In the first nine months of the year, FCC Group's turnover stood at €4.9 billion, which is 9.4% up on the same period in 2020. This increase is due to the strong performance in the different activities and services that the Group offers. 

The increase in income can also bee seen in the significant growth in gross operating profit (Ebitda), which rose 7% at the end of the third quarter and amounted to €814.7 million, driven mainly by the Environment and Construction businesses, which grew 20.7% and 73.8%, respectively. 

It is worth mentioning the performance of the Group's financial debt, which came in at €2.4 billion at the end of the quarter, 13.6% down on the same period in 2020.

At the end of September 2021, net worth totalled €3.4 billion, 15.6% higher than the figure recorded in the same period of 2020, due to the substantial increase in net income.

The revenue backlog stood at €29.8 billion at the end of the third quarter of 2021, 1.3% higher than at the end of the same period in 2020, in which contracting in the Environment area is of particular significance, recording a 11.1% increase. 

Important milestones

FCC Inmobiliaria increases in size and strengthens its competitive position     

On 8 October, FCC Inmobiliaria, parent company of the real-estate area of FCC Group, reached an agreement with Control Empresarial de Capitales (CEC) to acquire 13.11% of the capital stock of Realia for an amount of 83.9 million euros, whereby FCC Inmobiliaria now holds a majority share (50.1%) and, as a result, has achieved its global consolidation within the FCC Group. In addition, it acquired the capital stock of Jezzine, an asset holding company 100% owned by Soinmob (a subsidiary of CEC). As a result of this operation, control of FCC Inmobiliaria is maintained, holding 80.03% of the subsidiary's capital stock, the remaining 19.97% being held by Soinmob. 

These two operations have boosted FCC Inmobiliaria's rental assets, these being a large part of the assets incorporated. This operation has led to the creation of a solid and impressive parent company of the real-estate area of FCC Group, which can diversify its risks and geographical opportunities, by expanding its activities, rolling them out to new areas of operation in which it is not currently present.
 

FCC Environment expands its presence in Central Europe and the United States

FCC Environment Austria was awarded with the municipal waste treatment and transport contract of the West Tyrol Waste Treatment Association, which will begin in January 2022, with a 5-year duration, extendable for another 5 years and with a backlog worth 33 million euros.

In the US, Wellington City Council (Florida) awarded the 10-year contract worth 110 million euros to FCC Environmental Services for the collection of municipal solid waste, with a possible extension of an additional five years. In June, the company also clinched the largest of the three lots for the residential and commercial solid waste collection contract in Hillsborough County, also in Florida, an eight-year contract (entailing a potential four-year extension) with a backlog of 230 million euros. Therefore, the total backlog for this market exceeds 1 billion euros, with over 8 million inhabitants served, turns the company into one of the 20 largest operators in the United States, after 5 years of organic growth.

FCC Aqualia improves its credit rating to "Investment Grade" 

In June, FCC Aqualia received recognition for the stability and strength of its water cycle management business. As a result, Fitch Ratings has improved the company's credit rating to "Investment Grade". This improvement was granted as recognition for the high operational quality and solid financial profile of the main areas of the FCC Group.

FCC Medio Ambiente strengthens its waste collection and treatment activities in Spain 

In August, FCC Medio Ambiente was awarded several lots of the street cleaning contract for the city of Madrid, for a combined amount of more than 400 million euros and a 6-year duration (still pending to be incorporated into the backlog), with a two-year extension.

The Valladolid City Council awarded a JV led by FCC Medio Ambiente with the contract for the design, development and operation of the household Waste Treatment and Disposal Centre of the region's capital, which will serve over half a million inhabitants. The contract backlog is worth over 110 million euros and the contract will be executed over an 11-year period. It is scheduled to go into operation at the end of next year. Likewise, in the recovery activity, it is worth highlighting the new contract awarded to FCC Ámbito for the selective collection and temporary storage of glass container waste for ECOVIDRIO in various Autonomous Communities. The contract backlog is worth 13.5 million euros and the contract has an eight-year duration, starting on February 2022. The company has been operating in this field of recycling for more than 25 years, reaffirming the commitment to build more sustainable societies and consolidating environmental values.

FCC Construcción wins the European PPP "Deal of the Year" award for the A465 project in Wales and strengthens its portfolio in Chile

The A465 motorway expansion project in the United Kingdom received the "European Project of the Year" award. PFI recognised the magnitude and importance of the project to be undertaken as it is needed to improve mobility and connectivity in Wales and also to reactivate the local economy.

The project awarded in Chile involves building the Industrial Bridge in Concepción. The contract is worth over 125 million euros and will have a 32-month execution period.  

FCC Construcción is the preferred bidder in the Rv.555 Sotra Connection project (Norway)

The project is worth €1.7 billion, which includes the design, construction, financing, operation and maintenance of a network of roads, tunnels, bridges and viaducts in the district of Vestland, western Norway, for a 25-year period. Financial closing is scheduled for 2022.

Sotra Link will build nine kilometres of a four-lane highway, from Storavatnet (Bergen) to Kolltveut (Øygarden). It will also build a suspension bridge between the island of Sotra and Bergen, 900 metres long and 30 metres wide and with a 600-metre main span and 144-metre high towers. The project also includes the construction of 12.5 kilometres of tunnels, three smaller bridges and 14 kilometres of lanes for pedestrians and bicycles. A new car park will be built at the Straume and Storavatnet transport terminals.