Fomento de Construcciones y Contratas Reports First Half 2024 Earnings

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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