ACS Shines After Cutting Debt And Dominating North American P3s By Signing $20 Bn In Deals

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.


About Bill Reinhardt

Editor of Public Works Financing newsletter
This entry was posted in Take Back Infrastructure. Bookmark the permalink.