 2.5% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Construction industry in Spain.
Performance of the Spanish Construction industry.
The company's shares are down 5.9% from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Fomento de Construcciones y Contratas (at least 1 which can't be ignored), and understanding them should be part of your investment process.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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About BME:FCC
Fomento de Construcciones y Contratas
Engages in the environmental services, water management, infrastructure development, and real estate businesses in Europe and internationally.
Very undervalued with solid track record.
