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.
02 Mar 2021
FY20: resilient performance delivered
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FY20: resilient performance delivered
Fomento de Construcciones y Contratas (FCC:BME), 0 | Fomento de Construcciones y Contratas, S.A. (FCC:MCE), 0
- Published:
02 Mar 2021 -
Author:
Sejal Varshney -
Pages:
3
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.