ACS announced its good FY19 results supported by an advantageous exposure to the Americas and huge dividend payment from Abertis. The Industrial services segment was the main growth contributor and will continue to be for 2020 as well. Yet again ACS managed to keep non-existent net debt. Although we will make downward revisions to our estimates, we will continue to have a Buy recommendation on the stock.
20 Feb 2020
FY19: strategic geographical presence at play
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FY19: strategic geographical presence at play
ACS Actividades de Construccion y Servicios SA (ACS:WBO) | 0 0 1.2% | Mkt Cap: 9,103m
- Published:
20 Feb 2020 -
Author:
Sejal Varshney -
Pages:
3
ACS announced its good FY19 results supported by an advantageous exposure to the Americas and huge dividend payment from Abertis. The Industrial services segment was the main growth contributor and will continue to be for 2020 as well. Yet again ACS managed to keep non-existent net debt. Although we will make downward revisions to our estimates, we will continue to have a Buy recommendation on the stock.