Annual Report of ACS Group - Grupo ACS

Directors’ report for the
Consolidated Group for 2010
Environment turnover breakdown by activity 2009 2010 Var. 10/09
Million of euros
Environmental Services 1,486.2 1,498.4 +0.8%
Facility Management 983.6 1,049.4 +6.7%
Logistics 0.0 14.0 n.a.
Total 2,469.8 2,561.8 +3.7%
International 259.3 293.4 +13.2%
% over total sales 10% 11%
The growth of sales in the Environmental area in 2010 was 3.7%, due to the positive performance of Integral Maintenance,
which grew by 6.7%, and by maintaining the volume of activity of Environmental Services. The remaining activity of Logistics
Services after the sale of Dragados SPL is covered in the Environmental income fi gures.
The domestic market, showing stability in its income and strength of the Integral Maintenance business, thanks to its wide
range of multiple services and broad geographic coverage, grew by 2.6% over 2009. On the other hand, the domestic
production of Environmental Services suffered a slight decrease of 1.2%.
International sales, coming mainly from the activity of Environmental Services, rose by 13.2% as a result of the heavy
activity in treatment plants in international markets, due to the number of contracts awarded over the last periods and the
investment made.
The EBITDA grew slightly by 2.2%, showing a slight decrease in the sales margin as a result of the greater growth of the
Integral Services businesses, whose operating margins are substantially lower. The performance of the EBIT also followed
the same trend and grew by 2.6% over the same period in 2009. The sales margins stood at 12.1% and 7.2% respectively.
Net profi t rose by 4.1% with a margin of 5.9%. This result includes the contribution of the ordinary earnings from Port and
Logistics Services, until its sale, as an “Interrupted Activity” for the value of EUR 43.2 million.
Environment backlog breakdown by activity 2009 2010 Var. 10/09
Million of euros
Environmental Services 9,099.7 9,164.0 +0.7%
Facility Management 1,102.3 1,174.5 +6.6%
Logistics 520.6 505.2 -3.0%
Total 10,722.6 10,843.7 +1.1%
International 3,115.8 3,442.1 +10.5%
% over total backlog 29% 32%
The Environment backlog was EUR 10,844 million, equivalent to more than 4 years of production, 1.1% greater than that
recorded last year. The international backlog, which basically corresponds to Environmental Services, entailed 32% of the
total and grew by 10.5%.
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ANNUAL REPORT 2010
ACS GROUP