FY20: resilient performance delivered
FCC showed a resilient performance with stable revenues (-1.9%) and net-profit (-1.7%). However, external factors like the sale of CO2 rights and the perimeter effect of the Cedinsa acquisition were significant contributors to this resilience. FCC has reduced its net debt significantly (-21%) and awaits the completion of its sale of the Spanish assets which will reduce net debt further by €691m.
Fomento de Construcciones y Contratas Fomento de Construcciones y Contratas, S.A.
02 Mar 21