At its meeting held this afternoon in Madrid, FCC's Shareholders' Meeting approved all the items on the agenda, which included, among others, the annual accounts, the management reports for the 2024 financial year and the distribution of a flexible dividend.

The annual ceremony was presided over by Esther Alcocer Koplowitz, chairwoman of the FCC Group, and Pablo Colio Abril, CEO of the company, who took advantage of this important event to thank the Board of Directors, the management team and all the people who form part of the FCC Group for their efforts during the 2024 financial year, which have contributed to the presentation of good results and to the strengthening and growth of the company, which on 3 July will celebrate its 125th anniversary, a very significant milestone for the FCC Group.

In her address to the shareholders, Esther Alcocer Koplowitz stressed that ‘in times of uncertainty, cohesion and shared vision are our greatest strengths’. She also stressed that the FCC Group's leadership ‘is not only measured by the size of the projects executed, but also by the social, environmental and economic impact we generate’, to which she added that ‘our diversification and financial soundness, together with committed shareholder backing, have enabled us to continue on the path of steady growth’.

For his part, at this annual meeting, the CEO took stock of 2024 and presented the shareholders with a breakdown of the financial results, as well as reporting on the most important events of the year. In his presentation, he referred to FCC's firm commitment to society and the environment, stating that ‘this has been key to our consolidation as a benchmark company, with outstanding management capacity, in-depth technical knowledge and a solid reputation’.

By way of reflection, Pablo Colio wanted to highlight that "our aspiration is to continue advancing in our international expansion, while consolidating our presence in the markets where we already operate. All of this, while remaining faithful to our commitment to build lasting relationships based on trust with the communities, partners, customers and suppliers in each of the territories where we are present". And he ended his speech with a message of conviction, expressing that ‘FCC hopes to be for all the people in its team a project with a long-term, stable and lasting vision’.

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FCC held its General Shareholders' Meeting in Madrid today. All items on the agenda were approved, including the annual accounts for 2021.

Chaired by Esther Alcocer Koplowitz, chairwoman of the FCC Group, and Pablo Colio Abril, CEO of the company, both took advantage of this important event to thank the Board of Directors, the management team, and all FCC employees for their hard work during 2021, noting that their dedication contributed to FCC's sound earnings, and to the growth and development of the FCC Group.

In her speech to the shareholders, Esther Alcocer Koplowitz stressed: "2021 was a demanding year for FCC, and an extraordinary one in terms of results. A year in which we have once again demonstrated our great ability to turn every challenge into an opportunity".

In addition, the chairwoman of the FCC Group highlighted how "the FCC Group, currently present in 25 countries, closed the 2021 business year with profits of 580 million euros. A figure double that of the previous business year".

The FCC in figures

At this annual meeting, the CEO presented a breakdown of the financial results to the shareholders and reported on the most important events. In his presentation, he pointed out that "one of the keys to our success is the strong shareholder backing of the FCC Group, whose benchmark is the Carso Group.The various operational, structural and financial measures implemented, driven by FCC's shareholder reinforcement since 2015, have made us undoubtedly resilient. This is demonstrated by the higher returns and profit achieved in 2021". 

The FCC Group ended the 2021 business year with an attributable net profit of 580.1 million euros, more than double that recorded in the previous business year. 

The Group improved its gross operating profit (EBITDA) by 7.6% to reach 1,126.6 million euros in 2021. It is also worth mentioning the good performance of the net operating result (EBIT), which has recorded a figure of 802.2 million euros, 40.1% more than the previous year. This increase reflects the positive development of EBITDA, as well as the accounting impact of the full consolidation of Realia and the adjustment made to the value of property, plant and equipment and the commercial fund in the Cement area.

The Group's consolidated revenues amounted to 6,659.3 million euros, 8.1% higher than in 2020, due to the positive performance of most of its business activities during the year, especially the Environment area, which increased by 12.4%.  

As for the business portfolio, at the end of last year it stood at 30,196.9 million euros, with an increase of 2.7% compared to 2020. Of particular note in this section is the contribution of the Environment area, with an increase of 17%. 

Equity rose considerably, with a figure of 4,440.7 million euros, 52.7% higher than at the end of 2020, explained by the substantial increase achieved by the net profit and the effect of the full consolidation of Realia and Jezzine.

Net financial debt as at 31 December last year amounted to 3,225.7 million euros, which represents an increase of 427.9 million euros compared to 2020. This increase is a consequence of the full consolidation of Realia and Jezzine's debt in the Real Estate area with an additional amount of 889.7 million euros at the end of the year.

Pablo Colio ended his speech with a message of confidence to shareholders, telling them that "the FCC Group and each of its businesses are focusing their strategy on strengthening their competitive position in key markets in which they are currently present; and on growing selectively in those new markets that are attractive and that are aligned with the company's corporate culture and risks". He also pointed out that "promoting sustainable development has been and will continue to be one of the Group's strategic vectors through the promotion of the construction and management of sustainable and resilient infrastructures; the promotion of the circular economy and the efficient use of water; and the Group's contribution to climate change adaptation and mitigation".
 

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FCC's General Shareholders' Meeting approved the annual accounts and management reports for the 2022 financial year at its meeting held this afternoon in Madrid, as well as all the items on the agenda. The meeting was chaired by Esther Alcocer Koplowitz, chairwoman of the FCC Group, and Pablo Colio Abril, CEO of the company. 

In her speech to the shareholders, Esther Alcocer Koplowitz cited some of the Group's most important data and events in 2022, she also highlighted that "the results achieved during the year have been truly satisfactory". She also conveyed to them her most sincere optimism and firm hope for the current times. 

For his part, the CEO reviewed the results obtained by the FCC Group and by its business areas in 2022, which endorse the company's high capacity to maintain and reinforce its solid position of success and leadership. In addition, Pablo Colio also considered the main milestones achieved in the previous year which featured prominently in his speech. 

Despite being a difficult year for society, the CEO pointed out that "at the FCC Group we have maintained our enthusiasm for obtaining excellent results and our commitment to building an increasingly profitable and valuable company".  

The chairwoman and the CEO, both thanked in their speeches to the Board of Directors, the management team and FCC employees for their efforts throughout the 2022 financial year, a dedication that has contributed to the presentation of satisfactory results and to the growth and development of FCC. Very specially, Esther Alcocer Koplowitz referred to FCC's professionals as "the company's great capital".  "Professionals who are behind each of the important milestones we have achieved during the year".

Pablo Colio closed his speech at this General Shareholders' Meeting by highlighting that "2022 has been a year of great progress, with positive results that without any doubt we could not have achieved without the commitment, trust and effort of our more than 64,000 professionals who have the experience and technical training that guarantee us to offer effective and innovative solutions. You are all the key to the success of our future; you are a fundamental pillar of the FCC Group". 

Once again, this year, Esther Alcocer and Pablo Colio thanked the shareholders for their firm commitment to the company, their constant support and the trust they continue to place in the FCC Group. 

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