FCC will grow "selectively" in new markets that are attractive and aligned with its strategy

The president of the group highlights to the shareholders that for FCC the year 2021 was a "demanding" and "extraordinary" year in terms of results

MADRID, 14 Jun. (EUROPA PRESS) -

The FCC group has set itself the goal of strengthening its presence in the key markets in which it is currently present and of growing "selectively" in new markets that are "attractive" and in line with its strategy.

This was stated by the CEO of FCC, Pablo Colio, during his speech at the general meeting of shareholders, held this Tuesday in Madrid.

"The FCC Group and each of its businesses focus their strategy on strengthening their competitive position in key markets in which they currently have a presence and selectively growing in those new markets that are attractive and that are aligned with the corporate culture and company's risks," Colio pointed out.

Likewise, he stated that "promoting sustainable development has been and will continue to be one of the Group's strategic vectors through the promotion of the construction and management of sustainable and resilient infrastructures; the promotion of the circular economy and the efficient use of water, and the group's contribution to climate change adaptation and mitigation".

The group's general meeting of shareholders has approved all the items on the agenda, including the annual accounts for the 2021 financial year.

For her part, the president of the company, Esther Alcocer Koplowitz, stressed in her speech to the shareholders that 2021 was a demanding year for FCC, and "extraordinary" in terms of results. "A year in which we have once again demonstrated the great capacity we have to turn every challenge into an opportunity," she remarked.

In addition, the president of the FCC Group highlighted how "the FCC Group, currently present in 25 countries, closed the 2021 financial year with profits of 580 million euros, a figure that doubles that achieved in the previous year".

Alcocer Koplowitz highlighted that FCC continues to be a world leader in environmental services, comprehensive management of the water cycle, construction and management of infrastructures, as well as in the production of associated materials. "All these business lines focused on sustainability, an element that stands out as a clearly differentiating competitive element", he pointed out.

The president of the company recounted the main milestones of FCC's activity in 2021, highlighting the works and services carried out in the water and environment sectors, which account for 74% of the group's gross operating profit.

Alcocer Koplowitz ended by thanking the engineer Carlos Slim for his leadership and all the FCC staff for the extraordinary effort made, both the management team and all the technical teams, which has made it possible to meet the great challenges posed.

Colio has presented to the shareholders the breakdown of the financial results and has informed of the most outstanding events. In his presentation, he pointed out that "one of the keys to our success is the strong shareholder support that the FCC Group has, whose benchmark is the Carso Group.

"The different measures carried out at an operational, structural and financial level, driven by the strengthening of FCC's shareholding since 2015, have provided us with undoubted resilience. This is demonstrated by the greater profitability and the profit obtained in 2021", he remarked .

The FCC Group closed the 2021 financial year with a net attributable profit of 580.1 million euros, more than double that recorded in the previous year.

For its part, the Group improved its gross operating profit (Ebitda) by 7.6%, reaching 1,126.6 million euros in 2021. It is worth noting the good performance of the net operating profit (Ebit), which has registered a figure of 802.2 million euros, 40.1% more than the previous year.

This increase reflects the positive evolution of Ebitda, as well as the accounting impact of the global consolidation of Realia and the adjustment made to the value of property, plant and equipment and goodwill in the Cement area.

Likewise, the consolidated income of the Group stood at 6,659.3 million euros, 8.1% higher than in 2020, due to the positive evolution recorded in the year by a large part of the business activities, especially the area Environment, which increased by 12.4%.*

As for the business portfolio, at the end of last year it stood at 30,196.9 million euros, an increase of 2.7% compared to 2020. In this section, the contribution of the Environment area stands out, with a 17% increase.

Shareholders' equity registered a notable strengthening with 4,440.7 million euros, 52.7% higher than that registered at the end of 2020, explained by the significant increase achieved by the net result and the effect of the global consolidation of Realia and Jezzine .

The net financial debt as of December 31 last reached 3,225.7 million euros, which represents an increase of 427.9 million compared to 2020.

This increase is a consequence of the global consolidation of the debt of Realia and Jezzine in the Real Estate area with an added amount of 889.7 million euros at the end of the year.