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MarketScreener Homepage  >  Equities  >  Bolsas y Mercados Espanoles  >  ACS, Actividades de Construccion y Servicios, S.A.    ACS   ES0167050915

ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A.

(ACS)
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ACS Actividades de Construccion y Servicios S A : joint venture says wins £1.77 billion bid to build terminal at San Diego airport

09/22/2020 | 06:40am EST

Spanish construction giant ACS will build the new terminal of San Diego's international airport after a joint venture owned by ACS subsidiary Hochtief and composed of firms Turner and Flatiron said it had won the 1.93 billion euro (1.77 billion pounds) contract.

Construction work at the California airport will begin in late 2021, pending necessary environmental permits, with the first phase expected to deliver 19 new gates at the start of 2025, Turner and Flatiron said in a joint statement late on Monday.

The second and final phase of expansion works will conclude in early 2027, adding 11 more gates and bringing the airport's total to 62.

The coronavirus pandemic has choked travel worldwide, forcing most airlines and airport operators to pause growth plans, and pushing some to downsize as passenger traffic languishes at less than half pre-pandemic levels.

Flatiron and Turner are both subsidiaries of engineering and infrastructure group Hochtief, itself majority-owned by Spain's ACS, a global constructor and airport operator.

(Reporting by Clara-Laeila Laudette; editing by Ingrid Melander)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS, S.A. 1.74% 26.84 Delayed Quote.-26.00%
HOCHTIEF 0.76% 79.45 Delayed Quote.-30.65%
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Financials
Sales 2020 37 062 M 44 822 M 44 822 M
Net income 2020 543 M 657 M 657 M
Net Debt 2020 1 292 M 1 562 M 1 562 M
P/E ratio 2020 15,1x
Yield 2020 6,16%
Capitalization 7 772 M 9 389 M 9 399 M
EV / Sales 2020 0,24x
EV / Sales 2021 0,23x
Nbr of Employees -
Free-Float 74,0%
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TrendsBullishBullishNeutral
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Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 30,19 €
Last Close Price 26,38 €
Spread / Highest target 51,6%
Spread / Average Target 14,5%
Spread / Lowest Target -60,5%
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Managers
NameTitle
Florentino Pérez Rodríguez Executive Chairman & Co-Chief Executive Officer
Marcelino Fernández Verdes Co-Chief Executive Officer & Executive Director
Cristina A. E. González de Durana Director-Finance & Corporate Development
Antonio García Ferrer Vice Chairman
Joan-David Grimà i Terré Independent Non-Executive Director
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