Key information: Net sales decreased by 8.7%. EBITDA up by 1.3%. EBITDA margin improved by 130bp to 13.0%. EBIT decreased by 22.1%, but adjusted EBIT increased by 12.1%. EBIT margin worsened by 70bp to 4.2%. Income from continuing operations increased by 12.9%. Net income at €54.8m in H1 16 versus €-11.9m in H1 15. Strong operating cash flow generation at €324.8m in H1 16 vs €-131.1m in H1 15. Net debt decreased by 19.5% to €4.4bn. Backlo
01 Aug 2016
Extraordinary items boosted the bottom line, FCC still overpriced
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Extraordinary items boosted the bottom line, FCC still overpriced
Fomento de Construcciones y Contratas, S.A. (FCC:FRA) | 0 0 0.9% | Mkt Cap: 3,516m
- Published:
01 Aug 2016 -
Author:
Felix Brunotte -
Pages:
5
Key information: Net sales decreased by 8.7%. EBITDA up by 1.3%. EBITDA margin improved by 130bp to 13.0%. EBIT decreased by 22.1%, but adjusted EBIT increased by 12.1%. EBIT margin worsened by 70bp to 4.2%. Income from continuing operations increased by 12.9%. Net income at €54.8m in H1 16 versus €-11.9m in H1 15. Strong operating cash flow generation at €324.8m in H1 16 vs €-131.1m in H1 15. Net debt decreased by 19.5% to €4.4bn. Backlo