MADRID, 1 Mar. (EUROPA PRESS) -

ACS shares fell more than 6% on the stock market this Friday after 10:00 a.m., after publishing its 2023 results at market close yesterday, which show a 17% increase in net profit, up to 780 million euros.

Despite this improvement, its price began to be affected as soon as the market opened, to the point of being the value that fell the most on the Ibex 35, as each of its shares was exchanged at a price of 35.71 euros, in the minimum so far this year.

In addition to boosting profits due to its greater participation in the German construction company Hochtief and the improvement in traffic at Abertis, the company chaired by Florentino Pérez also improved its income by 6.3%, to 35,738 million euros, and 9.3%. 2% its gross operating result (Ebitda), which was 1,909 million euros.

Likewise, the portfolio of works in the construction segment grew by 6.9%, up to 70,625 million euros, and the services portfolio reached 3,000 million euros, equivalent to 18 months of activity, after normalizing this activity after the impact of the pandemic.

The negative figure came from liabilities, as its net debt increased by 18.6%, to 25,875 million, although due to a greater extent to the new investments made and the increase in corporate operations.

The analysts consulted agree that these results should not cause any surprise, since the company's operating performance was known since the presentation last week of Hochtief's results, which also included those of Abertis.