ACS delivered robust third-quarter results, experiencing growth across all the business segments. The strong EBITDA performance was propelled by the concession business and the Construction margin is now stabilizing following a shift in the risk profile. The company’s outlook appears positive, supported by a robust order book and a noteworthy 27% increase in order intake amidst an inflationary environment. ACS’s resilient performance makes it a good bet for those looking for a defensive name.
14 Nov 2023
Q3 23: Concessions at the heart of the strategy
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 23: Concessions at the heart of the strategy
ACS Actividades de Constrccn y Srvcos (ACS:BME), 0 | ACS Actividades de Construccion y Servicios SA (ACS:MCE), 0
- Published:
14 Nov 2023 -
Author:
Loco Douza -
Pages:
3
ACS delivered robust third-quarter results, experiencing growth across all the business segments. The strong EBITDA performance was propelled by the concession business and the Construction margin is now stabilizing following a shift in the risk profile. The company’s outlook appears positive, supported by a robust order book and a noteworthy 27% increase in order intake amidst an inflationary environment. ACS’s resilient performance makes it a good bet for those looking for a defensive name.