Business · Companies · 7 hrs ago
ACS profit rises 20% as orders reach a record €111 billion
Spanish infrastructure group ACS increased its net profit by 20% to €789 million in the first nine months of the year.
Sales rose 12% to €41.3 billion, and net debt fell to €908 million.
Its US subsidiary Turner helped drive growth, with profit up 44% to €524 million.
ACS’s order book reached a record €111 billion, up 24% from a year earlier and equal to more than two years of sales.
Demand for data centres was a major factor: orders in that business nearly doubled to about €26 billion, while orders in energy, water, industry, critical minerals and defence also grew.
The United States and Canada accounted for 65% of sales and 58% of the order book.
ACS is due to update its targets and strategy at a Capital Markets Day the day after announcing these results.
ACS reported attributable net profit of €789 million for the first nine months of 2026, up 20.5% from a year earlier.
Revenue rose 12.3% to €41.262 billion, while EBITDA increased 13% to €2.506 billion.
The group’s order book reached a record €110.994 billion at the end of September, up 24.3% year on year.
Orders linked to artificial intelligence and data centres rose 94% to €26 billion, a quarter of the total order book.
ACS said it expects ordinary net profit for 2026 of between €1.11 billion and €1.155 billion.
- Who
- ACS, the Spanish infrastructure group chaired by Florentino Pérez.
- What
- It reported a 20.5% rise in attributable net profit to €789 million and a record order book of €110.994 billion.
- When
- For the first nine months of 2026, with figures reported on November 11, 2026.
- Where
- The results cover ACS’s global businesses. The group did not state a single location for the results.
- Why
- The company attributed growth to solid performance across its businesses, particularly US subsidiary Turner and increased activity in digital infrastructure.
This story does not have two clearly opposing sides.
ACS completed an accelerated share placement worth €1.703 billion.
ACS recorded net profit of €789 million and revenue of €41.262 billion.
ACS’s order book stood at a record €110.994 billion.
ACS reported its first-nine-month results.
- Attributable net profit
- €789 million, up 20.5%
- Revenue
- €41.262 billion, up 12.3%
- Order book
- €110.994 billion at end-September, up 24.3%
- AI and data-centre orders
- €26 billion, up 94%
- Net debt
- €908 million at end-September
- 2026 ordinary net profit target
- €1.11 billion to €1.155 billion