FCC Aims to double revenues by 2008
Spanish construction group Fomento de Construcciones y Contratas SA (FC) said Thursday it plans to double revenue and earnings by 200, noting in a presentation that it wants to double revenues by Euro 10-1bn by April 2008. Earnings before interest, taxes, depreciation and amortization, or EBITDA, should rise to Euro1.4-1.bn.
It also reiterated that it plans to invest Euro3bn in acquisitions. FCC wants to increase its international operations to represent 35-40 per cent of revenues. A unit of FCC recently launched an Euro 248.3m takeover bid for local cement producer Cementos Lemona SA.
Handpicked stories, in your inbox
Our editors pick the top news delivered to your inbox. Sign-up today!
