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17:35h / Share price ACS:
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ACS
Actividades de Construcción y Servicios

Abertis Abertis is the most important infrastructures company in Europe in terms of market capitalization and number of projects. Its main mission is the management of assets such as motorways, airports, car parkings, telecommunications infrastructures and logistics services.

Abertis

During 2007, Abertis showed solid growth combined with strong cash generation, with growth in double digits. Income increased by 8.6% with respect to the 2006 financial year, reaching €3,620 million due to its strong activity in the different sectors, with motorways, telecommunications infrastructure and airports standing out therein, having grown by 8.4%, 7.3% and 6.4% respectively. The profit attributable to the company at 31 December was €682 million, which represents growth of 28.7%

Abertis’s internationalisation, diversification and selective growth strategy of the last few years continued in 2007 through its investments, which reached €2,141 million in the year. Significant efforts were made in the telecommunications area where Abertis invested €1,144 million.

Likewise, in the initial months of 2008, Abertis has carried out two significant operations with the acquisition of the ACS Group's stakes in:

  • Its airport concessions in Mexico, Jamaica, Chile and Colombia and
  • The two motorway concessionaires in Chile: Rutas del Pacifico and Autopista Central.

 

The ACS Group’s objective through its presence in Abertis, with 25.8% of its capital, is to participate in the operation and management of infrastructures across the whole value chain of the concessions business. To do this it promotes, supports and contributes to Abertis’s strategy, the pillars of which are:

Rigorous investment criteria, demanding on expected financial returns, prospects for becoming an industrial partner with influence and commitment in day to day management.

  • On occasions, minority stakes are necessary milestones to facilitate majority stakes in the future.
  • Optimisation of financial strength to continue growing at reasonable prices in the context of a more selective market with fewer competitors.
  • Commitment to maintaining a solid capital structure, with a low risk profile and high cash generation visibility.
  • A dividend policy which reflects the commitment to offer returns to shareholders. 

More at: www.abertis.com