ACS, Actividades de Construcción y Servicios, S.A. (ACSAF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon, everyone, and thank you for joining us in the 2025 first half results call of ACS Group. This is Javier Crespo, Head of Investor Relations. As usual, the call will be led by our CEO, Juan Santamaria, who is joined here by our Corporate General Manager, Ángel García Tozano, our CFO, Emilio Grande, and the rest of the management team. After the presentation, we will hold the usual Q&A session and look forward to hearing your questions. Juan, the floor is yours. Thank you, Javier. Good afternoon, all, and thank you for being with us today. The group has performed strongly in the first half of the year with solid growth in sales, backlog, and net profit, backed by a strong cash flow generation. Moreover, we're making solid progress in executing our strategy, increasingly leveraging our global footprint and engineering expertise to drive sustainable growth. We're actively capturing high-potential equity investment opportunities across both traditional and next-generation markets, consistently creating long-term value for all our stakeholders. Let me give you another view of a few key highlights for the period. Ordinary net profit of €392 million shows an increase of 17% or 19.4% effects adjusted On a reported basis, net profits stood at 450 million. Sales and EBITDA were up by 28.6% and 23.9% respectively, driven by robust momentum across segments. Operating margins evolved positively across the board. Net operating cash flow, adjusted for factoring variations, reached 1.8 billion euros in the last 12 months. €265 million year-on-year and represents a CAGR of 45.8% for the past four years. As a result of this strong cash flow generation, the Group's net debt position as of the end of June was €2.2 billion. This is after allocating €1.1 billion to strategic...