Spanish Grup ACS is set to shine in 2017, improving 2016 results, according to a Financial Times (FT) business report produced by a panel of 18 analysts. Their spotlight was on ACS’s balance sheet. It cut its debt by more than half (54%) in 2016, paring it to Euro 1.2 billion (US$1.3 billion) from Euro 2.6 billion (US$2.8 billion). This continued a trend begun in 2012; since then ACS has reduced its debt by 75%, from Euro 5 billion to current levels. Net debt to Ebitda was 0.6 times by the end of the 2016 financial year.
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