ACS Actividades de Construcción y Servicios S A : Group achieved a net profit of 191 million euros in the first quarter of 2025, up 17% on a comparable basis

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Sales reached €11.7 billion, up 35.4% on 2024 EBITDA increased by 51.7%, to €699 million Backlog exceeded €90.5 billion and reached record highs after growing by 16.5% in 12 months Net debt stood at €2.85 billion and includes Thiess´ net debt (€1.2 billion), following its full consolidation in April 2024 ACS Group obtained attributable net profit of €191 million in Q1 2025, an increase of 8.0% compared to the same period last year, supported by the good operating performance of all activities, especially those of Turner. Earnings per share (EPS) grew by 9.4%, to €0.75. The Group´s ordinary net profit, excluding extraordinary results in the first quarter of the previous year, increased by 17.2% to over €191 million. The Group´s EBITDA reached €699 million, up 51.7% compared to the same period in 2024. Noteworthy was the strong growth of Turner, with improved operating margins, and the contribution of CIMIC following the acquisition of an additional stake in Thiess. Ebit stood at €470 million, up 43.9% on the previous year. International Diversification ACS Group sales in Q1 2025 reached €11.79 billion, up 35.4% in year-on-year terms thanks to the solid performance of all activities. At the end of March 2025, the backlog stood at €90.81 billion, which represents a growth of 16.5% with respect to the first quarter of the previous year. This growth was due to the increase in the volume of contracts awarded during the year, which exceeded €15 billion, especially driven by the new-generation infrastructure markets. Results per Areas of Activity Integrated Solutions Turner Turner showed strong sales growth (+45%), driven by the organic growth (+34%) in the data center, healthcare, sports and education sectors, and by the first contribution from Dornan Engineering, the Irish electromechanical engineering firm acquired by the Group in 2024. Pre-tax profit increased by 62.3% over the same period last year to over €175 million, with a continued improvement in the margin to 3% thanks to specialization in advanced technology projects. In addition, contract awards grew by 10%, pushing the project backlog to more than 33 billion euros, the company´s record. CIMIC CIMIC´s pre-tax profit grew by 52.2% compared to Q1 2024, reaching €119 million. The project backlog exceeded €23 billion thanks to growth in all segments, especially in data centers, defense and sustainable mo...

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