PRESS RELEASE: The FCC Group's construction area increases revenue by more than 18% in 2022

(Information sent by the signatory company).

PRESS RELEASE: The FCC Group's construction area increases revenue by more than 18% in 2022

(Information sent by the signatory company)

Madrid, February 27, 2023.

At the end of the year, the gross operating result increased by 19.7% to reach 122.8 million euros. For its part, the registered net operating result was 89.4 million euros compared to 71.1 million euros the previous year, reflecting the positive evolution of the construction area; and the income portfolio increased significantly by 65.4% to 6,586 million euros

Revenues from the Construction area have increased by 18.5% to 1,966.9 million euros in 2022. By geographical area, in Spain the turnover decreased by 1.7%, to 870.1 million euros . In Europe and other markets, turnover grew by 19.7% compared to the previous year and reached 501.7 million euros, mainly due to the development of the A-9 motorway in the Netherlands and the A-465 in Wales (United Kingdom). , which offset the lower contribution of other works, such as the Haren prison in Belgium, already completed. In America, turnover grew significantly to 434.2 million euros, 107.1% more than the previous year , largely supported by the greater contribution of the Mayan Train project in Mexico, together with the sustained progress of works such as the Toyo Tunnel in Colombia, the Lima Metro in Peru and the start of the RER-3 in Toronto (Canada) .The projects in the Middle East have allowed an expansion of the company's income of 7.6%, up to 156.7 million euros. The work of the Riyadh Metro stands out, which has extended its completion until April 2024, derived from an additional contract for FCC Construcción of more than 200 million euros, to which will be added with greater activity in the future, the recent and relevant award of a railway tunnel in the Neom region, in the northwest of the country. The Construction area contributed almost 10% of the FCC Group's EBITDA at the end of the year, increasing the gross operating result by 19.7% to reach 122.8 million euros compared to 102.6 million euros the previous year. This increase is based on the evolution of income together with upward regularizations in the margin of the degree of progress in certain international projects. In this way, the gross operating margin in the financial year 2022 has reached 6.2%. For its part, the registered net operating result was 89.4 million euros compared to 71.1 million euros the previous year, reflecting the positive evolution of the construction area. Regarding the income portfolio, it increased significantly at the end of December to 6,586 million euros, a notable increase of 65.4%. The order book has increased in general, but more markedly in the International area, mainly due to the new contracts signed such as the Neom Tunnel in Saudi Arabia, the Sotra bridge in Norway, the new railway contracts in Romania and the phase of the RER-3 project in Canada, in addition to the range increases of the Riyadh Metro and the Mayan Train in Mexico.

Contact Contact name: FCC Construcción Contact description: FCC Construcción Contact telephone number: 91 357 32 85

NEXT NEWS