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Home » UPDATE 1-Spain’s ACS expects revenue to rise at least 20% by 2026

UPDATE 1-Spain’s ACS expects revenue to rise at least 20% by 2026

    Spanish construction group ACS expects its annual net profit to rise between 9% and 28% by 2026 from last year's levels, and revenues, which come largely from its North American operations that include toll roads, to jump by 20%-34%. ACS told investors on Wednesday during a capital markets day that its net profit should reach between 850 million and 1 billion euros ($905 million-$1.06 billion) by 2026, while it forecast revenues of 43 billion-48 billion euros by then. Last year, ACS reported net profit of 780 million euros on revenues of 35.7 billion euros.

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