Fomento de Construcciones y Contratas SA (OTCPK:FMOCF)
$ 10.60647 0.71 (4.95%) Market Cap: 4.47 Bil Enterprise Value: 7.42 Bil PE Ratio: 6.77 PB Ratio: 0.89 GF Score: 81/100
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Q3 2019 Fomento de Construcciones y Contratas SA Earnings Call Transcript

Oct 30, 2019 / 08:00AM GMT
Release Date Price: $8.84
Miguel Coronel Granado
Fomento de Construcciones y Contratas, S.A. - Director of Management Control & Capital Markets

Good morning, everybody. My name is Miguel Coronel, Managing Director for Equity and Management Control in FCC. I thank you for attending this conference on the results of this year, which we have submitted to the Stock Exchange Commission.

As you have checked in the first place, I'd like to underscore the increase in the net attributable income, EUR 233 million. It's increased 32.4%. It's a great increase in comparison to last year, EUR 176 million.

I will explain the different business areas, but it's also highlighting the reduction of the financial expenses, which more than has offset the increase in minority interest, which is a result that is mainly found in Water. As I said and according to the consolidated results, the business turnover grew to EUR 5,577.9 million (sic) [EUR 4,577.9 million], which is an increase of 5.2%. Here, we have to underscore Water activities, Cement and Construction. In Water, there was a greater contribution of the international

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