Key information Net sales decreased by 8.6%. EBITDA increased by 3.4%. • EBITDA margin increased by 1.6pp to 14.0%. EBIT was negative due to the impairment of goodwill in the cement business for €299.9m. Net debt decreased by 23.7% to €4.2bn compared to the end of 2015 thanks to a capital increase in Q2. Net financial expense decrease by 22.4%.
27 Oct 2016
Misleading growth in EBITDA, adjusted FCFE still negative
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Misleading growth in EBITDA, adjusted FCFE still negative
Fomento de Construcciones y Contratas, S.A. (FCC:FRA) | 0 0 0.9% | Mkt Cap: 3,516m
- Published:
27 Oct 2016 -
Author:
Felix Brunotte -
Pages:
3
Key information Net sales decreased by 8.6%. EBITDA increased by 3.4%. • EBITDA margin increased by 1.6pp to 14.0%. EBIT was negative due to the impairment of goodwill in the cement business for €299.9m. Net debt decreased by 23.7% to €4.2bn compared to the end of 2015 thanks to a capital increase in Q2. Net financial expense decrease by 22.4%.