Madrid (awp/afp) – The Spanish construction group ACS saw its profit multiply by five in 2021, thanks to the improvement in traffic on its motorways and the sale of its energy branch to its French competitor Vinci.
The net result of the group led by Florentino Perez, also president of Real Madrid, amounted to three billion euros, against 574 million in 2020, the company said in a press release on Thursday.
This result includes nearly 2.3 billion “extraordinary impacts” linked in particular to the capital gain resulting from the sale of the services and energy branch of ACS to the Vinci group, finalized at the end of 2021, specifies the group.
The group’s result without this contribution reached 720 million euros, an increase of 33% compared to 2020. Its turnover reached 27.8 billion euros, up 0.5% on a year.
ACS, a very diversified and strongly internationally oriented group, claims to have benefited last year from the “good behavior” of “all of its activities”.
The recovery was particularly marked on the motorways managed by Albertis, where traffic increased by 21% over one year, returning to levels “equal to or higher” than those before the pandemic.
Abertis, co-owned by ACS and the Italian group Atlantia, and which owns the French motorways Sanef, made 117 million euros in profit, after a loss of 35 million in 2020.
The Construction branch, ACS’s core business, earned 273 million in profit, up 3.8% over one year, thanks to good results in the North American market.
The group led by Florentino Pérez, one of Spain’s richest and most influential men, made 59% of its turnover in North America, compared to 19% in Australia, 18% in Europe and 3 % in Asia.
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