Somos FCC - Nº5

The FCCGroup returns to profit in 2017 FCC ended 2017 with €118 million in net profit, a sharp contrast with the €161.6 million loss reported in 2016. Consolidated revenues amounted to €5,802 million, 2.5% less than in 2016, as a result mainly of deconso- lidating the US cement business on 1 November 2016 and, to a lesser extent, of the euro’s strength against many of the currencies with which the Group operates. Adjusting for both effects, the FCC Group’s revenues would have increased by 1.6% with respect to 2016. Gross operating income (EBITDA) fell -2.2% to €815.4 million in 2017. Ad- justing for the effects referred to un- der consolidated revenues, EBITDA would have increased by 2.7%. The consolidated EBITDA margin increa- sed to 14.1% due to higher operating profitability, synergies, and the outco- me of measures adopted to increase productivity. At year end, the Environmental Ser- vices and End-to-End Water Mana- gement areas represented 81.8% of Group EBITDA in 2017, while infras- tructure construction, building and other lesser activities accounted for the other 18.2%. Net operating income (EBIT) amoun- ted to €435.9 million, contrasting no- tably with the €93.6 million reported in 2016. Net interest-bearing debt amounted to €3,579.5 million at the end of De- cember 2017, €11.4 million less than at 2016 year-end. FCC Group’s EBITDA was up 2.7%, adjusted for the operations in the Cement business in the US and as a result of the strength of the euro. Net operating income (EBIT) amounted to €435.9 million, contrasting notably with the €93.6 million reported in 2016. F C C G R O U P 8 F C C G R O U P