ACS posted solid figures over 9m18, driven by a strong performance from the construction division. Management expects to reach EBITDA of €2.4bn for FY18 and net profit of over €900m. Following the earnings release, we shall be reworking our model but expect to maintain our buy recommendation.
15 Nov 2018
9m 18: solid backlog growth bodes well for FY2019
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9m 18: solid backlog growth bodes well for FY2019
ACS Actividades de Construccion y Servicios SA (ACS:WBO) | 0 0 1.2% | Mkt Cap: 9,103m
- Published:
15 Nov 2018 -
Author:
Felix Brunotte -
Pages:
3
ACS posted solid figures over 9m18, driven by a strong performance from the construction division. Management expects to reach EBITDA of €2.4bn for FY18 and net profit of over €900m. Following the earnings release, we shall be reworking our model but expect to maintain our buy recommendation.