We are FCC - Nº6

key attributes — extensive experien- ce, advanced technology, and pro- fessionals committed to excellence in client service. Those actions, reflected in the 2017 earnings, arose out of a plan that the company began implementing three years ago, in 2015, with the support of the new shareholder structure, un- derpinned essentially by Grupo Car- so. The plan had three main thrusts: operations, structure and finance. In the area of operations, the goal was to regain FCC’s position as a specialist in developing and ma- naging infrastructure and environ- mental services (water and waste), focusing selectively on the various geographies where it operates. This was aimed at generating operating profit and driving cash conversion, improving risk management systems and increasing the ethical commit- ment in all projects. The Group pur- sued synergies and enhanced the value of the corporate brand in order to increase returns on operations and boost client satisfaction. FCC back in the black in 2017 with 118million euro in attributable profit FCC’s shareholders at the Annual General Meeting examined the 2017 results; with 118 million euro in attri- butable profit, the year marked the culmination of the recovery process that commenced in December 2014 with the first of two capital increases at the FCC Group that strengthened its ownership structure and played an essential role in achieving its cu- rrent position. The meeting discussed the steps taken to date, as reflected in the fi- nancial results, with FCC regaining a solid operating and financial posi- tioning in harmony with the Group’s A renewed financially strong FCC Group, well-positioned to face the future thanks to its efficiency and operating profitability combined with its more distinctive and traditional values and strengths FCC regains its sound operating and financial positioning. F C C G R O U P 5 F C C G R O U P