FCC reported earnings results for the year 2019. The company made a net profit of EUR 266 million in 2019, 6% more than the previous year, driven by growth in all its businesses, especially water, the overall consolidation of the Cedinsa concessionaire and the reduction of financial expenses. The FCC raised its revenue spending the past year by 4.8% to EUR 6.276 million. Almost half of this amount (44.8%) came from international activity. Gross operating profit (ebitda), on its side, soared by 19.1%, to EUR 1.025 million, driven by margin progression, which stood at 16.3%, compared to 14.4% the previous year.
Fomento de Construcciones y Contratas SA (FCC) is a Spain-based company primarily engaged in the provision of environmental services. The Company's activities are divided into four business areas: Environmental services, Construction, Water management and Cement. The Environmental services division focuses on street cleaning, maintenance of urban parks and gardens, industrial waste management, waste treatment and recycling, among others. The Construction division offers engineering and construction of civil works, such as roads, railways, airports and hydraulic projects, as well as residential and non-residential buildings. The Water management division operates an integrated water management cycle, which includes intake, purification, treatment and distribution of the waste water. The Cement division manufactures cement, concrete, aggregate and mortar. The Company operates through numerous subsidiaries in Europe, the Americas, Africa and the Middle East region.