Revenue distribution by sectors:

• Construction: 65%
• Infrastructure development: 20%
• Services: 15%

TOP 3 markets:

• Spain: 30%
• USA: 25%
• Australia: 15%

ACS, Actividades de Construcción y Servicios, S.A., generates the majority of its revenue from the construction sector, which is the company's core competency. Infrastructure development and services complement the portfolio and also contribute significantly to the total revenue.

Geographically, Spain is the largest market for ACS, followed by the USA and Australia. These markets offer stable growth opportunities and are strategically important for the company's global presence. Diversification across different regions helps ACS minimize market risks and benefit from various economic cycles.

Main production sites: Worldwide, with a focus on Europe, North America, and Australia.

ACS, Actividades de Construcción y Servicios, S.A., is a globally operating construction and services company. It is active in various regions, with the main production and project sites located in Europe, North America, and Australia. The company is known for its construction projects, infrastructure development, and engineering services.

In Europe, especially in Spain, ACS has its roots and carries out numerous projects. In North America, particularly in the USA and Canada, the company is strongly represented through its subsidiaries. Australia is another important market where ACS is active through its participation in Hochtief AG, which in turn holds the majority stake in the Australian CIMIC Group.

ACS leverages its global presence to take advantage of regional market opportunities and offer its services worldwide.

Revenue Growth: Estimate 5-7% annually (2025-2027)
Profit Growth: Estimate 4-6% annually (2025-2027)

ACS, Actividades de Construcción y Servicios, S.A., pursues a growth strategy based on several pillars. A central component is geographic expansion, particularly in North America and Asia, to benefit from infrastructure investments in those regions.

Furthermore, the company is increasingly focusing on expanding its portfolio in renewable energy and sustainable construction projects. This includes investments in new technologies as well as partnerships with other companies to develop innovative solutions.

Another focus is on optimizing operational efficiency. ACS plans to reduce costs and increase margins through digitization and process improvements. This strategy is intended to make the company more resilient to economic fluctuations and secure stable long-term returns.

Main raw materials: Steel, concrete, copper

Main importing countries: China, Germany, Brazil

ACS, Actividades de Construcción y Servicios, S.A., is a leading construction and services company that imports a variety of raw materials for its construction projects. The main materials include steel, concrete, and copper, which are essential for the construction of infrastructure and buildings.

China is one of the largest suppliers of steel and copper, thanks to its extensive production and competitive prices. Germany provides high-quality machinery and specialized construction materials needed for complex construction projects. Brazil is a significant exporter of raw materials, especially iron ore, which is crucial for steel production.

These import relationships allow ACS to source high-quality materials at competitive prices, which is crucial for the successful execution of their international construction projects.

Market share: 10% in the European construction sector (2024)
EBITDA margin: 8.5% (2024)
Order backlog: 75 billion euros (2024)

ACS, Actividades de Construcción y Servicios, S.A., has established itself as one of the leading players in the European construction sector. With a market share of 10%, the company demonstrates a strong presence, especially in the areas of infrastructure and construction. The EBITDA margin of 8.5% indicates an efficient cost structure and solid profitability, which is remarkable in the construction industry, which is often characterized by low margins.

The order backlog of 75 billion euros provides the company with a stable foundation for future growth and offers some revenue predictability. These factors, combined with a global presence and a diversified project pipeline, give ACS a significant competitive advantage in the industry.

Institutional Investor Share: approximately 60% (2025, estimated)

Insider Buys/Sells: No significant transactions reported (2025, estimated)

The institutional investor share in ACS, Actividades de Construcción y Servicios, S.A. is typically around 60%. This reflects the confidence of large investors in the stability and growth potential of the company.

In 2025, no significant insider transactions were reported, which could indicate a stable assessment of the company's value by management. Such transactions are often seen as an indicator of management's expectations for the company's future development.

Market share of ACS: Estimated 8% (2025)

Main competitors and their market shares:

1. Vinci SA: 10%
2. Hochtief AG: 9% (ACS subsidiary)
3. Bouygues SA: 7%
4. Ferrovial SA: 6%
5. Skanska AB: 5%
6. Eiffage SA: 4%
7. Fluor Corporation: 3%
8. Bechtel Corporation: 2%
9. Balfour Beatty plc: 2%
10. Laing O'Rourke: 1%

Moat of ACS:

ACS, Actividades de Construcción y Servicios, S.A., benefits from a significant moat due to its global presence and diversified services in the construction and infrastructure sector. The strategic investment in Hochtief AG strengthens its market position and enables synergies that enhance the competitive advantage.

In comparison to its competitors, ACS has a strong focus on international projects and broad geographic diversification, which mitigates the risk of market fluctuations. This represents a significant advantage, especially when compared to companies that are more focused on regional markets.

However, companies like Vinci SA and Bouygues SA also have strong moats due to their established brands, extensive networks, and innovation capabilities. Vinci SA, as the market leader, also has an advantage due to its size and ability to efficiently manage large infrastructure projects.

Overall, ACS has a solid moat, but it is challenged by the strong positions of its competitors. The competitive advantage of ACS lies in strategic expansion and leveraging synergies within the corporate group.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) Order Backlog: 75 billion euros (End of 2024)

ACS, Actividades de Construcción y Servicios, S.A., achieved a revenue growth of 8.5% in 2024, indicating strong demand in the construction and services sectors. The profit growth of 10.2% shows that the company was able to increase its profitability despite the challenges in the industry.

The order backlog of 75 billion euros at the end of 2024 points to a solid future revenue source that will support the company in the coming years. This metric is an indicator of the long-term stability and growth potential of the company.

Additionally, ACS has made strategic investments in sustainable infrastructure projects and renewable energies in recent years, positioning the company well to benefit from global trends towards sustainability. These factors could make ACS an attractive investment, especially for investors interested in long-term infrastructure projects.

Dividend Yield: 4.1% (2025, estimated)
Dividend History: Continuous payouts over the last 5 years

ACS, Actividades de Construcción y Servicios, S.A., has pursued a stable dividend policy in recent years. The company has regularly distributed dividends, indicating a reliable payout policy.

The estimated dividend yield of 4.1% for the year 2025 shows that ACS continues to strive to provide its shareholders with an attractive return. The stability of the payouts is supported by the solid financial performance and strong position in the construction and services sector.

Analysts expect that ACS will maintain its dividend policy in the coming years, provided there are no significant economic or company-specific challenges.