Key information: • Net revenue fell 8.1% to €5.95bn. • EBITDA rose 2.3% to €833.7m. • EBITDA margin rose from 12.6% in 2015 to 14.0% in 2016. • EBIT dropped 71% to €93.6m. • FCC 2016 net loss rose to €165.2m from a €46.3m loss a year earlier. • Loss compares with €146.2m average loss predicted in a survey of six analysts. • FY profit was hit by a goodwill adjustment in cement of €299.9m in Q3. • FCC reduced its net deb
06 Feb 2017
FCC: adjusted FCFE still negative but expected to improve in 2017
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FCC: adjusted FCFE still negative but expected to improve in 2017
Fomento de Construcciones y Contratas, S.A. (FCC:FRA) | 0 0 0.9% | Mkt Cap: 3,516m
- Published:
06 Feb 2017 -
Author:
Felix Brunotte -
Pages:
3
Key information: • Net revenue fell 8.1% to €5.95bn. • EBITDA rose 2.3% to €833.7m. • EBITDA margin rose from 12.6% in 2015 to 14.0% in 2016. • EBIT dropped 71% to €93.6m. • FCC 2016 net loss rose to €165.2m from a €46.3m loss a year earlier. • Loss compares with €146.2m average loss predicted in a survey of six analysts. • FY profit was hit by a goodwill adjustment in cement of €299.9m in Q3. • FCC reduced its net deb